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Business and Economy

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...

Google has illegal monopoly over internet search, US judge rules

The case depicted Google as a technological bully that methodically thwarted competition to protect its search engine.A judge in the United States has ruled...

Who are the protesters demanding an end to job quotas in Bangladesh?

Bangladesh has been rocked by student protests for nearly three weeks. Since July 1, university students have been protesting across the country to demand the...

Passengers to US government: Air travel is getting worse

Complaints to US government from travellers are the highest since the COVID pandemic when airlines were slow to refund.Air travel got more miserable last...

EU imposes tariffs of up to 38% on Chinese electric vehicles

Volkswagen, Europe’s biggest carmaker, warns extra duties will not strengthen Europe’s auto industry.The European Union has imposed extra duties of up to 37.6 percent...

Nike stock plunges on surprise forecast of drop in sales

It was the worst day ever for the stock with losses wiping out $28.4bn from Nike’s market valuation.Nike’s stock has plunged as a forecast...

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