Kazakhstan, Afghanistan to build new railway link connecting Central Asia and South Asia
Kazakhstan's Ministry of Transport and Afghanistan's Ministry of Public Works have reached an agreement on the construction of a new railway line to c...
DNA testing company 23andMe filed for bankruptcy on Sunday after struggling with the fallout from a significant data breach and weak demand for its ancestry testing kits, which once gained widespread attention, including being featured in Oprah Winfrey's annual list of favorite things.
The company has seen a sharp decline in market value, and its shares plummeted 46% to 96 cents on Monday, following the resignation of co-founder and CEO Anne Wojcicki.
Wojcicki's departure comes after several unsuccessful attempts to secure a buyout, with the company’s board rebuffing her efforts. She had previously sought investments from contacts, including her ex-husband Sergey Brin, co-founder of Google. On an interim basis, Chief Financial Officer Joe Selsavage will take over as CEO.
23andMe, which went public in 2021 at a $3.5 billion valuation through a merger with Richard Branson's SPAC, had faced stiff competition from other genetic testing firms like AncestryDNA, which was acquired by Blackstone Group. However, despite being a major player in the genetic testing market, the company experienced slowing sales and a damaging data breach in 2023 that exposed personal data from nearly 7 million customers. This breach contributed to a significant blow to its reputation, compounded by layoffs and a cessation of its therapy development programs.
In addition to the data breach, 23andMe reached a $30 million settlement in a lawsuit related to the incident. The company is now in the process of selling itself, having secured $35 million in financing on Sunday. However, the future of the company remains uncertain as it operates under bankruptcy protection while seeking potential buyers. It listed assets and liabilities between $100 million and $500 million.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. restore punitive tariffs, a Reuters survey of economists indicates.
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