AFP
13875 articles published since 08 Mar 2022
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Riyadh Air, Saudia announce big Boeing 787 order
Riyadh Air and Saudia will purchase 78 Boeing 787 Dreamliner planes under agreements announced Tuesday in a giant order that underlines Saudi Arabia's goal to remake itself as a global aviation hub. - Vision for Riyadh - Under the particulars, Riyadh Air agreed to purchase 39 Dreamliners, with options for 33 more jets, while Saudia will buy 39 Dreamliners with options for 10 more.
Worker struggles with gig economy giants
In the battle between workers and gig economy giants, Uber notched up a rare win Monday when a court in California upheld a state law letting the company treat its drivers as independent contractors rather than employees.
Meta axes 10,000 jobs in new round of cuts
Facebook owner Meta announced a fresh wave of job cuts on Tuesday, part of what CEO Mark Zuckerberg called the company's "year of efficiency" as the US tech sector continues to downsize. The cuts follow a cull of 11,000 jobs announced by the company in November.
EU unveils electricity reforms to reduce price spike threat
The EU laid out plans Tuesday to make electricity bills "less dependent" on fossil fuel costs, to limit the risks of price hikes like those seen after Russia invaded Ukraine. Brussels hopes the moves will bolster investment in non-fossil fuel energy as the EU seeks to meet its climate goals to reach net-zero and keep electricity cost down.
Crypto market resilient after collapse of SVB bank
As the Federal Reserve seeks to calm financial markets following the collapse of Silicon Valley Bank, the cryptocurrency market is showing signs of resilience despite links to the crisis.
Novo Nordisk to cut US insulin prices by up to 75%
Novo Nordisk announced Tuesday that it will lower the US price of insulin by up to 75 percent, the latest move by a drugmaker to mitigate diabetes treatment costs. The price for some other Novo Nordisk insulin brands will be lowered by 65 percent, the company said.
US consumer inflation still elevated but Fed under stress
US consumer inflation edged down in February but remains elevated, according to government data released Tuesday, adding pressure to the Federal Reserve as it balances its inflation fight with financial stability concerns. The consumer price index (CPI) rose six percent from a year ago, below January's figure and in line with expectations, according to Labor Department data released Tuesday.
Google lets testers access ChatGPT-style generative AI
Google on Tuesday began letting some developers and businesses access the kind of artificial intelligence that has captured attention since the launch of Microsoft-backed ChatGPT last year. And Microsoft chief Satya Nadella is expected to showcase how the company is integrating ChatGPT-like artificial intelligence into its widely used business software at a special event on Thursday.
Taiwan unveils portable attack drone as China tensions rise
Taiwan unveiled its first portable attack drone on Tuesday, an unmanned aerial vehicle similar to a US model used in Ukraine's fight against Russia, as China steps up military pressure on the island.
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