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US pastor who pocketed investors' $1.3m says God told him to do it
US pastor who pocketed investors' $1.3m says God told him to do it
Technology
by  AFP

A US pastor who sold a worthless cryptocurrency to his flock and pocketed $1.3 million, using some of it to remodel his house, has insisted he was only doing what God told him. "Out of that 1.3, half a million dollars went to the IRS and a few $100,000 went to a home remodel that the Lord told us to do."

Alaska Airlines finds many loose bolts on its Boeings as United questions orders
Alaska Airlines finds many loose bolts on its Boeings as United questions orders
Economy
by  AFP

Boeing came under renewed pressure Tuesday as the head of Alaska Airlines said inspections carried out after a dangerous incident had found many loose bolts on its 737 MAX 9 aircraft. The company's chief executive Ben Minicucci told NBC News Tuesday that an in-house inspection of its Boeing 737 Max 9 fleet carried out after the incident had found that "many" of these aircraft had loose bolts.

Netflix subscribers jump despite price hikes
Netflix subscribers jump despite price hikes
Technology
by  AFP

Netflix subscription numbers rocketed more than 13 million in the final three months of last year, the company said on Tuesday, despite price hikes at the leading streaming service. Netflix finished 2023 with slightly more than 260 million subscribers worldwide, with a profit of $938 million in the final quarter versus just $55 million in the same period a year earlier.

LA Times slashes a fifth of its newsroom jobs
LA Times slashes a fifth of its newsroom jobs
Economy
by  AFP

The Los Angeles Times announced Tuesday it is laying off more than a fifth of its journalists, as yet another once-storied US paper fell victim to the disruptions of the internet age. Unionized journalists at the Times walked off the job last week when reports first emerged that managers were considering drastic cuts.

Conde Nast staff stage walkout against layoffs
Conde Nast staff stage walkout against layoffs
Economy
by  AFP

Hundreds of unionized staffers at Conde Nast, the parent company behind legacy publications including Vogue and Vanity Fair, walked out Tuesday in protest of looming layoffs. The union urged people not to cross the digital picket line by refraining from visiting Conde Nast sites, which also include GQ, Bon Appetit, Glamour, Architectural Digest and Teen Vogue.