Chinese-owned luxury carmaker Lotus said Thursday that it planned to cut up to 550 UK jobs, in part over uncertainty caused by US President Donald Trump's tariffs. The carmaker, which is majority owned by Chinese auto giant Geely, has several sites in the UK, including its headquarters in Hethel, eastern England.
More than 10 million Australians were cut off from internet and phone services on Wednesday after unexplained outages struck one of the country's largest communications companies. Optus, Australia's second-largest telecoms firm with more than 10 million customers, had struggled through the day to bring its systems back up.
The Association of Bureau de Change Operators of Nigeria (ABCON) has asked black market operators and speculators to brace up for more pains from CBN.
Plans to expand oil, gas and coal production by major fossil fuel countries would push the world far beyond the Paris deal's 1.5C global warming limit, the UN warned Wednesday. It found that planned increases in production in these countries would produce 460 percent more coal, 82 percent more gas, and 29 percent more oil than would be in line with the 1.5C limit.
With companies cutting back on office space as working from home remains popular, Europe's biggest business district is looking to students to fill the void left by workers. Covid lockdowns emptied offices and with most companies still allowing employees to partially work from home, the number of staff toiling in offices has never fully recovered in business districts around the world.
An elegant Thai socialite poses in sunglasses, a designer handbag discreetly visible in the Instagram photo, her stylish outfit completed by a pair of... elephant print pants? "Elephant-patterned pants go with anything -– just pair them with a T-shirt," she said.
Asian markets fluctuated Wednesday as investors tried to figure out the Federal Reserve's interest rate plans, while demand concerns saw oil prices struggling to recover from the previous day's plunge. But Asian investors were more circumspect, with some markets drifting in and out of positive territory.
The Egyptian Theatre, which hosted Hollywood's first-ever red carpet premiere in its faux hieroglyph-adorned courtyard more than a century ago, reopens this week under the new ownership of Netflix. Organizers installed dazzling lights to lure a crowd, and rolled a red carpet across the theater's courtyard for VIP guests including Charlie Chaplin.
An exceptionally rare blue diamond went under the hammer in Geneva Tuesday, selling for more than $40 million, making it one of the most expensive diamonds ever sold at auction, Christie's said. Fancy vivid blue diamonds weighing more than 10 carats are exceptionally rare.
The world's top management consultancy McKinsey & Company is using its position as a key advisor to the UN's COP28 climate talks to push the interests of its big oil and gas clients, undermining efforts to end the use of the fossil fuels driving global warming, according to multiple sources and leaked documents.
Economy
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