BUSINESS

Members of the International Association of Machinists and Aerospace Workers District 751 voted overwhelmingly on September 12 to reject a new contract, walking out hours later in a stoppage that has shuttered assembly plants for the 737 MAX and 777.

Two days after the US Federal Reserve slashed rates for the first time since the start of the pandemic, the BoJ's stasis came as data showed inflation in the world's fourth-largest economy picked up as expected in August.

The firms along with several researchers and industry bodies signed an open letter claiming that Europe was already becoming less competitive and risked falling further behind in the age of AI.

Snapchat, the popular teen-focused social network, is positioning itself as a healthier alternative to platforms like Instagram and TikTok, which have faced criticism for their impact on youth mental health.

The furloughs, which pertain to executives, managers and employees, will be initiated in the coming days and affect tens of thousands of Boeing employees, company officials said.

Some Brazilian users were surprised to once again have access to the platform, formerly Twitter, from their phones after a Supreme Court judge last month ordered its suspension in a bitter legal standoff with Musk.

The Alphabet-owned video-sharing platform popular on computers, tablets and smartphones has been gaining audiences on televisions as "smart" TVs linked to the internet have become common.

The engine defect in the Airbus A350 plane that led to the cancellation of dozens of Cathay Pacific flights in early September could have escalated into "extensive damage", according to a Hong Kong probe released Thursday.

The commission, the EU's influential competition regulator, said it "takes note" and would "carefully study the judgment and reflect on possible next steps" -- which could include an appeal.

Senior officials at the US central bank including Fed chair Jerome Powell have in recent weeks indicated that a rate cut is coming this month, as inflation eases toward the bank's long-term target of two percent, and the labor market continues to cool.

The strategically located Indian Ocean country suffered its worst financial meltdown in 2022, when it ran out of dollars to import essentials, sparking street protests that toppled the then-president Gotabaya Rajapaksa.

Members of the IAM District 751 have been picketing 24 hours a day following the walkout early Friday morning, shuttering factories in Renton and Everett that assemble the 737 MAX and 777.

At the mainline railway station serving the nearby East Midlands Airport, its giant cooling towers rise up seemingly within touching distance of the track and platform.

The company, known for its trademark food storage containers, has been hit by dwindling sales in recent years.

Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated.

Midea's bumper listing fueled hopes that the Hong Kong bourse can attract more top Chinese firms and regain its crown as the world's top venue for IPOs.

TikTok will attempt to convince a federal court on Monday that a law requiring the video-sharing app to divest from its Chinese ownership or face a ban in the United States is unconstitutional.

Veteran observers of climate diplomacy say uncertainty over the election outcome is stalking this November's COP29 summit, which starts just six days after voters decide between Trump and Kamala Harris.

Since taking office in December, the budget-slashing Milei has applied a drastic austerity program in a bid to rein in chronic inflation and decades of government overspending.

The firm is considering closing the plant, a move that analysts say is symptomatic of the troubles afflicting Europe's wider electric car industry, amid low demand and competition from China.

Last week Seven & i -- Japan's biggest retailer and owner of the global 7-Eleven convenience store chain -- rejected an initial buyout offer from Alimentation Couche-Tard (ACT).

The state-owned German group, which has faced mounting criticism due to creaking infrastructure and poor punctuality, said the deal would provide fresh investments into Europe's biggest economy and help pay down its monster debts.

The moves by Chinese regulators mark the latest development in a crackdown on PwC for its work with Evergrande, which has become emblematic of a protracted debt crisis in the country's real estate sector.

Environmental campaigners on Friday claimed a "huge victory" after a court ruling overturned a decision to allow planning permission for the UK's first deep coal mine in 30 years.

The elimination of mostly corporate and support roles across Microsoft Gaming is intended to "organize our business for long-term success" in the aftermath of the $69 billion acquisition, unit chief Phil Spencer told employees in a memo viewed by AFP.

Australia introduced a "combating misinformation" bill on Thursday, which includes sweeping powers to fine tech giants up to five percent of their yearly turnover for breaching online safety obligations.

More data suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for equities after another rollercoaster week that started with big losses fueled by worries the world's top economy could be heading for recession.

BMW's operations in South Africa have created around 95,000 direct and indirect jobs, as per Presidential Spokesperson Vincent Magwenya.

Led by new CEO Kelly Ortberg, the embattled aviation giant had hoped a 25 percent wage hike over four years and a commitment to invest in the Puget Sound region would avert a strike at a time when Boeing remains financially weak after myriad crises.