Technology

Wirecard filed for insolvency after a devastating scandal in which $ 2 billion went missing and its former CEO was arrested.

CHRISTOF STACHE / Getty Wirecard, a valuable German financial technology firm, filed for bankruptcy on Thursday as it battles a major accounting scandal. According to auditors, more than $ 2 billion disappeared from the company’s balance sheet, and Wirecard later admitted that the money never existed. In a statement Thursday, …

Read More »

Former Wirecard CEO Markus Braun arrested in Germany

Munich prosecutors confirmed that Braun, the former Wirecard CEO, was arrested on suspicion of inflating the digital payments company’s balance sheet and sales through bogus transactions to make it more attractive to investors and customers. Prosecutors said Braun may have acted cooperatively with other perpetrators. Braun will be released Tuesday …

Read More »

Exclusive: Vaccine Alliance finds manufacturing capacity for 4 billion doses of coronavirus vaccines

CHICAGO (Reuters) – An influential epidemic preparedness and response foundation supporting nine potential coronavirus vaccines has identified manufacturers with the capacity to produce four billion doses a year, the group’s top manufacturing expert told Reuters. FILE PHOTO: This illustration, taken on April 10, 2020, shows small bottles labeled with a …

Read More »