AFP
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Airbus and Boeing race to boost aircraft production
Airbus and Boeing both stepped up deliveries of commercial aircraft in the first half of this year, boosting revenue as they strive to ramp up production to meet demand from airlines. As airlines have announced major new orders in response to robust travel demand following Covid-19 lockdowns, Airbus and Boeing have had trouble boosting production.
Why Musk's 'X' will struggle to become a Chinese-style super-app
Elon Musk is rebranding his Twitter platform as "X" and wants to create a super-app where users will do all their finances as well as their socialising. - Why is Musk so obsessed with the super-app?
Jeep owner Stellantis posts record profit on higher prices
US-European auto giant Stellantis, whose brands include Jeep, Fiat and Peugeot, reported Wednesday a record net profit in the first six months of the year, boosted by higher prices for its vehicles. Shipments of luxury brand Maserati, which had struggled following the Peugeot-Fiat Chrysler merger that created Stellantis in 2021, rose by more than five percent at 15,300 vehicles.
Spurs owner Lewis arrested ahead of US court appearance
The British billionaire owner of Premier League side Tottenham, Joe Lewis, was arrested on Wednesday ahead of a court appearance in New York on insider trading charges, US prosecutors said. Lewis's holding company ENIC bought a controlling interest in Tottenham in 2001 from then-owner Alan Sugar, another prominent British tycoon. pdh/bgs
Rafale sales help France reach arms exports record
France said Wednesday its arms exports hit a record last year, helped by Rafale aircraft sales, in a context of rising global defence spending after Russia's invasion of Ukraine. The French arms exports record comes as global military spending is higher than at any point in the past three decades.
Growl of last combustion-engine Jaguar sports car preserved
The "unmistakeable, supercharged" sound of the Jaguar F-Type V8 will be stored for posterity in Britain's national library, the luxury car manufacturer said Wednesday, as it moves towards a quieter, electric future.
Russian cybersecurity firm founder jailed on treason charges
Russia on Wednesday sentenced Ilya Sachkov, co-founder of the Group-IB cybersecurity firm, to 14 years in prison on treason charges, according to an AFP journalist in the Moscow court.
Boeing shares rise despite Q2 loss as it boosts plane production
Boeing reported a $149 million second-quarter loss Wednesday following delays and cost issues in its defense and space program, but shares rallied on increased commercial jet deliveries. The company's defense, space and security business also experienced an operating loss, hit by delays in the Starliner spacecraft and increased costs connected to the T-7A jet trainer program.
Stocks, dollar retreat before Fed rate decision
Major stock markets mostly retreated Wednesday as a China-induced rally gave way to cautious trading ahead of a Federal Reserve policy decision, with fresh data reviving the possibility of more US rate hikes before the end of the year. The Paris stock market fared worse than London and Frankfurt on Wednesday, shedding nearly two percent in afternoon deals.
AFP
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