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Alaska Airlines says expects $150 mn hit from 737 MAX grounding
Alaska Airlines says expects $150 mn hit from 737 MAX grounding
Economy
by  AFP

Alaska Airlines said Thursday it expects a $150 million hit from the Boeing 737 MAX grounding, which will limit its capacity growth in 2024. The Alaska Airlines financial hit is the latest ripple effect from the episode, which prompted US air regulators to ground 171 MAX 9 planes.

Meta beefs up teen defenses at Instagram and Messenger
Meta beefs up teen defenses at Instagram and Messenger
Technology
by  AFP

Meta on Thursday began blocking messages from strangers sent directly to young teens using Instagram or Messenger. Meta early this month tightened content restrictions for teens on Instagram and Facebook as it faced increased scrutiny over how its platforms are harmful for young people.

US regulator launches probe into tech giants' AI investments
US regulator launches probe into tech giants' AI investments
Technology
by  AFP

A top US antitrust regulator said it was launching an inquiry Thursday about investments made by Microsoft, Google and Amazon into generative AI startups OpenAI and Anthropic. Anthropic, founded by former staff of OpenAI, received major investments from both Google and Amazon last year and is seen as a potential major player in the fast-emerging generative AI sector.

LVMH posts record sales and profit in 2023
LVMH posts record sales and profit in 2023
Economy
by  AFP

The world's largest luxury goods group LVMH announced record results Thursday, even as growth slowed towards the end of last year and sales of spirits shrank. Besides clothing and leather goods, LVMH also posted sales growth in perfumes, cosmetics, watches, and jewelry, with wines and spirits being the only unit to shrink, down 4 percent for the full year.