US Issues Business Advisory for Sudan

The United States government issued a business advisory cautioning American businesses and individuals against doing business with Sudanese state-owned and military-controlled firms. According to the business advisory provided by the Departments of State, Treasury, Commerce, and Labor, some of the …

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Netflix Eliminates 150 US-Based Jobs After Suffering Losses

Fourth EstateNetflix Logo on screen

Streaming giant Netflix confirmed that the company laid off approximately 150 employees after losing subscribers for the first time in a decade. The employee cuts largely affected its office in California which makes up around 2% of the company’s North …

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Siemens Leaves Russia After Almost 170 Years in Operation

Fourth EstateSiemens Headquarters, Russia - Courtesy Siemens

The German Industrial Giant Siemens announced Thursday that it would exit the country after almost 170 years of operation. “We condemn the war in Ukraine and have decided to carry out an orderly process to wind down our industrial business …

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Crypto Mining Firm Included in Russian Sanctions

Fourth EstateBitRiver AG Facility - BitRiver AG

The United States (US) government announced additional sanctions against more than 40 individuals and businesses suspected of dodging the current wave of sanctions levied against Russia for invading Ukraine. According to the press release from the US Treasury Department, the …

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China Eastern Resumes Boeing 737-800 Flights Less Than a Month After Fatal Crash

Fourth EstateA China Eastern Airlines 737-800 taxis a guangzhou Baiyun International Airport (file photo)

China Eastern Airlines has resumed using Boeing 737-800 jetliners for commercial flights almost one month after a crash killed 132 people on board and grounded over 200 of its MU5843 aircraft on Sunday. China Eastern Airlines said it had executed …

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Uber Halts Operations in Tanzania

Uber, the ride-hailing service, ceased their operations in Tanzania after six years. Uber’s announcement came in the form of a statement addressed to customers across the country, revealing that it will not resume its operations in Tanzania until an agreement …

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Pegatron Suspends Shanghai Production due to COVID Outbreak

Pegatron, one of the major producers of Apple’s iPhone, announced on Tuesday that it had temporarily suspended production at its facility in Shanghai due to the strict COVID-19 lockdown. With almost 25 million residents, Shanghai remained almost entirely locked down …

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Tesla to Open Texas “Gigafactory” with a “Cyber Rodeo”

Fourth EstateTesla Gigafactory Texas

Tesla will hold an event at Gigafactory Texas as the grand opening of its USD 1.1 billion factory on Thursday. The invite-only event called ‘Cyber Rodeo’ will have roughly 15,000 attendants and will start at 4 PM local time. Cyber …

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UK Discount Retailer ‘The Works’ Reports Data Breach, Stores Closed

Fourth EstateThe Works in Meadowhall Shopping Centre in Sheffield (August 2019) - Courtesy "The Works"

UK retail chain The Works has been forced to close down its stores after being hit by a cyberattack. The undetermined cyberattack reportedly disrupted supply chains, logistics, and payment systems. “Replenishment deliveries to the Group’s stores were suspended temporarily and …

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Intel Suspends Business in Russia

Fourth EstateSignage outsite US chipmaker Intel Corp buildig - Fourth Estate

US chipmaker Intel Corp announced Tuesday it suspended business operations in Russia, joining Western companies to exit the country following its invasion of Ukraine. “Intel continues to join the global community in condemning Russia’s war against Ukraine and calling for …

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