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Electrolux to cut 3,000 jobs as sales fall
Swedish home appliances maker Electrolux said Thursday it plans to cut some 3,000 jobs as it reported lower sales in the third quarter. In October last year, it announced it would cut 4,000 jobs worldwide but mainly in North America.
GM's Cruise pauses driverless car operations after California ban
US vehicle company Cruise has suspended all operations of driverless cars, the subsidiary of auto giant General Motors said Thursday, days after California authorities halted testing of its driverless cars in the state. California on Tuesday suspended testing of Cruise autonomous vehicles as robotaxis citing safety concerns following a series of accidents.
Tesla workers strike in Sweden over union demands
Tesla mechanics in Sweden walked off the job on Friday to protest against the electric carmaker's refusal to sign a collective wage agreement, the metalworkers union said. Pettersson said Tesla informed them Tuesday it would not sign a collective bargaining agreement, adding that the carmaker told the union they "don't do that anywhere in the world."
UK's NatWest bank showed 'serious failings' over Farage: probe
UK bank NatWest displayed "serious failings" in its treatment of the banking affairs of arch-Brexiteer Nigel Farage, an independent probe found Friday. NatWest chairman Howard Davies admitted the lender had made "serious failings" in the treatment of the politician.
Eni profits slump on lower oil and gas prices
Italian energy giant Eni said Friday its net profit fell 67 percent to 1.91 billion euros in the third quarter of 2023, hit by falling oil and gas prices. Like its competitors, Eni benefited last year from the spike in gas and oil prices linked to the war in Ukraine, posting a record net profit of 13.8 billion euros.
Britain's iconic red phone boxes get new lease of life
In a workshop packed with historic memorabilia, from rusty petrol pumps to vintage enamel signs, Carl Burge skillfully applied the finishing touches to the red British telephone box he was restoring. One turned into many, and now Burge is working on restoring several telephone boxes at a time.
Markets rise on tech bounce hope, inflation in focus
Asian markets rose Friday after strong earnings from two tech titans provided hope for a bounce on Wall Street, while traders were also steeling themselves for key US inflation data. But blockbuster earnings from Amazon and Intel after the markets closed -- and a surge in after-hours trade -- provided Asian traders with hope for a bounce in New York at the end of the week.
Apple Watch models face US import ban in patent clash
Medical technology company Masimo Corp. on Thursday said a US trade commission has recommended banning imports of Apple Watch models that infringe its light technology for detecting blood oxygen levels. The order stemmed from a complaint made to the commission in mid-2021 accusing Apple Watch of infringing on its patented technology for "light-based oximetry functionality."
Surging falsehoods seek to dent Western aid to Ukraine
From fake street art to doctored media reports demonizing President Volodymyr Zelensky, a torrent of online disinformation seeks to erode Western support that is crucial for Kyiv's war effort against Russia.
AFP
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