AFP
13875 articles published since 08 Mar 2022
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Meta completes virtual reality deal after US court win
Facebook-owner Meta finalized its buyout of virtual reality firm Within Unlimited, the VR company's chief executive said, after a court rejected an attempt by US regulators to block the deal over competition concerns.
Layoffs strip away tech worker visas along with jobs
Laid off US tech workers from abroad on employment-based visas are scrambling to find new jobs to avoid being forced to uproot their lives and leave the country. Without a new job at a company that can get them a visa, fired employees have to leave the country.
L'Oreal confident as posts double-digit gains for 2022
Cosmetics giant L'Oreal posted double-digit growth in sales and profits in 2022 to record levels despite inflation and Covid lockdowns in China and expressed confidence for the year ahead thanks to a return by Chinese consumers. Recording growth in all of its markets, sales rose by 18.5 percent to 38.3 billion euros ($41.1 billion).
Senators grill Southwest Airlines after holiday meltdown
US Senators grilled a Southwest Airlines executive Thursday over December's winter storm troubles that affected some two million customers, resulting in a hellish holiday travel meltdown for the ages. But Senator Ed Markey, a Massachusetts Democrat, pressed Watterson on why Southwest would not provide cash instead of 25,000 reward points to affected customers as a complementary "goodwill" gesture.
Adidas 2022 income drops, more pain ahead after end of Kanye tie-up
Adidas's net income fell heavily in 2022, according to preliminary results released on Thursday, with the German sportswear giant predicting major operating losses this year after ending a tie-up with Kanye West. The end of the partnership with controversial rapper West would be a major contributor to the company suffering operating losses of up to 700 million euros this year, Adidas said.
World Bank revamp to start by April on push to broaden mission: Yellen
The first stages of a World Bank revamp are set to begin by April, amid a push for lenders to evolve and meet global challenges like climate change, US Treasury Secretary Janet Yellen said Thursday. "The first phase of implementation should begin by the World Bank and IMF spring meetings in April," according to Yellen.
US, UK jointly sanction Russian Trickbot hackers
The United States and Britain announced sanctions Thursday on the Russian intelligence-linked Trickbot group known for hacking hospitals during the Covid-19 pandemic and stealing financial data. The sanctions announcement named seven members of the group, some of whom "are associated with Russian Intelligence Services," it said.
Tourism collapses in Russia following Western sanctions
The number of foreign tourists visiting Russia collapsed last year due to the impact of Western sanctions imposed on the country following its military operation in Ukraine and strict Covid restrictions in China, industry professionals said Thursday.
Shareholder sues Shell bosses over climate risks
British energy giant Shell has been hit with a new lawsuit over climate change, with activist investors accusing the company's leadership of mismanaging risks to the company.
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