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Mass cancellations loom despite French air union cancelling strike
Hundreds of flights were cancelled at French airports Thursday despite the country's main air traffic controllers' union dropping a call for a one-day strike after making a deal for higher pay.
TikTok to fight US ban law in courts
TikTok's CEO vowed Wednesday to fight in the courts to overturn a newly signed US law that could see the popular app banned due to allegations it is controlled by the China government. "We will keep fighting for your rights in the courts.
TikTok suspends rewards programme after EU probe
TikTok on Wednesday announced the suspension of a feature in its spinoff TikTok Lite app in France and Spain that rewards users for watching and liking videos, after the European Union launched a probe.
France's Casino supermarket chain to axe up to 3,200 jobs
French supermarket group Casino said Wednesday it would axe between 1,300 and 3,200 jobs as part of a reorganisation following its recent takeover led by Czech billionaire Daniel Kretinsky. That ended with the arrival in March of Kretinsky at the head of a group of main creditors who oversaw a debt restructuring deal.
Mired in crisis, Boeing reports another loss
Troubled aviation giant Boeing reported a first-quarter loss of $343 million on Wednesday, reflecting recent safety troubles that have slowed production and deliveries. "Our first quarter results reflect the immediate actions we've taken to slow down 737 production to drive improvements in quality," said Chief Executive Dave Calhoun, who will step down at the end of 2024.
Italy fines Amazon over 'recurring' purchase option
Italy's competition authority said Wednesday it had fined two Amazon companies 10 million euros ($10.6 million) for unfair commercial practices, for pushing customers into agreeing to "recurring" rather than "one-time" purchases online.
Malaysian airline mogul Fernandes delays retirement
Malaysia's Tony Fernandes, one of Asia's most prominent entrepreneurs, has decided to extend his contract as chief executive of Capital A, the firm said Wednesday, after the board persuaded him to delay his planned retirement.
EU opens probe into China's medical device market
The European Union has launched an investigation into Chinese public procurement of medical devices, the EU's official journal said Wednesday, in a move that risks raising further tensions with Beijing. It is the first probe under the EU's International Procurement Instrument which seeks to promote reciprocity in access to international public procurement markets.
Heineken beer sales pop but hazy days ahead
Dutch brewer Heineken said Wednesday its beer sales were up but saw a "challenging and uncertain" economic outlook and couldn't guarantee the same growth for the rest of the year. "We continue to see the economic environment as challenging and uncertain, and will remain agile and focused," he said.
AFP
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