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Toyota recalls 3 million vehicles due to fuel pump issues
Toyota is recalling over 3 million vehicles globally due to fuel pump issues that could cause engine failure. The recall affects Toyota and Lexus models, with potential risks of vehicle stalling at high speeds and increasing crash probability. The company warns of possible instrument panel warning lights during potential pump malfunction.
Global airlines brace for $113 billion revenue hit from coronavirus
The International Air Transport Association warns of potential $113 billion revenue hit for global airlines due to coronavirus spread, dramatically increasing previous estimates from $30 billion. IATA's Director General describes the impact as "almost without precedent" in just two months.
Cathay Pacific to pay almost $1M fine over passengers’ data leak
Hong Kong's Cathay Pacific Airways was fined $970,000 after a security breach exposed personal details of 9.4 million passengers, including names, passport information, and travel history. The incident, detected in March 2018, revealed significant lapses in the airline's data protection measures.
Japanese drugmaker strives to develop coronavirus treatment
Japanese pharmaceutical giant Takeda is developing a potential coronavirus treatment using plasma-derived therapy. The drug aims to address severe viral respiratory infections, with researchers seeking blood samples from recovered COVID-19 patients and vaccinated individuals to support their research efforts.
Nestle boosts reforestation in Americas to reduce carbon footprint
Nestle S.A. plans to plant 3 million trees in Mexico and Brazil by next year, collaborating with environmental charities to restore ecosystems. This initiative is the first phase of their strategy to achieve carbon neutrality by 2050, with the first million trees expected to offset emissions from a coffee-processing plant in Veracruz.
Fears on global medicine shortage grow as coronavirus hit supply chains
The coronavirus outbreak has severely disrupted pharmaceutical supply chains, with China being the primary manufacturer of drug ingredients. India, the largest generic drug provider, is now limiting drug exports due to ingredient shortages, raising global medicine availability concerns.
Ex-Microsoft Engineer face fraud charges
A 25-year-old Microsoft software developer was convicted of stealing $10 million in digital currency from his employer. The U.S. Department of Justice charged Kvashuk with 18 federal felonies, including wire fraud, money laundering, and identity theft.
Mobile games download spike amid coronavirus quarantine
During the coronavirus quarantine, mobile game downloads globally spiked by 39% in February. China saw an 80% rise in weekly game downloads, with Apple's app store reporting a 62% increase. Tencent's popular games like Mahjong and Game For Peace experienced significant user growth during this period.
Macau casinos’ revenue fell 88% due to COVID-19
Macau's casino industry experienced a devastating 88% revenue decline in February 2020 after a 15-day forced business closure to combat COVID-19. The Gaming Inspection & Coordination Bureau reported a dramatic drop from previous year's earnings, highlighting the pandemic's severe economic impact on the world's largest gambling destination.
Amazon blocks millions of products for price gouging, misleading claims about...
Amazon removed over a million products from its platform for price gouging and making false COVID-19 cure claims. Prices for essential items like N95 masks skyrocketed, with 10-packs jumping from $41 to $128, prompting the company to take strict action against unethical sellers.