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newsinsightplus.com
1.2bn
10year
March 28, 2024
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BBC HomepageSkip to contentAccessibility HelpYour accountNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityWorldAfricaAsiaAustraliaEuropeLatin AmericaMiddle EastUS & CanadaInsurance loss for US bridge collapse could hit $3bnPublished23 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, The Port of Baltimore is the 14th largest in the USBy Madeline HalpertBBC News, New YorkThe collapse of a bridge in the US city of Baltimore will result in the largest single marine insurance loss ever, a British insurance marketplace said.Six people were presumed dead after a ship crashed into the bridge, and divers have recovered two bodies.Experts say the damages could cost as much as $3bn (£2.3bn). “I would say it’s certainly going to be one of the largest marine losses in history,” said John Neal, chief executive officer of Lloyd’s of London. “Of that there is little or no doubt,” Mr Neal told the BBC. “But genuinely the good news is it’s insured.” Mr Neal said the port and the ship that crashed into the bridge are also insured. “So from a financial point of view, there is a process that will allow for financial compensation to be made and for the claim to be settled,” he said. The Maryland Department of Transportation has so far asked the Biden administration for $60m in emergency funds to help clear debris and clean up after the incident. Addressing the bridge collapse is not the only expense, either. Until the shipping lane is reopened, experts say the incident could lead to losses of up to $15m (£11.8m) because of how vital the Baltimore port is to global commerce.Image caption, The amount of cargo handled by the port has grown steadily since 1998.Mr Neal would not offer a number for how much insurance companies may be billed for the collision, but analysts at Barclays have said the claims could cost insurance companies as much as $3bn.The analysts said damages to the bridge itself could amount to $1.2bn, while insurance companies may face fees between $350m and $700m for wrongful deaths. Closure of one of the US’ biggest ports while the bridge is repaired could also cost millions of dollars, Barclays’ analysts said. The Port of Baltimore is the 14th largest in the US. In 2023, 52.3 million tonnes of foreign cargo, worth $80.8bn, passed through Baltimore, according to data from the state of Maryland. Experts have stressed that the closure of the part could have ripple effects on global supply chains. President Joe Biden has said the federal government should cover the cost to rebuild the bridge.Paul Wiedefeld, secretary of the Maryland Department of Transportation, and other officials noted that resolving the bridge collapse will not be a quick process.But he promised at a press conference on Wednesday that officials were working to “come up with a design for the replacement of that bridge as quickly as possible to get the port back up and the community back up and running”.Related TopicsBaltimoreUnited StatesMore on this storyCars, coal and gas… key cargo at Baltimore portPublished20 hours agoDivers recover bodies from Baltimore bridgePublished10 hours agoTop StoriesSecret papers show Post Office knew case was falsePublished3 hours agoFTX’s Sam Bankman-Fried sentenced to 25 yearsPublished20 minutes agoMan arrested after death of Gogglebox starPublished5 hours agoFeaturesHow do I renew my UK passport and what is the 10-year rule?I’m not ashamed of who I am any more, says LionessWhat we know about the accusations against DiddyWhat happens now Baltimore port is closed?Father of two among Baltimore bridge victimsWhat are assisted dying, assisted suicide and euthanasia?Tackling deepfakes ‘has turned into an arms race’‘We crowdfunded to help pay our son’s care costs’Why is Thames Water in so much trouble?Elsewhere on the BBCThis week’s ‘must watch’ and ‘don’t bother’ showsYour favourite couch critics guide you through the latest programmes on the boxAttributionSoundsA joyous celebration of love, community and equalityTom Allen marks the tenth anniversary of same-sex marriage being legalised in England and WalesAttributioniPlayer’He’s confused popularity with respect’Another chance to listen to Ricky Gervais on Desert Island Discs in 2007AttributionSoundsBruce Lee as you’ve never seen him beforeTen defining pictures throw a unique lens onto an extraordinary lifeAttributioniPlayerMost Read1Bus plunges off South Africa bridge, killing 452Man arrested after death of Gogglebox star3Parents offered class photo with no ‘complex needs’ pupils4Easter getaways hit by travel disruption5Secret papers show Post Office knew case was false6Beyoncé’s country album: The verdict7Flintoff returns to BBC with Field of Dreams show8Fans warned over German beer strength before Euros9FTX’s Sam Bankman-Fried sentenced to 25 years10Stephen Bear ordered to pay £27k over sex tape

[ad_1] It could cost insurance companies $1.2bn for the bridge damages and millions more for the six deaths.

