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French cabbies seek payout for lost Olympics revenue
French taxi drivers on Thursday demanded government compensation for lost revenue during the Olympic Games as traffic disruptions and fewer regular clients weigh on demand. The unions demanded the creation of a "compensation fund" that they said should cover income lost for the seven-month period during which public spaces were being taken over for the Games.
Maersk ups profit target by $2bn on Red Sea shipping woes
Danish shipping giant Maersk said Thursday it expects its underlying profit in 2024 to be $2 billion higher than its previous forecast as freight rates have increased amid the crisis in the Red Sea. The Danish company said it was now expecting its operating profit (earnings before interest, taxes, depreciation, and amortisation or EBITDA) to come in at between $9 and $11 billion for the full year.
Gamers soak up the nostalgia as 'World of Warcraft' returns to China
Millennial gamers soaked up the nostalgia and embarked on fresh adventures in a land of orcs, mages and elves Thursday as "World of Warcraft" came back online in China. "We would chat and greet each other and spend the New Year's countdown in World of Warcraft," he said.
BP to develop new oil and gas fields in Iraq
Iraq signed an agreement with British energy giant British Petroleum on Thursday to develop four oil and gas fields in the northern province of Kirkuk. "The memorandum includes the rehabilitation and development of the four oilfields under the North Oil Company in Kirkuk: the Kirkuk oilfield, Bai Hassan, Jambur and Khabbaz oilfields," the statement said.
In world first, EU's sweeping AI law enters into force
The European Union's landmark law on artificial intelligence came into force on Thursday, which Brussels vows will drive innovation while protecting citizens' rights.
Olympics tech partner Atos posts huge loss
Debt-strapped French tech giant Atos, a key Olympics partner, on Thursday posted a 1.9-billion-euro ($2.1 billion) loss for the first half of the year due to a depreciation of assets and the end of contracts in the Americas. The first-half loss is largely due to a depreciation of assets totalling 1.5 billion euros.
South Korea union pickets outside Samsung chairman's house
Leaders of a South Korean union representing tens of thousands of workers at Samsung Electronics staged a protest Thursday outside the house of the company's chairman and heir, after fresh negotiations failed. Union executives gathered on Thursday outside Samsung Chairman Lee Jae-yong's house, holding pickets that read "Samsung Electronics' strike, Lee Jae-yong should be accountable".
Weak yen helps Toyota compensate for Japan problems
Toyota reported a modest rise in first-quarter net profits on Thursday as a weak yen and cost cuts helped the Japanese auto giant overcome a drop in production and sales in its home market. Toyota last year reported record bumper results, with net profit doubling to 4.94 trillion yen and revenues soaring by a fifth to 45.1 trillion yen, helped by strong sales of hybrid vehicles.
Police clash footage shocks Bangladesh as internet returns
When millions of Bangladeshis came back online this week after a nationwide internet shutdown, many were shocked to watch a ferocious police clampdown they had earlier only heard while bunkered in their homes.
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