Boeing's CEO received $33 million in compensation for 2023 but declined a potential $2.8 million bonus following the near-catastrophic Alaska Airlines incident in January, the company said Friday in a securities filing. Besides the lack of a 2023 bonus for Calhoun, Boeing also adjusted its 2024 long-term long incentive program to account for the Alaska Airlines incident.
Porn site Pornhub is challenging the European Union's landmark digital content law, arguing it does not meet the criteria to come under stricter rules, its parent company said Thursday. Pornhub has filed a challenge with the General Court of the EU in Luxembourg, its parent company Aylo said in a statement.
The US Federal Reserve "can and will" begin cutting interest rates this year if current economic trends continue, the head of the US central bank told lawmakers in Washington Thursday.
US President Joe Biden is expected to raise pressure Thursday on major corporations and wealthy individuals, calling for them to pay more in taxes in his State of the Union speech.
France warned Thursday that the world's construction sector was not on track to decarbonise by 2050 as it co-hosts with the UN Environment Programme the first ever conference aimed at reducing the industry's impact on climate change. "The sector is not on the right path to decarbonise by 2050," the ministry said.
Saudi Arabia on Thursday said it transferred an additional eight percent stake from oil giant Aramco to firms owned by the kingdom's PIF sovereign wealth fund, according to state media. Last year, four percent of Aramco's shares, worth tens of billions of dollars, were transferred to Sanabil Investments, a firm controlled by the PIF, one of the world's biggest sovereign wealth funds.
Hundreds of thousands of passengers in Germany faced travel misery Thursday as rail and airport workers staged new strikes to back demands for higher wages. - 'No longer reliable' - Rail employees have been staging repeated strikes to demand a pay rise to help members manage the higher cost of living in light of inflation.
It's been two weeks since the lifting of tough sanctions on military-ruled Niger, but the pace of economic recovery is slow and the generals have shown no inclination to re-open the border with Benin and seek a diplomatic settlement with neighbouring nations. Economic pragmatism, however, suggests that borders should soon be opened.
Spanish fashion retailer Mango, founded 40 years ago in Barcelona, is ramping its global expansion despite economic uncertainties that have shaken some other global mass-market apparel giants.
Economy
Load more
