Raised in vertical farms and stuffed with fruit waste, fly larvae have been turned into animal feed, as a new Costa Rican venture in sustainability is demonstrating.
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South African salary earners battle rising costs despite small pay increase in June
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Putin in trade push on final day of China trip
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Volkswagen 2023 profits rise, but warns on slow sales growth
German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023 as vehicle deliveries rebounded but warned of slower sales growth this year, sending its shares down. Sales growth is similarly expected to come in at five percent, well down on 2023.
EU media freedom law approved by lawmakers
The EU is set to better protect journalists from political pressure and surveillance under an unprecedented media freedom law approved by the European Parliament on Wednesday.
Adidas reports 2023 loss on Kanye fallout
Adidas on Wednesday reported a loss in 2023 due to the fallout from the end of its tie-up with Kanye West, but the company insisted it was starting to turn its fortunes around. But CEO Bjorn Gulden, who was brought in to lead the company from rival outfitter Puma shortly after the West tie-up fell apart, struck an upbeat tone.
EU parliament adopts 'historic' rules on AI
The European Parliament gave final approval on Wednesday to wide-ranging EU rules to govern artificial intelligence, including powerful systems like OpenAI's ChatGPT. Senior European Union officials say the rules, first proposed in 2021, will protect citizens from the possible risks of a technology developing at breakneck speed, while also fostering innovation on the continent.
Musk visits Tesla's sabotage-hit German factory
Elon Musk travelled Wednesday to Tesla's factory near Berlin to lend his workers "support" after the plant was forced to halt production by a suspected arson attack on nearby power lines. With his son X AE A-XII in his arms, Musk said: "I am here to support you."
Wronged UK postmasters to have convictions quashed
Britain's government was set to unveil legislation Wednesday to exonerate hundreds of UK Post Office workers wrongly prosecuted over faulty computer software, in one of the country's worst miscarriages of justice.
Australian wine industry toasts expected end to China tariffs
The Australian wine industry welcomed news on Wednesday that China could begin lifting punitive tariffs within weeks, raising hopes that the country's red wine glut will soon ease. Industry body Grape and Wine's chief executive Lee McLean welcomed the indication of tariff relief.
Volkswagen's 2023 profits rise, outlook for this year cautious
German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023, boosted by higher vehicle deliveries, but gave a cautious outlook for this year. Looking ahead, the German auto giant expects vehicle deliveries to advance in 2024, but by up to just three percent, due to tougher international competition and potential supply chain problems.
Cathay Pacific 'is back' with first annual profit since 2019
Hong Kong carrier Cathay Pacific on Wednesday reported its first annual net profit in four years, citing a surge in demand as it emerges from the impact of the financial hub's Covid isolation. "The year was characterised by a notable surge in travel demand following three years of pandemic-related restrictions."
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