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1.7bn
117bn.With
March 19, 2024
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BBC HomepageSkip to contentAccessibility HelpYour accountLiveNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityBusinessMarket DataEconomyYour MoneyCompaniesTechnology of BusinessCEO SecretsArtificial IntelligenceHow Temu is shaking up the world of online shoppingPublished52 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, It’s estimated that 152 million Americans use Temu every monthBy Sam GruetBusiness and technology reporterA record 123 million Americans tuned into this year’s Super Bowl. But as well as getting the nation’s biggest sporting event, a blockbuster halftime performance and several camera cutaways of Taylor Swift in the crowd, they also got six 30-second commercials for Temu – a Chinese-owned e-commerce company.The shopping giant has been criticised by politicians in the UK and US – a US government investigation finding an “extremely high risk” that products sold on Temu could have been made with forced labour.Temu says it “strictly prohibits” the use of forced, penal, or child labour by all its merchants.The company, which sells everything from clothes to electronics and furniture, first launched in the US in 2022 and later in the UK and the rest of the world.Since then, it has consistently topped global app download charts, with just under 152 million Americans using it every month, according to data gathered by analyst SimilarWeb.It’s “Amazon on steroids,” says retail analyst Neil Saunders, and with the tagline “shop like a billionaire” it has exploded in popularity, shipping to 49 countries worldwide.Image source, TemuImage caption, Temu spent close to $1.7bn on ads in 2023, according to SimilarWebA typical 30-second Super Bowl commercial costs around $7m (£5.5m), during this year’s event Temu had six of them. “It’s a lot of money for a very, short commercial,” Mr Saunders says. “But it is seen by an enormous number of people and we know that after that commercial Temu’s downloads spiked,” he adds. SimilarWeb data suggests individual visitors to the platform worldwide were up by nearly a quarter on the day of the Super Bowl compared with the previous Sunday, with 8.2 million people browsing the website and app. In the same period, Amazon and Ebay’s visitors were down by 5% and 2% respectively. “They’ve also spent a lot of money on micro-marketing, persuading influencers to push products and to suggest buying things on the platform via social channels like TikTok and YouTube,” says Mr Saunders. These influencers typically have fewer than 10,000 followers according to Ines Durand, an e-commerce expert at SimilarWeb.”Micro-influencers have strong communities, so their endorsement means a strong trust towards these products,” she explains.Temu is owned by Chinese giant Pinduoduo – “a monster in Chinese e-commerce,” according to Shaun Rein, founder of the China Market Research Group. “Throughout China, everyone buys products on Pinduo, from speakers to t-shirts or socks,” he says. More technology of businessCan Stockholm keep its edge in the music industry?Could product passports revolutionise the way we shop?Why firms are racing to produce green ammoniaWhy some cyber-attacks hit harder than othersThe brewing secrets behind tastier no-alcohol beerThe company consistently trades places with rival Alibaba for the top spot of most valuable Chinese firm listed on a US stock exchange. Its current worth sits at just under $150bn (£117bn).With the Chinese consumer market under its spell, Pinduoduo expanded overseas with Temu, using the same model that had ensured its previous success. According to Mr Rein, who is based in Shanghai, the firm has become a great source of pride and patriotism.”They’re proud that Chinese companies can slay the e-commerce dragons from the United States like Amazon,” he adds. A quick scroll through the Temu app or website will bring up anything from steel-toecap trainers to a device designed to help the elderly and pregnant women put on socks. A menagerie of manufactured goods, almost entirely produced in factories in China, Mr Rein explains.”Temu use an amazing, system that relies on, heavy data collection at scale,” says Ines Durand.”They collect data on consumer trends, the most searched and clicked products, which they give to individual manufacturers.”Ms Durand says that while Amazon sells this data to manufacturers at a premium, Temu