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Buoyed by past success, new CEO Kelly Ortberg will try to turn Boeing around
Aviation experts and analysts have been full of praise for Kelly Ortberg, who returns from early retirement Thursday to take up the challenge of turning Boeing around after a series of quality and financial issues.
Warner Bros. Discovery stock plunges on $10 bn quarterly loss
Warner Bros. Warner Bros.
Family of France's 'Mr Titanic' sues OceanGate submersible operator
The family of French deep-sea explorer Paul-Henri Nargeolet has filed a $50 million lawsuit against the operator of the submersible that imploded during a dive to the Titanic last year, killing him and four other people. Tony Buzbee, one of the attorneys bringing the case, said the lawsuit, which was filed on Tuesday with a court in Seattle, "alleges serious issues with the Titan submersible."
Chile's largest steelmaker suspends production, blames China
Chile's largest steel plant announced on Wednesday that it had suspended operations because it could not sustain itself financially, despite new tariffs on Chinese steel meant to protect local production.
Health experts urge Olympics to cut ties with Coca-Cola
Two health experts on Wednesday urged Olympic organisers to cut ties with Coca-Cola, saying the current big money sponsorship deal allows the US company to "sportswash" unhealthy sugary drinks. "It's time for the International Olympic Committee (IOC) to cut ties with Coca-Cola in the interest of athletes, spectators and the planet."
Disney beats quarterly revenue estimates, turns streaming profit
Disney reported Wednesday better revenues than anticipated in the most recent quarter, atop a first profit in its streaming business, while its theme parks came under pressure. Looking ahead, Disney said it is still "on track for the profitability of our combined streaming businesses to improve" in the fourth quarter.
Expect more product placement at Olympics, says IOC
The Olympics is set to feature more and more high-profile product placement in a major departure from the past when brands were kept away from the sport, the International Olympic Committee (IOC) said Wednesday. But no advertising has been allowed on sports fields or at venues, depriving the Switzerland-based IOC of extra revenue.
'Miseries of the Balkhash': Fears for Kazakhstan's magical lake
Seen from the sky, with its turquoise waters stretching out into the desert expanses in the shape of a crescent, you can see why they call Lake Balkhash the "pearl of Kazakhstan". Beijing is a key economic partner for Kazakhstan but it is less keen to collaborate on water issues.
Hong Kong's Cathay unveils deal to buy up to 60 aircraft
Hong Kong carrier Cathay Pacific said Wednesday it would buy up to 60 Airbus A330-900 aircraft as it looks to build on a post-Covid recovery and reach pre-pandemic passenger numbers in the new year.
AFP
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