Latest

Striking Boeing workers aim to restore old retirement program
Striking Boeing workers aim to restore old retirement program
Economy
by  AFP

Some 33,000 Boeing workers have been on strike for seven weeks after twice voting down labor contracts, with the latest rejected offer featuring a 35 percent wage hike. Under the latest contract offer, which workers rejected on October 23, Boeing included a provision increasing the employer match.

Meta shows strong growth as AI spending surges
Meta shows strong growth as AI spending surges
Economy
by  AFP

Facebook owner Meta saw net income and revenues top expectations on Wednesday as the company said it would expand investments into artificial intelligence, drawing nervousness from investors. Like its Big Tech peers, Meta is rushing into artificial intelligence as it tries to build revenue streams away from its social media core business.

Microsoft beats expectations, but AI concerns force shares down
Microsoft beats expectations, but AI concerns force shares down
Economy
by  AFP

Microsoft delivered solid quarterly results on Wednesday, beating analyst expectations with revenue jumping 16 percent to $65.6 billion, but questions were raised about the company's big spending on the AI boom. During the quarter, Microsoft also returned $9.0 billion to shareholders through dividends and share repurchases, helping pump up share value.

Argentina hit by massive transport strike
Argentina hit by massive transport strike
Economy
by  AFP

Planes, trains, trucks and taxis ground to a halt in Argentina on Wednesday in a major one-day strike over President Javier Milei's austerity policies. The unions called the protest over Milei's plans to privatize national flag carrier Aerolineas Argentinas and to denounce spiraling poverty levels since he took office late last year.