gives it to producers free of charge – information they use to “test the market” with a relatively small number of products. The platform often uses AI-generated images to keep up to date with the very latest trends, so the product on sale may not even exist yet, according to Ms Durand. Then they are shipped by air.”It means products don’t need to be stored. They don’t need to go to warehouses once it’s shipped by aeroplane, you go straight to the customer,” says Ines Durand. Image source, Getty ImagesImage caption, Temu ships straight from factories in China to the customerA third of parcels that came into the US last year under a shipping loophole known as the de minimis threshold were from Temu and competitor Shein, according to a report from US Congress.Many countries – including the UK and USA have a de minimis threshold, designed to help citizens to import goods.So as Temu’s goods are shipped directly from the factory floors, cutting out the middlemen, they become essentially duty-free.More regulation may be on the horizon to close up shipping loopholes, however, according to Mickey Diaz, chief operating officer at global freight company Unique Logistics. “The UK has already started to look at Temu with some scrutiny, including the sale of weapons that are otherwise not allowed into the UK, which were being imported because of these loopholes,” she explains.Temu has been criticised for its supply chains too, with UK and US politicians accusing the e-commerce giant of allowing goods produced with forced labour to be sold on its site. Last year, Alicia Kearns MP, head of the foreign affairs select committee, told the BBC she wanted greater scrutiny of the online marketplace to make sure “consumers are not inadvertently contributing to the Uyghur genocide”.Temu says it “strictly prohibits” the use of forced, penal, or child labour by all its merchants. It told the BBC anyone doing business with it must “comply with all regulatory standards and compliance requirements”.”Temu’s merchants, suppliers, and other third parties must pay their employees and contractors on time and comply with all applicable local wage and hours laws.”Our current standards and practices are no different from other major e-commerce platforms trusted by consumers, and allegations in this regard are completely ungrounded,” a spokesperson added. Despite the controversy, analysts expect further expansion for Temu.”We’ll probably see teams start to round out its offer more, perhaps pushing into some slightly higher priced products” predicts retail analyst Neil Saunders.According to Shaun Reid, the focus will be on grabbing an even bigger slice of the market.”For the next two to three years, their strategy is just to grow brand awareness and market share. They don’t care about profits. “That’s exactly what happened with Pinduoduo when it launched in China. They were giving incredibly cheap deals just to grab market share.”Related TopicsInternational BusinessAmazonChinaTechnology of BusinessTemuTop Stories’Only God can change this place’: Haitians see no end to spiralling violencePublished2 hours agoPutin hails Crimea annexation after claiming election winPublished2 hours agoRwanda bill amendments overturned in Commons votePublished2 hours agoFeaturesThe Papers: Kate ‘pictured in public’ and ‘key’ Rwanda voteGaza faces famine during Ramadan, the holy month of fastingPredicting Putin’s landslide was easy, but what comes next?No choice for Ukrainians: More Putin means more warThe US Navy’s relentless battle against Houthi attacksThe councils fighting to stop themselves going bustChris Mason analysis: Rwanda saga won’t be over even when law is passedWhat is a heat pump and how much do they cost?High-seas drama over an ocean treasure troveElsewhere on the BBCThe true story of the Army’s ‘golden egg’ agentThe Big Cases investigates the true story of a spy in suburbiaAttributioniPlayerA satirical look at the scheming world of PRCharles Prentiss and Martin McCabe embark on a new career as spin doctorsAttributionSoundsThe ultimate bromanceWatch the masters of satire Peter Cook and Dudley Moore with a look back through the archivesAttributioniPlayer’I will lie on my deathbed wishing I’d done more’Former spin doctor Alastair Campbell on what he’s learned from his life so farAttributionSoundsMost Read1Katie Price declared bankrupt for second time2Kate ‘pictured in public’ and ‘key’ Rwanda vote3Oldest surviving England player dies at 944Rwanda bill amendments overturned in Commons vote5Trump unable to get $464m bond in New York fraud case6’Only God can change this place’: Haitians see no end to spiralling violence7Putin hails Crimea annexation after claiming election win8Zac Goldsmith banned after speeding seven times9Customers withdraw millions after cash machine glitch10Energy grid needs £60bn upgrade to hit green target

