Showing 1 - 10 of 70
Philips cuts 6,000 jobs after sleep device recall
AFP, Published on 30/01/2023
» THE HAGUE - Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide in a bid to restore profitability after a massive recall of faulty sleep respirators.
Southwest Airlines faces storm of criticism over holiday chaos
AFP, Published on 28/12/2022
» NEW YORK - More than 10,000 flights cancelled over the Christmas holiday, chaos at airports across America: Southwest Airlines found itself in the hot seat Tuesday as the airline behind the lion's share of the weather-linked travel mayhem.
Paramount says ending Simon&Schuster/Penguin deal after US antitrust ruling
AFP, Published on 22/11/2022
» NEW YORK - Paramount Global on Monday officially dropped a plan to sell its Simon & Schuster division to rival publisher Penguin Random House after a US judge blocked the $2.2 billion deal on antitrust grounds.
Rolls-Royce champions energy transition at Farnborough
AFP, Published on 20/07/2022
» LONDON: British aircraft engine maker Rolls-Royce is "championing" the energy transition and the decarbonisation of aviation, its outgoing chief executive Warren East told AFP on Tuesday at the Farnborough airshow.
Boeing outmanoeuvres Airbus at first Farnborough since Covid
AFP, Published on 22/07/2022
» FARNBOROUGH: US planemaker Boeing triumphed this week as it scooped up more orders than its European rival Airbus at the first Farnborough Airshow since aviation was ravaged by Covid.
Key Facebook force Sheryl Sandberg steps down
AFP, Published on 02/06/2022
» SAN FRANCISCO: Meta's second most powerful executive Sheryl Sandberg made the shock announcement Wednesday she will leave after a 14-year tenure that included helping steer scandal-prone Facebook to advertising dominance.
McDonald's to exit Russia, sell business in country
AFP, Published on 17/05/2022
» NEW YORK: American fast-food giant McDonald's said Monday it will exit Russia in the wake of the Ukraine invasion, ending a more than three-decade run begun in the hopeful period near the end of the Cold War.
China gives long-awaited approval to Boeing 737 MAX after crashes
AFP, Published on 03/12/2021
» NEW YORK: Chinese authorities approved the Boeing 737 MAX to resume service on Thursday, according to a government directive seen by AFP, removing a major uncertainty surrounding the American aviation giant's comeback after a lengthy slump.
Bezos leaves enduring legacy as he steps away as Amazon CEO
AFP, Published on 04/07/2021
» WASHINGTON: As he prepares to blast off into a new career stage, Jeff Bezos leaves an enduring legacy after transforming Amazon from a modest online bookseller into one of the world's most powerful corporations.
Amazon may be exception to global tax rules
AFP, Published on 09/06/2021
» PARIS: The Group of Seven wealthy nations may have endorsed a plan to ensure the world's biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape it.