BUSINESS

Rail traffic comes to a standstill as German train drivers strike again

Fears Over Economy Grow As German Rail Begins Longest Strike

Transport Minister Volker Wissing has slammed as "destructive" the six-day industrial action that heaps further pressure on supply chains that are already facing disruption because of attacks by Yemen's Houthi rebels on shipping via the Red Sea.

Netflix Subscribers Jump Despite Price Hikes

Netflix says that despite the long strikes by actors and writers in Hollywood it has a strong line-up of content set for release in 2024
Netflix finished 2023 with slightly more than 260 million subscribers worldwide, with a profit of $938 million in the final quarter versus just $55 million in the same period a year earlier.
Regulators have heightened scrutiny on Boeing following a scare on an Alaska Airlines plane this month when a panel came off mid-flight and forced an emergency landing

FAA Recommends Inspections For More Boeing Models

The US Federal Aviation Administration has recommended that airlines inspect door plugs on Boeing 737-900ER jets after a blowout on another type of aircraft with a similar mid-cabin exit earlier this month.
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ECB president Christine Lagarde said last week rates had likely reached their peak but that it was too soon to 'shout victory' on inflation

ECB To Signal No Rush To Cut Interest Rates

European Central Bank policymakers are expected to keep interest rates steady on Thursday and signal they are in no hurry to start slashing borrowing costs despite progress against inflation.
Reports said Sony was unhappy with Zee's performance since the merger was agreed in 2021

Sony 'Terminates' Indian Merger With Zee

Sony "terminated" on Monday the $10-billion merger of its Indian operations with local rival Zee Entertainment that would have created a new streaming giant in the world's most populous nation.
Strong forward guidance from chip titan TSMC has boosted tech firms including Samsung and Nvidia

Markets Track Wall St Rally But China Worries Cast Shadow

Markets mostly rose Friday following a tech-led rally on Wall Street that helped soothe traders' concerns that the Federal Reserve will likely not cut interest rates, though China's economic woes dragged on Hong Kong and Shanghai.
Epic Games chief executive says the Fortnite maker plans to challenge Apple's move to allow iPhone app makers to use alternate payment systems, but charge a fee on transactions nonetheless

Apple Loosens Grip On IPhone Apps - With A Catch

After a years-long legal battle, Apple says it will begin allowing iPhone app developers to use alternative payment systems -- but they will still have to pay fees and meet various conditions.
A forecast-beating US retail sales report underlined the resilience of consumers in the face of elevated interest rates, dealing a blow to hopes for a cut by March

Markets Swing On Dimming Rate Cut Hopes, Weak China Outlook

A lack of meaningful measures by Beijing to boost China's economy was adding to the frustration, with growth for the world's second-largest economy in 2023 coming in at its slowest rate in more than three decades, excluding the pandemic years.
India's newest airline Akasa Air has ordered 150 Boeing 737 MAX planes

India's Akasa Air Orders 150 Boeing Planes: CEO

The deal is a shot in the arm for US aviation giant Boeing, which is under intense global scrutiny over its 737 MAX 9 jet, after a scare on an Alaska Airlines jet in early January when a panel came off mid-flight and forced an emergency landing.
Google search vice president Cathy Edwards shows off an AI-powered feature that lets users do online searches by circling things they see in apps on Samsung's new Galaxy flagship phones

Samsung Turns To AI To Regain Smartphone Throne

Samsung on Wednesday released its latest Galaxy smartphones with new artificial intelligence features as the South Korean giant seeks to win back its spot as the world's biggest phone seller from Apple.
The US-UK strikes in Yemen fanned worries about a wider conflict in the oil-rich Middle East that could hit oil supplies

Oil Prices Surge On Red Sea Escalation

Oil prices surged four percent on Friday after US and UK forces launched strikes against Iran-backed Houthi rebels following their attacks on ships in the Red Sea, fuelling worries about a wider conflict in the crude-rich region.
Tokyo's Nikkei 225 has soared to highs not seen since 1990 as a weaker yen boosts the country's exporters and falling bond yields lift investor confidence

Stock Markets Gain, Dollar Down Before US Inflation Data

The positive vibes across Asian and European trading floors followed gains Wednesday on Wall Street, where tech firms bounced after a relatively dour start to the year and dealers were gearing up for annual earnings from the world's biggest companies.
Vinfast is looking to expand overseas but has had a rocky start

Vinfast Plans First EV Factory In India

Vietnamese carmaker VinFast said it will build its first electric vehicle factory in India as part of a planned $2 billion investment, as it looks to expand into the rapidly growing market.

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