[ad_1] With the Chinese consumer market under its spell, Pinduoduo expanded overseas with Temu, using the same model that had ensured its previous success. According to Mr Rein, who is…

newsinsightplus.com
1m.Coltons
22yearold
March 10, 2024
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BBC HomepageSkip to contentAccessibility HelpYour accountLiveNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityTechnologyApple ‘like The Godfather’ with new App Store rulesPublished8 hours agoShareclose panelShare pageCopy linkAbout sharingImage caption, Colton Adamski is hoping to launch one of the first alternative app marketplaces on iPhonesBy Joe TidyCyber correspondentThis week Apple made the long-awaited landmark move to allow other companies to launch app stores on iPhones.The tech giant was forced to act by EU politicians concerned about it having a market monopoly.The decision is being watched closely around the world and was initially celebrated as an industry victory for businesses and consumers in the EU.But Apple’s strict new rules and fees are being heavily criticised, with Spotify calling them “extortion”.It is one of many companies, including Fortnite maker Epic Games, that has been pushing Apple to allow alternative app stores on iPhones.’Grey business’The EU lawmakers hoped their rule change would encourage smaller challengers to enter the lucrative iPhone market.”Apple says it’s opening up, but it still has a tight fist around iPhones”, says Colton Adamski, a former hacker and businessman who lives near Chicago and is trying to launch one of the first alternative app shops in the EU. The 22-year-old has been running an unofficial iPhone app store for more than six years. It is, in his words, a “grey business” operating on the fringes of what is legal. For everywhere other than the EU, starting an app store is against Apple’s terms, and installing apps outside the official App Store is prohibited.The process, known as side-loading, is common practice on Android phones, but Apple has forbidden it since launching the iPhone, arguing it is a security risk. Apps need to be verified through the official App Store, the tech giant has long said.Image source, Getty ImagesImage caption, Apple’s App Store has been the only accepted way to get apps on to iPhones until nowApple charges an average 30% commission to apps using its store, which it says is for the protection of consumers. Although the fee is controversial, it is true that generally Apple is more successful at keeping malicious apps out than other marketplaces like Google’s Play Store.Colton’s app shop has attracted hundreds of thousands of downloads of unofficial apps and games. The BBC tried his service and was able to download apps to an iPhone through a simple workaround that changes the phone settings to override security warnings. He has made a decent living operating his under-the-radar app shop, but has long wished to make one legitimately. So when the EU’s new laws were announced in January, he jumped at the chance.”It was so exciting we finally had the opportunity to go from a ‘grey’ store operating in the margins of what’s allowed to finally launching a legit store,” he says. Fortnite to come back to iPhones in EU Pornhub challenges EU over online content rulesApple is now the biggest smartphone seller globally and has the most affluent user base, so getting his store on to iPhones would be a major win. Colton’s excitement diminished though when he and his team started reading Apple’s terms and conditions.He compares Apple’s rules to a gangster from The Godfather or Sopranos. Yes, you can open your shop on their turf, but you have to do exactly as they say or they will shut you down. Apple insists that new app shops have €1m (£851,000) in the bank, but if their reserves dip below that figure, they can be closed down. Apple did not respond to our questions about why this is needed, but has previously said it is about weeding out dodgy, or scam, stores. In the last few weeks, since Colton secured his line of credit, Apple has said that app developers of “good standing” for at