July 20, 2018
Johnson & Johnson to pay $4.7bn damages in talc cancer case
Johnson & Johnson has been ordered to pay $4.7bn (£3.6bn) in damages to 22 women who alleged that its talc products caused them to develop ovarian cancer. A jury in the US state of Missouri initially awarded $550m in compensation and added…
July 20, 2018
Trump says he’s ‘ready’ to put tariffs on all $505 billion of Chinese goods imported to the US
President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise. "I'm ready to go to 500," the president told CNBC's Joe Kernen in a "Squawk Box" interview. The reference is to…
July 20, 2018
Liverpool signs Brazilian goalkeeper Alisson from Roma for $84 million
Brazil international Alisson has joined Liverpool from Roma in an $84 million transfer -- a world record deal for a goalkeeper. "In terms of my life and my career, it's a huge step for me being part of this club and this family," the 25-year-old…
July 20, 2018
Olympic figure skater stabbed to death
Tributes are being paid to Denis Ten, Kazakhstan's Olympic medal-winning figure skater, who died Thursday at the age of 25 after being stabbed. Ten, who became the first Kazakh figure skater to win an Olympic medal when he secured bronze at Sochi…
July 20, 2018
24% of Tesla Model 3 orders have been canceled, analyst says
Tesla is finally making enough Model 3s -- but an analyst says many customers are growing too impatient to wait any longer for them. Cancellations for Model 3 orders have picked up in recent weeks. Refunds now outpace deposits for Tesla's new…
July 19, 2018
Ford agrees to $299M settlement as part of Takata airbag inflator scandal
Even though experts figured out the hows and whys of the Takata airbag scandal months ago, the fallout continues to settle. Ford agreed this week to a $299.1 million economic loss settlement related to the Takata scandal, citing documents filed in…
July 19, 2018
Lewis Hamilton agrees two-year contract extension at Mercedes
Reigning Formula One world champion Lewis Hamilton has signed a two-year contract extension at Mercedes and will remain with the team until the end of 2020. The deal is reported to be worth $52 million per year, further enhancing the 33-year-old's…
July 19, 2018
Aston Martin unveils sports car for the skies
Luxury carmaker Aston Martin has unveiled plans for a personal aircraft dubbed a "sports car for the skies". The company has teamed up with jet engine maker Rolls-Royce and engineering boffins at Cranfield University on the futuristic project. A…
July 19, 2018
Trini Woman Jailed in UK for Defrauding Charity of US$1 Million
A Trinidadian-born woman has been jailed in the United Kingdom for defrauding a charity she worked for of just over US$1 million. Nadia Deone Chase Ali, 35 was sentenced to six years in prison after being convicted of fraud by abuse of position,…
July 19, 2018
Europe fines Google $5 billion for abusing its Android dominance
The company was ordered by the European Commission on Wednesday to pay €4.34 billion ($5 billion) for unfairly pushing its apps on smartphone users and thwarting competitors. "Google has used Android as a vehicle to cement the dominance of its…