AFP
20238 articles published since 08 Mar 2022
20238 articles published since 08 Mar 2022
Boeing workers in the Seattle region decisively rejected the company's latest contract offer on Wednesday, extending the nearly six-week strike. The extension of the strike adds to the troubles facing Boeing and its new CEO Kelly Ortberg, who earlier Wednesday expressed measured optimism the latest contract would be ratified.
Microsoft's ambition to become the "Netflix of video games" faces a huge test this week with the release of "Call of Duty: Black Ops 6" on Friday. "There's really something for everyone with Black Ops 6," Stephanie Snowden, communications head at Call of Duty Studios, told AFP on the sidelines of a promotional event in London.
Asian markets were mixed Thursday following steep losses on Wall Street as a spike in US Treasury yields led investors to scale back their expectations on interest rate cuts. Sentiment has been "weighed down by the move up in yields and push back on Fed rate cut expectations", said National Australia Bank's Rodrigo Catril.
Pakistan is hoping to finalize both the delayed privatization of its flag carrier and the outsourcing of Islamabad's international airport in November, the country's finance minister said Wednesday. Speaking Wednesday, the finance minister said the five-month delay was down to two factors: ensuring macroeconomic stability, and doing the proper due diligence of the interested parties.
Tesla shares surged Wednesday after the electric car maker reported a jump in profits, as increased auto sales and lower expenses offset the drag from a drop in vehicle prices.
The United States fined Apple and Goldman Sachs a total of $89 million on Wednesday, accusing them of deceiving users of the iPhone maker's credit card. The CFPB ordered Goldman Sachs to pay at least $19.8 million in compensation and a $45 million fine, while iPhone-maker Apple was hit with a $25 million fine. elm-gc/dw
Uncertainty about the upcoming US elections had cooled economic activity across the country, the Federal Reserve said Wednesday, noting that many businesses and consumers were pausing major decisions until after Election Day.
Australian mining giant BHP on Wednesday denied responsibility for a 2015 dam collapse in Brazil, one of the country's worst environmental disasters, as it opened its defence at the High Court in London. The Australian mining giant has also said that the quality of river water contaminated by the fallout has returned to pre-disaster levels.
The European Central Bank should keep a close eye on the rise in emerging currencies like the Chinese yuan, its President Christine Lagarde said Wednesday at an event in Washington.
AFP
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