least two years can also build an app shop without the €1m.Colton’s next hurdle to overcome is how to make a profit. Apple automatically bills new app stores half a euro for every download after one million. Apple says this Core Technology Fee is about keeping iPhones safe through security updates. But Colton feels this is like a so-called protection fee paid to a mob under the guise of making sure a shop owner’s business is safe. So if someone downloads his app shop app but never uses it, he still has to pay Apple 50 cents. Image caption, Colton is determined to launch a challenger app marketplace in spite of the hurdlesApple is also applying the 50 cent fee to individual apps that receive more than a million downloads, which is worrying some popular app makers. The company has created a website where app developers can estimate how much money they would owe Apple if they choose to list their apps on other stores. It could total thousands if the million download figure is passed, but If they sold exclusively through Apple’s App Store it would cost nothing. Another charge being criticised is the 17% fee Apple will charge on any sales of an app sold on its App Store and elsewhere. Apple argues that 99% of apps it currently hosts are small enough that they can reduce or maintain their current fees. “Ultimately, we want developers to have the flexibility to choose the business terms that make the most sense for them,” a spokeswoman said.But, according to Colton, just like The Godfather, Apple is making companies an offer they cannot refuse to keep them listing only on the App Store. “Many app developers I know are angry and upset. How on earth can they explain this Core Technology Fee? We don’t see Android pulling that nonsense,” Colton says.Android phones, running Google software, have historically been more open, allowing other app shops to exist like Samsung Galaxy Store and Huawei AppGallery.Image source, Getty ImagesImage caption, Apple and Google account for more than 95% app store market share outside China according to information platform BusinessOfAppsBut Google’s own app shop – Google Play – is by far the most dominant player and, like Apple’s App Store, charges apps on average 30% of their profits or subscriptions as commission. EU lawmakers who created the Digital Markets Act have not yet given an opinion on Apple’s alternative app store rules, and say they will assess them once they are seen in practice. For now, Colton says he is determined to make his app store work. “It’s proving to be really tough but me and my team are working hard because this is literally the future of iPhones,” he said. Related TopicsAppsMobile phonesAppleEuropean UnionMore on this storyiPhone China sales slide as Huawei soars – reportPublished4 days agoTop StoriesFirst official picture of Kate since surgery releasedPublished1 minute agoUS military ship heading to Gaza to build portPublished5 hours agoIDF completes road across Gaza, satellite images showPublished8 hours agoFeaturesThe Papers: Gove’s extremism warning and Johnson in trip to VenezuelaGaza war fuels Jerusalem fears as Ramadan to beginIs Europe doing enough to help Ukraine?Your pictures on the theme of ‘speed’The people keeping the historic foot ferry afloatHow China’s boarding schools are silencing Tibet’s languageMan behind viral fake currency shocked by its successApple ‘like Godfather’ with new App Store rulesWhat a $1 deal says about America’s office marketElsewhere on the BBCHair-pulling, punching and kickingFootage from the moment a brawl erupts in the Maldives ParliamentAttributioniPlayerExploring the mysterious deaths of Nazi fugitivesThree brothers investigate whether a family connection may explain the truthAttributioniPlayerFrom triumph to tragedy…After more than 30 years of service, America’s space shuttle took to the skies for the last timeAttributioniPlayerCan they take on an elite boarding school?Five black inner-city teens must leave their old worlds behind…AttributioniPlayerMost Read1Doctor reveals how ‘brutal’ therapy tackled Rhod Gilbert’s cancer2Johnson flew to Venezuela for unofficial talks3King gives Scotland’s top honour to Prince Edward4Gove’s extremism warning and Johnson in trip to Venezuela5What a $1 deal says about America’s office market6IDF completes road across Gaza, satellite images show7Attack victims hit out at extremism in open letter8Earl Spencer reveals abuse at boarding school9Moscow student jailed for pro-Ukraine wi-fi name10Designer Donatella Versace rescued from lift

