A Southwest commercial airliner takes off from Las Vegas on Feb. 8, 2024. Mike Blake | Reuters Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing’s airplane delays will hamper its growth into 2025. The airline expects to grow capacity 4% this … Read more
BEIJING: By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking the fight for market share beyond China. And that’s just what it is getting. Automakers are expected to launch 110 EVs and plug-in hybrids … Read more
However, 3,000 ads for “AI girlfriends” and 1,100 containing “NSFW” were live on April 23, according to Meta’s ad library. WIRED’s initial review found that Hush, an AI girlfriend app downloaded more than 100,000 times from Google’s Play store, had published 1,700 ads across Meta platforms, several of which promise “NSFW” chats and “secret photos” … Read more
Exterior view of the entrance to Merck headquarters on February 05, 2024 in Rahway, New Jersey. Spencer Platt | Getty Images Merck on Thursday reported first-quarter revenue and adjusted earnings that topped expectations as it posted strong sales of its blockbuster cancer drug Keytruda and vaccine products. The pharmaceutical giant also raised and narrowed its … Read more
Shoppers are beginning to spend more freely but it will take a cut in interest rates before sales of more expensive items such as TVs and sofas start to take off again, the boss of Sainsbury’s said. Simon Roberts, the chief executive of the group, which owns Argos and Habitat as well as its supermarkets, … Read more
Business groups led by the U.S. Chamber of Commerce sued the Federal Trade Commission (FTC), challenging its decision to ban noncompete agreements. The FTC voted 3-2 Tuesday to pass the rule blocking new noncompete agreements. The rule also requires employers to throw out existing noncompete agreements and notify current and former workers they won’t be … Read more
Mining giant Vedanta will report its fourth quarter results later in the day and the company is expected to post muted numbers, according to various analysts’ estimates. Adjusted net profit for the March quarter is likely to fall over 30% year-on-year, while revenues are seen falling up to 12% year-on-year. During the quarter under review, … Read more
The destruction of nature over the rest of the decade could trigger a bigger economic slump in Britain than those caused by the 2008 global financial crisis and the Covid pandemic, experts have warned. Sounding the alarm over the rising financial cost from pollution, damage to water systems, soil erosion, and threats from disease, the … Read more
India’s largest domestic institutional investor Life Insurance Corporation of India (LIC) has reduced ownership in at least 80 stocks, including 16 PSUs, in the March quarter with the market value of its portfolio surging to Rs 14 lakh crore. LIC was seen cutting stakes in BHEL, SAIL, Coal India, Oil India, Mahanagar Gas, MOIL, SBI, … Read more
The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250bn a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested. In a sign of growing international support for a levy on the super-rich, Brazil, Germany, South Africa and Spain … Read more
