Friday, November 22, 2024
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Business and Economy

Tesla’s robotaxi event was long on Musk promises, short on details

For a businessman who perpetually struggles with broken promises, Elon Musk has given himself quite a to-do list at Tesla’s long-awaited Hollywood unveiling of...

US judge orders Google to open up app store to competition

A US judge said that for three years, Google must allow users to download competing third-party Android app platforms or stores.A United States judge...

Marxist-leaning Dissanayake wins Sri Lanka’s election: What’s next?

Marxist-leaning Anura Kumara Dissanayake has taken office as Sri Lanka’s president shortly after winning the country’s election. Dissanayake, who was sworn in on Monday after...

US Fed cuts rates by larger than usual half-percentage point

Policymakers see the Fed’s benchmark rate falling by another half of a percentage point by the end of this yearThe United States Federal Reserve...

Instagram makes teen accounts private as pressure mounts

Instagram is making teen accounts private by default as it tries to make the platform safer for children amid a growing backlash against how social...

Ratings agencies warn of downgrade if Boeing strike prolonged

Boeing’s management will likely need to access new sources of liquidity in the event of a prolonged strike.Fitch Ratings and Moody’s have joined S&P...

Boeing workers ‘ready to go on strike’ if demands unmet

Boeing’s United States West Coast factory workers stood in long lines to vote on Thursday on a much-criticised new contract, some loudly calling for...

Apple launches AI iPhone as Huawei casts shadow with tri-fold phone

Apple has unveiled its artificial intelligence-boosted iPhone 16, showing off the long-awaited phone hours after Chinese rival Huawei’s tri-fold phone began racking up orders. “The...

Cathay Pacific halts flights on Airbus jets over engine component failure

Shares in engine maker Rolls-Royce fall nearly 9 percent after airline identifies the problem.Hong Kong’s Cathay Pacific Airways has started a fleet-wide inspection of...

Canada follows US, imposes 100% tariff on EVs imported from China

Ottawa to work with allies to ensure customers around the world are not unfairly penalised by nonmarket practices of countries such as China, PM...

Libya’s eastern government says oilfields closed over central bank spat

Two rival governments have been fighting for days over the central bank’s leadership, threatening a UN-brokered peace deal.Libya’s internationally-unrecognised eastern-based government is shutting down...

US inflation slows in July, clearing way for a cut in interest rates

Year-over-year inflation has reached its lowest level in more than three years in July, the latest sign that the worst price spike in four...

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