[ad_1] Apple insists that new app shops have €1m (£851,000) in the bank, but if their reserves dip below that figure, they can be closed down. Apple did not respond…

newsinsightplus.com
10bn
16.4bn
March 6, 2024
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BBC HomepageSkip to contentAccessibility HelpYour accountLiveNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityBusinessMarket DataEconomyYour MoneyCompaniesTechnology of BusinessCEO SecretsArtificial IntelligenceiPhone China sales slide as Huawei soars, report saysPublished6 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesBy Mariko OiBusiness reporterSales in China of Apple’s iPhone fell by 24% in the first six weeks of 2024 compared to a year earlier, according to research firm Counterpoint.It comes as the US technology giant is facing fierce competition in the country from local rivals.During the same period China’s Huawei saw its sales jump by 64% in its home market, the report says.Apple and Huawei did not immediately respond to requests for comment from the BBC.Aside from a resurgence of Huawei sales at the more expensive end of the Chinese phone market, Apple was also “squeezed in the middle on aggressive pricing from the likes of Oppo, Vivo and Xiaomi,” Counterpoint’s Mengmeng Zhang wrote.China, which is one of Apple’s biggest markets, also saw overall smartphone sales shrink by 7% in the same period, Counterpoint said.Huawei struggled for years due to US sanctions but its sales surged after releasing its Mate 60 series of 5G smartphones in August.It came as a major surprise as the Chinese firm was cut off from key chips and technology required for 5G mobile internet.Honor, which is the smartphone brand spun off from Huawei in 2020, was the only other top-five brand to see sales increase in China during the period, according to the report. Sales of Vivo, Xiaomi and Oppo also fell in the first six weeks of the year, Counterpoint said.Apple started offering discounts on its official sites in China last month before subsidising certain iPhone models through its flagship stores on Alibaba’s marketplace platform Tmall last week.A slowdown in demand in China could affect Apple’s revenue which already disappointed investors when the firm released its earnings last month.The firm said sales in China were $20.82bn (£16.4bn) in the last three months of 2023, down from $23.9bn in the previous year.Related TopicsChinaAppleiPhonesMore on this storyApple shares slide after China iPhone ban reportsPublished8 September 2023Apple boss makes surprise China visitPublished17 October 2023Top StoriesHunt expected to cut National Insurance tax by 2pPublished49 minutes agoLive. Biden and Trump sweep early Super Tuesday states17 facts you need to know ahead of this year’s OscarsFeaturesThe Papers: Hunt’s £10bn ‘tax cut gamble’ and SAS murder inquiry17 facts you need to know about the 2024 OscarsCan the Panama Canal save itself?Why food airdrops into Gaza are controversialFour things to watch as 15 US states vote on Super TuesdayDo councils spend too much on diversity schemes?Tax, childcare, vapes: What could be in the Budget?Moment astronauts hug as they arrive at space station. VideoMoment astronauts hug as they arrive at space stationThe sound that signalled death for IRA ‘informers’Elsewhere on the BBCCan you beat the energy price cut?Tune in to Martin’s advice on the latest energy cuts, train crises and money tipsAttributionSoundsThe ultimate bromanceWatch the masters of satire Peter Cook and Dudley Moore with a look back through the archivesAttributioniPlayerAgeing, nicknames and cinema shoutingComedian Frank Skinner dishes out laughs and wisdom in this latest interviewAttributionSoundsWill this elite boarding school fit around them?Five black inner-city teens must leave their old worlds behind…AttributioniPlayerMost Read1Hunt’s £10bn ‘tax cut gamble’ and SAS murder inquiry2Army removes Kate appearance claim from website3Hunt expected to cut National Insurance tax by 2p4Woman yanked into air by shop shutters finds fame5Ban on FKA twigs Calvin Klein ad partially lifted6US pilot over alcohol limit before Edinburgh flight7Cabinet minister pays damages over Hamas claim8SAS troops investigated over Syria war crime claims9Dan Wootton departs GB News after Ofcom ruling10German patient vaccinated against Covid 217 times

[ad_1] Apple phone sales fell 24% in the first six weeks of the year, according to researcher Counterpoint.

