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EasyJet boss hits out over French air traffic walkouts
The boss of British no-frills airline EasyJet on Thursday bemoaned "unacceptable challenges" for staff and passengers resulting from strike action by air traffic controllers in France earlier this month. Strikes by French air traffic controllers in early July brought chaos to European skies, with flights for hundreds of thousands of people cancelled as the summer holiday season gathered pace.
Volvo Cars swings into loss on electric vehicles, tariffs
Volvo Cars announced on Thursday it had swung into loss in the second quarter, after it took an impairment charge for its electric cars, booked restructuring charges and dealt with a slower, tariff-troubled market. Volvo Cars announced in April an 18-billion-kronor cost-cutting plan, part of efforts to navigate a car market buffeted by US tariffs and a costly switch to electric vehicles.
US senators approve $9 billion of Elon Musk's federal cuts
The US Senate approved early Thursday a package of spending cuts proposed by President Donald Trump that would cancel more than $9 billion in funding for foreign aid programs and public broadcasting.
Dairy giant New Zealand endures butter price shock
Butter prices have soared in dairy export giant New Zealand, latest figures showed Thursday, with local supplies cut short as the industry chases fatter profits overseas. But while New Zealand consumers were feeling the price pinch, the overall economy was benefiting as exporters creamed off larger profits from sales overseas.
Taiwan's TSMC says second quarter profit up 60%
Taiwanese chipmaking giant TSMC reported Thursday a forecast-beating 60 percent rise in net profit for the second quarter on sustained demand for artificial intelligence technology. Second quarter revenue was up 39 percent on-year, also beating forecasts.
China moves to tame 'irrational competition' as EV price war persists
Chinese officials are seeking to tame the country's swelling electric vehicle industry with policies to prevent "irrational competition", state media said, as a brutal price war ensnares top automakers.
'Shop local': Bad Bunny brings tourism surge to Puerto Rico
The day before Bad Bunny kicked off his blockbuster residency that's expected to bring hundreds of millions of dollars to Puerto Rico while showcasing its rich culture, he posted a simple message: Shop Local.
Japan's Sega eyes return to 1990s gaming glory
The big-screen success of 1990s video game speedster "Sonic the Hedgehog" has brought new fans to Japan's Sega, which says it is poised for a comeback after two tough decades. It followed the first live-action "Sonic" movie in 2020, as Sega cashes in on a video-game movie craze that saw "The Super Mario Bros.
Asian stocks struggle as traders eye Fed saga, trade war
Asian markets fluctuated Thursday after a rollercoaster day on Wall Street punctuated by fears Donald Trump was considering sacking the head of the US Federal Reserve. Asian markets struggled to build on Wall Street's lead.
AFP
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