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Author's articles
United to trim US capacity as profits rise
United Airlines reported higher quarterly profits Wednesday but announced it would trim US capacity later this year as the industry contends with a seat glut that has pressured fares. While airlines have described travel demand as still robust, carriers have pointed to an excess number of available seats that have pressured fares in the United States.
Dinosaur skeleton breaks auction record with $44.6 mn sale in New York
The largest stegosaurus skeleton ever found, nicknamed Apex, sold for a record breaking $44.6 million at auction in New York on Wednesday, Sotheby's said. The previous auction record of $31.8 million for a dinosaur skeleton was set in 2020 for a Tyrannosaurus Rex nicknamed "Stan."
US unveils Americas-wide plan to boost semiconductor production
Secretary of State Antony Blinken unveiled Wednesday a new plan for countries in the Americas to boost production of semiconductors, which are critical just about everywhere in modern industry and a sector dominated by China.
South Korea's KHNP wins multi-billion-dollar Czech nuclear tender
South Korean power giant KHNP has won a tender worth billions of dollars to build two nuclear units at a Czech power plant, Czech Prime Minister Petr Fiala said on Wednesday. Fiala said the price offered by KHNP beat expectations, reaching around 200 billion Czech koruna ($8.65 billion) per unit if two units are built.
EU court rejects TikTok challenge against new EU digital rules
TikTok lost an appeal Wednesday to escape new digital rules that seek to rein in the power of big tech after an EU court rejected its challenge. It is the second defeat in the courts for TikTok over the DMA. It lost a bid in February to suspend the strict new rules pending the judgement handed down Wednesday.
Urban streetwear brand Supreme to go to French-Italian group
World eyewear leader EssilorLuxottica has agreed to buy Supreme, an American fashion and lifestyle brand focused on streetwear, by the end of the year, it said Wednesday. New York-based Supreme, whose trademark style focuses on a skateboarding lifestyle and pop-culture iconography, has been particularly successful with young affluent customers.
Richemont: luxury group in sights of LVMH'S Arnault?
The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of takeover rumours which its founder, the South African billionaire Johann Rupert, always dismisses.
Boeing workers to vote on authorization of potential strike
Tens of thousands of Boeing hourly workers have been called Wednesday for a vote in Seattle expected to authorize a potential labor strike if ongoing contract negotiations stumble. The IAM says the early strike authorization vote will also provide legal notice to union officials to be prepared to administer strike pay to workers if a stoppage is called.
Spain's Aragon, Europe's new cloud storage oasis
The world's biggest technology firms are investing billions in cloud storage facilities in the northeastern Spanish region of Aragon, drawn to its abundance of renewable energy sources. At the end of May, Amazon said it was investing 15.7 billion euros ($17 billion) in the region through its AWS cloud computing division to expand its three existing data centres in Aragon, set up since 2022.
AFP
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