newsinsightplus.com
2023Portland
46.3m
January 31, 2024
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BBC HomepageSkip to contentAccessibility HelpYour accountLiveNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityWorldAfricaAsiaAustraliaEuropeLatin AmericaMiddle EastUS & CanadaeBay to pay $59m over illegal pill press salesPublished1 hour agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, eBay has denied wrongdoingBy Madeline HalpertBBC News, New YorkeBay has agreed to pay $59m (£46.3m) over claims it sold equipment that can manufacture illegal drugs. The US justice department had alleged that thousands of pill presses and encapsulating machines were sold on the site, including to people who were later convicted of drug-related crimes. The equipment can be used to make counterfeit pills, including those laced with fentanyl. It comes as many states in the US are battling opioid crises. “Counterfeit pills laced with fentanyl are a significant contributor to the deadly overdose epidemic,” said Associate Attorney General Vanita Gupta, warning that the department “is committed to using all available enforcement measures” to ensure companies selling pill-making equipment follow the law.Specifically, the e-commerce giant failed to comply with the Controlled Substances Act (CSA), which requires companies to keep strict records and report them to the Drug Enforcement Administration, federal prosecutors alleged. The department says pill presses sold on the site are capable of producing thousands of pills per hour. Encapsulating machines, which pack powder into pill capsules, were also sold. eBay has denied the allegations, saying it settled the case to avoid litigation costs, but pledged to take more actions to comply with the CSA as part of the settlement. “Maintaining a safe and trusted marketplace for our global community of sellers and buyers is a fundamental principle of our business,” the company said in a statement.In its investigation, the US government found that hundreds of customers who purchased pill presses also bought counterfeit moulds, stamps, or dyes to make counterfeit pharmaceutical pills. Drug overdoses killed more than 110,000 people in the US in 2022, according to the US Centers for Disease Control. Over two-thirds of those deaths were from the powerful painkiller fentanyl and other synthetic opioids,The city of Portland on Tuesday declared a state of emergency for the rampant fentanyl use that has overtaken Oregon’s largest city. Related TopicseBayFentanylUnited StatesMore on this storyUS sanctions Chinese firms in fentanyl crackdownPublished4 October 2023Portland declares emergency to tackle fentanyl usePublished16 hours agoTop StoriesSturgeon denies Covid decisions were politicalPublished1 hour agoSturgeon fights back tears: Key moments from Covid inquiry evidence. VideoSturgeon fights back tears: Key moments from Covid inquiry evidencePublished2 hours agoMan charged with Bristol teenager murdersPublished5 minutes agoFeatures’I saved £200 by doing Dry January’Former FM returns to centre stage at Covid InquiryWhat is the new Northern Ireland trade deal?’If not Putin, then who?’ – How Russians view looming electionsN Ireland’s new dawn, led by republican first minister’I regret posting online that I was Madeleine McCann’Police officers mock bodycam video of semi-naked womanEnergy bill error saw man pay £244,000 direct debitWhere Biden v Trump will be won and lostElsewhere on the BBCWar, negotiations and geopoliticsLearn about Putin’s war in Ukraine in gripping detailAttributioniPlayerIs nature better off without us?Discover the wonder of nature and meet the people determined to keep it wonderfulAttributionSoundsFrom blueprint to the Manhattan skylineJourney to the past and see the remarkable story behind the iconic Empire State BuildingAttributioniPlayerFrom the Fall to Fifty ShadesActor Jamie Dornan shares the soundtrack of his life with Lauren LaverneAttributionSoundsMost Read1Man charged with Bristol teenager murders2Builder jailed for killing client in extension row3Seven conditions that your local chemist can treat4Leaders clash over Iceland worker’s mortgage rise5King ‘doing his best’ after treatment – Camilla6Elmo responds to ‘world is on fire’ angst7Brand denies ‘hurtful’ sexual assault allegations8Crossbow man shot dead by police was stalker9Sturgeon denies Covid decisions were political10Constance Marten taxi driver had ‘uneasy feeling’

[ad_1] “Counterfeit pills laced with fentanyl are a significant contributor to the deadly overdose epidemic,” said Associate Attorney General Vanita Gupta, warning that the department “is committed to using all…