Business and Economy

Business and Economy Latest News

US new home sales hit highest rate in over a year
US new home sales hit highest rate in over a year
by  AFP

Sales of new US homes picked up more than anticipated in September, government data showed Wednesday, with the tight supply of real estate pushing more buyers into the market for new properties. Last month, sales of existing homes, which form the majority in the market, hit the lowest rate in 13 years, according to industry data.

Boeing cuts 2023 forecast for 737 deliveries as it reports loss
Boeing cuts 2023 forecast for 737 deliveries as it reports loss
by  AFP

Boeing reported another hefty loss Wednesday as it trimmed its full-year forecast for deliveries of the 737 to address a manufacturing problem on the aircraft. The US aviation giant, which has struggled with manufacturing and quality control issues in recent years, reported a third-quarter loss of $1.6 billion,which translated into a bigger per-share hit than analysts estimated.

TikTok removed 4mn 'violative' videos in EU last month
TikTok removed 4mn 'violative' videos in EU last month
by  AFP

TikTok said Wednesday it pulled four million "violative" videos in the EU in September, in its first transparency report since a new law against illegal and harmful content came into force across the bloc.

Energy

Money

Industry

Technology

Economy