AFP
13876 articles published since 08 Mar 2022
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Virgin Galactic rockets its first tourist passengers into space
Virgin Galactic launched its first tourist passengers into the weightlessness of space Thursday, the culmination of a nearly two-decade commercial pursuit, the company said.
Virgin Galactic's first space tourism flight set to take off
The long-awaited, first civilian space tourism flight by Virgin Galactic was set for takeoff Thursday, carrying an 80-year-old ex-Olympian and a mother and daughter who won their tickets in a sweepstakes. Virgin Galactic competes in the "suborbital" space tourism sector with billionaire Jeff Bezos's company Blue Origin, which has already sent 31 people into space using a vertical lift-off rocket.
Lufthansa pilots receive pay hikes to fight inflation
Lufthansa pilots are to receive pay rises totalling 18 percent in the coming years, with the German airline saying Thursday it would bring "stability" after strikes over surging inflation. The airline said it comprised staggered pay rises until the end of 2026, amounting to an increase of least 18 percent of basic salary.
Coach owner to acquire Michael Kors, Versace parent in $8.5bn deal
Tapestry, the US owner of lifestyle brands including Coach and Kate Spade, said Thursday it will acquire Michael Kors parent company Capri for $8.5 billion, creating a new global fashion giant to compete with European powerhouses. "Kate Spade was also in a similar position when Tapestry acquired it, and is now emerging in positive form from a successful reinvention.
US consumer inflation edges up in July
US consumer inflation inched up in July, government data showed Thursday, rebounding slightly for the first time in around a year and adding pressure on policymakers as they weigh further interest rate hikes. Farooqi added that the July figures will be "welcome news to policymakers" who have a longer-term target of two percent.
UK retailer Wilko collapses, risking 12,500 jobs
British household goods company Wilko has collapsed owing to big debts, its boss announced Thursday, impacting about 12,500 jobs as high inflation and interest rates hurt consumers and businesses.
Angry Birds maker Rovio's shareholders accept Sega's bid
Shareholders of Finland's Rovio, creator of the Angry Birds franchise, have overwhelmingly accepted Japanese Sega's offer to buy the company, allowing the deal to go through, the Finnish company said Thursday. Rovio said in a statement that 96.3 percent of its shareholders had accepted the offer, which values the company at more than 700 million euros ($770 million).
Inner city delivery hubs raise child health fears after UK court battle
From the third-floor window of a London primary school, parent Sarah Slotover stares out over the industrial site at the centre of a "David and Goliath" battle between online supermarket Ocado and the community. "Ocado suddenly declared that they were going to establish a massive warehouse behind the school," said Slotover.
Asian markets follow Wall St lower ahead of US inflation report
Stocks fell Thursday ahead of much-anticipated US inflation data, which comes against a backdrop of renewed concerns that the Federal Reserve could announce another interest rate hike before the end of the year.
AFP
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