Samsung estimated that it made a meteoric 15-fold rise in its second quarter operating profit, which it said was better than its expectations.
Industry
Algeria and Italy Finalize $455 Million Agricultural Project Deal
Algeria and Italy have signed a €420 million (approximately $455 million) deal to establish a significant agricultural project spanning 36,000 hectares in Timimoune province.
US Miners Are Calling for the Revival of the Bureau of Mines
Mining trade groups are urging the US government to revive and expand the Bureau of Mines. Mining trade groups are urging the US government to revive and expand the Bureau of Mines to streamline government regulation and support for critical minerals production.
Paypal Australia Unit Used Unfair Term in Small Business Contracts, Court Finds
PayPal's Australian branch has used an unfair term in its standard contracts with small business clients, according to a federal court.
Disney Heiress Plans to Halt Donations to Democrats Unless Joe Biden Drops Out
President Joe Biden faces pressure from prominent donors within his party, including Disney heiress Abigail Disney, who announced she would cease funding to the Democratic Party.
Latest News
Trader Joe's is carrying out a nationwide recall of its Mango Tangerine Scented Candle. Trader Joe's is carrying out a nationwide recall of its Mango Tangerine Scented Candle as it might cause harm to users due to a larger-than-expected flame.
China filed six times more patents for artificial intelligence (AI) technologies than United States-based inventors, according to a UN report.
Lufthansa has won EU antitrust approval to buy 41% of ITA Airways for around $350 million. Lufthansa has received antitrust clearance from the European Union (EU) to acquire 41% of ITA Airways for 325 million euros (about $350 million) following the sale of certain routes and slots, the company announced Wednesday, July 3.
Criminal groups are siphoning billions of dollars annually from the music industry through fraudulent streaming activities, according to a streaming technology firm.
Russia's central bank has advised businesses to explore alternative solutions, including cryptocurrencies and other digital assets, to facilitate payments with foreign partners.
US venture capital funding climbed to $55.6 billion in the second quarter, marking the highest level in two years, according to PitchBook data.
Amazon has announced it will discontinue its Astro for Business security robot and shift its focus back to household robots.
![[TIMELINE] How Boeing Came Under Fire by Federal Lawsuit Over Fatal Crashes](https://d.vcpost.com/en/full/106532/timeline-how-boeing-came-under-fire-federal-lawsuit-over-fatal-crashes.webp?w=329&h=190&f=dc7eedb975ababc0ebba342a262d1d7c)
Boeing has until July 5 to decide on whether to fight or plead guilty to the lawsuit filed by the Department of Justice for its alleged violation of a 2021 agreement that shielded it from criminal charges after a string of incidents involving its planes, employees, and other business lines.
The administration of President Joe Biden has announced the awarding of $504 million in funding for 12 technology hubs in the US.
