AFP
13876 articles published since 08 Mar 2022
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Ford temporarily lays off 300 more US workers due to strike
Ford announced Monday that over 300 more workers have been temporarily laid off due to "knock-on effects" from the ongoing strike against the company and two other US automakers. "Our production system is highly interconnected, which means the UAW's targeted strike strategy has knock-on effects for facilities that are not directly targeted for a work stoppage," Ford said in a statement on Monday.
Apple working on fix for iPhone 15 models running hot
Apple on Monday said it is working to fix a "bug" it said was among reasons some newly released iPhone 15 smartphones are heating up. The release comes as Apple faces declining sales of iPhones, with higher prices pushing customers to delay switching to newer models.
Microsoft CEO hits out at 'dominant' Google in US trial
Microsoft CEO Satya Nadella told a US court on Monday that Google's dominance of the search engine market made it very hard for rivals to emerge, hitting out sharply at the business practices of his company's archrival. The CEO also testified that despite some early "exuberance," he no longer believed the emergence of ChatGPT would reshape Google's dominance of the search business.
Crisis-struck German maker of Playmobil toys cuts jobs
The crisis-hit German toy company behind Playmobil, the small plastic figures loved by children the world over, said on Monday that it was cutting 17 percent of its workforce. When the oil crisis drove up the cost of plastic manufacturing in the 1970s, Brandstaetter asked the company's master mould-maker Hans Beck to develop a completely new toy system that could be continually expanded.
European telecom firms urge EU to make big tech pay
The heads of European telecoms firms, including Orange and Vodafone, on Monday urged the EU to make tech and streaming giants pay for the massive amounts of bandwidth they use. But tech behemoths say telecoms companies already get money from customers, while digital rights activists fear making web giants pay would create a two-speed internet.
Stella McCartney turns fashion show into green tech marketplace
British designer Stella McCartney took over a Paris marketplace on Monday and turned it into a showcase for new greener textiles while honouring her rock star parents' time in 1970s band Wings.
Birkenstock aims to raise up to $1.58 bn in IPO
German sandal maker Birkenstock on Monday set a price for its initial public offering of shares at $44 to $49 each, which could see the company raise up to $1.58 billion. Once unflatteringly associated with sock-and-sandal-wearing Germans, Birkenstock has since become a coveted fashion item, as illustrated in the latest Hollywood blockbuster "Barbie".
Oil industry 'central' to climate solutions: COP28 head
The president of the upcoming COP28 climate talks told an Abu Dhabi oil conference on Monday that the fossil fuel industry would play an essential role in addressing the climate crisis.
Equities retreat with US rates back in focus
Asian and European stock markets mostly fell Monday and the dollar rose as relief over a last-minute deal to avoid a US government shutdown gave way to renewed concerns over high interest rates. US stocks ended Friday mostly lower as a government shutdown appeared likely after hardline Republicans had tanked an earlier plan to keep the lights on.
AFP
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