Lufthansa sees earnings boost from strong summer travel
German airline group Deutsche Lufthansa (LHAG.DE) said it expected strong demand for holiday travel this summer to fill seats on its planes and help it reach its full-year targets.
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From tea to ketchup, some shelves lie empty as retailers struggle to predict demand
A “salad crisis” affecting British supermarkets hit headlines earlier this year but shoppers across Europe and the Middle East seeking some basic groceries – from pasta to beer to toothpaste – are ...
Musk threatens to reassign NPR Twitter account, NPR says
Twitter chief Elon Musk has “threatened” to reassign National Public Radio’s Twitter account to another company, the US-based broadcaster said on Tuesday.
Musk suggested that he would reassign the ...
‘Plagiarism machines’: Hollywood writers and studios battle over the future of AI
Hollywood writers have for decades penned sci-fi scripts featuring machines taking over the world. Now, they are fighting to make sure robots do not take their jobs.
The Writers Guild ...
Soft lending and inflation data pave way for smaller ECB hike
Euro zone banks are turning off the credit taps and a key gauge of inflation is finally falling, data showed on Tuesday, boosting the case for a smaller interest-rate increase ...
HSBC rewards shareholders with dividend, buyback as profit triples
HSBC Holdings (HSBA.L) reported on Tuesday its quarterly profit tripled, beating expectations, as rising interest rates worldwide boosted the lender’s income and helped it pay a first quarterly ...
Hollywood writers strike over pay in streaming TV ‘gig economy’ (Updated)
Thousands of film and television writers headed to picket lines on Tuesday for their first work stoppage in 15 years, sending Hollywood into turmoil and disrupting TV production as the industry ...
Digital coins lure inflation-weary Argentines and Turks
Can inherently volatile cryptocurrencies become safe-havens? Apparently they can in some parts of the world, such as Argentina and Turkey, where soaring prices and tumbling local currencies have forced people ...
Qatar Airways could grow to 255 routes depending on aircraft deliveries
Qatar Airways could expand its number of destinations to more than 255 from 170 currently under plans for rapid growth, but its ability to do so depends on the delivery of additional ...
Too high for comfort: Five questions for the ECB
Inflation in the euro area is too high for comfort, meaning markets expect the European Central Bank to deliver its seventh straight interest rate hike on Thursday.
With some stability ...
Currencies in limbo awaiting packed week of central banks
Currencies were in limbo on Monday as holidays in most of Asia made for thin trading, while traders braced for a packed week of central bank meetings that would offer ...
Why are Hollywood writers threatening to strike?
Hollywood writers and the film and television studios are racing to agree to a new contract to replace the one that expires at 11:59 p.m. Pacific time Monday. If they ...
JPMorgan to buy First Republic’s assets and assume deposits
JPMorgan Chase & Co (JPM.N) will buy most of First Republic Bank’s (FRC.N) assets in a last-ditch rescue led by US regulators, marking the third major US ...
Italy approves May Day labour package amid union criticism
Italy’s right-wing government on Monday approved measures to boost job creation and workers’ pay, amid hostile reactions from unions and opposition parties over accompanying welfare cuts and looser rules ...
US Treasury encouraged by First Republic resolution, says banking system remains sound
The U.S. Treasury Department is encouraged that First Republic Bank FRC.N was resolved with the least cost to the Deposit Insurance Fund, and believes the U.S. banking ...
JPMorgan snaps up First Republic’s assets in US auction
JPMorgan Chase & Co JPM.N said on Monday it will buy most of First Republic Bank’s FRC.N assets after regulators seized the troubled lender at the weekend, ...
Skilled, educated and washing dishes: how Italy squanders migrant talent
Marilyn Nabor, an experienced high school mathematics teacher in the Philippines, moved to Italy 14 years ago with high hopes of honing her craft in the country of Galileo and Fibonacci.
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Moving away from the dollar: the impact of sanctions and technology
By Maria Demertzis
“Every night I ask myself why all countries have to base their trade on the dollar,” Brazil’s President Lula da Silva said in a 13 April speech ...
Another scandal at the World Bank
By George M. Georgiou
In 2021 the World Bank became embroiled in a scandal involving its flagship publication Doing Business. An independent investigation by the law firm WilmerHale, published in September 2021, ...
Sony expects profit to slip after record year
Sony Group Corp (6758.T) said on Friday it expects this business year’s operating profit to slip from a record high as lower income from financial services offsets gains in ...
Inside Meta’s scramble to catch up on AI
As the summer of 2022 came to a close, Meta CEO Mark Zuckerberg gathered his top lieutenants for a five-hour dissection of the company’s computing capacity, focused on its ability ...
The quest for hypersonic and hydrogen-fuelled air travel
By Tom Cassauwers
The passenger planes of today are based on designs that have been fundamentally the same for decades. This means that flight times have also changed very little.
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Nvidia releases software tools to help chatbots watch their language
Nvidia Corp (NVDA.O), a major supplier of chips and computing systems for artificial intelligence, on Tuesday released a set of software tools aimed at helping chatbots watch their language.
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Amazon sees cloud slowdown in April, shares erase gains
Amazon.com Inc (AMZN.O) signaled on Thursday its long lofty cloud growth would slow further as its business customers braced for turbulence and clamped down on spending, overshadowing the ...