AFP
13876 articles published since 08 Mar 2022
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US private sector job growth slows in November
Hiring in the US private sector eased in November, as the post-pandemic boom in restaurant and hotel employment moderated, payroll firm ADP said Wednesday. "Restaurants and hotels were the biggest job creators during the post-pandemic recovery," ADP Chief Economist Nela Richardson said in a statement.
Volkswagen to reduce workforce as it chases profits
Volkswagen said Wednesday it would cut its workforce over the coming years as the German auto giant seeks to boost its profitability and reboot a faltering shift to electric cars. "Over the coming years, we will need to reduce our workforce in a socially responsible way," the group's human resources chief Gunnar Kilian said.
Twitch to shut down in SKorea over 'seriously' high fees
US-based streaming platform Twitch said Wednesday it would stop its service in South Korea in February because of "seriously high" network costs, dealing a blow to millions of users in one of the heartlands of e-sports. "The cost of running Twitch in South Korea is currently seriously high," said the statement.
EU proposes three-year delay on UK electric car tariffs
Brussels proposed Wednesday a three-year delay on tariffs on the sale of electric vehicles between Britain and the EU that was meant to kick in from January, in a major reversal of its previous position. "This removes the threat of tariffs on export of EU electric vehicles to the UK and vice versa on 1st January 2024."
Record passengers as airline industry recovers from pandemic
Airlines should carry a record number of passengers next year as the sector puts the Covid-19 pandemic behind it, the industry's top trade association said Wednesday, although profitability remains a concern. Walsh called the figures a "tribute to aviation’s resilience" but said the industry's profits need to be put into perspective.
German travel group TUI books record year for sales
The world's largest tourism operator TUI said Wednesday it had seen record sales on the back of a strong 2023 summer season and signalled confidence for the coming year. The return to form came on the back of record sales totalling 20.7 billion euros, a 25-percent increase on the previous year.
COP28 fossil fuel debate sizzles as world marks record hot year
With 2023 confirmed to be the hottest year on record by Europe's climate monitor, the temperature was also rising on Wednesday for negotiators thrashing out the thorny issue of fossil fuels at COP28 in Dubai. Europe's climate monitor on Wednesday said this year will be the hottest in recorded history after November became the sixth record-breaking month in a row.
Southeast Asia banks on aviation boom
Major airport expansion projects are taking off across Thailand, Cambodia and Vietnam, and a new airline is set to launch next year -- all banking on an expected boom in air travel in Southeast Asia, fuelled by Chinese and Indian tourists. - Airport boom - Southeast Asia is becoming a hot property, with private and public players competing for an expanding market.
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