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3M to cut 2,500 jobs as it girds for tougher economy
3M announced Tuesday it will cut 2,500 manufacturing jobs as the industrial giant reported lower profits and offered a lackluster 2023 outlook based on weakening demand. "Based on what we see in our end markets, we will reduce approximately 2,500 global manufacturing roles –- a necessary decision to align with adjusted production volumes," he said.
Justin Bieber sells music rights for $200 mn
Pop juggernaut Justin Bieber has sold his music publishing and recording catalog shares to the Blackstone-backed Hipgnosis Songs Capital for $200 million, the company said Tuesday -- marking the industry's latest blockbuster rights deal.
Europe's JUICE spacecraft ready to explore Jupiter's icy moons
Europe's JUICE spacecraft is all ready to embark on an eight-year odyssey through the Solar System to find out whether the oceans hidden under the surface of Jupiter's icy moons have the potential to host extraterrestrial life. If one of the moons prove to be a particularly good candidate to host life, the "logical next step" would be to send a spacecraft to land on the surface, Cavel said.
Eurostar recovery hampered by post-Brexit checks
Cross-Channel train operator Eurostar complained Tuesday that slower post-Brexit passport checks for travellers are forcing it to run some services almost one-third empty. But the cross-Channel route from Paris and from Amsterdam to London is still being held back by the consequences of Brexit, with travellers facing longer passport checks.
Uganda launches first oil drilling programme
Uganda on Tuesday officially launched an oil drilling programme as it seeks to join the club of crude-producing nations with a mega-project that has incensed environmental groups. The overall project is being jointly developed by CNOOC as well as France's TotalEnergies, along with the state-owned Uganda National Oil Company.
EU eyes more help for shrinking bee populations
The EU on Tuesday announced proposals to try to reverse an "alarming decline" in the number of bees -- and other insects that pollinate the bloc's crops -- including by rewarding organic farming.
Twitter sued over 'unpaid rent' on London office
Twitter's British landlord said Tuesday it is taking the social media to court for not paying rent on its central London offices. He sacked half of the staff and reportedly stopped paying rent for office space to try to raise funds after taking on massive debt to buy the company.
Trial tests Norway's control of Arctic Svalbard resources
Norway's Supreme Court began hearing a sensitive case Tuesday that could set a legal precedent for the control of natural resources around the strategically important Svalbard archipelago in the Arctic. In 2019, the Supreme Court had upheld a fine imposed on the company but did not specifically address the sensitive question of resource rights with regard to the 1920 treaty. phy/map/po/rl
Hopes grow that eurozone will dodge recession
Europe's economy grew in January for the first time since June, a closely watched survey showed Tuesday, raising hopes that the eurozone will avoid a recession this winter.
AFP
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