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BUSINESS

BUSINESS

Boeing posts $3.8bn loss in fourth quarter

Digital Desk -
Boeing posted a fourth-quarter loss of $3.8 billion (€3.4 billion) on Tuesday as a machinists’ strike and other problems continued to plague the troubled...
BUSINESS

Ex-Abercrombie CEO’s dementia ‘may leave him incompetent to face sex charges’

Digital Desk -
Defence lawyers say the former CEO of Abercrombie & Fitch may have dementia, and a competency hearing is necessary to determine if he can...
BUSINESS

Pope seeks debt reduction for poorer countries to mark Vatican’s jubilee year

Digital Desk -
Pope Francis has called on wealthy countries and institutions to substantially reduce, if not outright cancel, debt as a matter of justice on the...
BUSINESS

Bitcoin passes 100,000 dollars for first time

Digital Desk -
Bitcoin has topped 100,000 dollars (£78,701) for the first time as a massive rally rolls on, only hours after US President-elect Donald Trump picked...
BUSINESS

General Motors lays off about 1,000 workers worldwide

Digital Desk -
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global car market. The workers, mostly...
BUSINESS

Meta fined nearly 800m euros for ‘abusive practices’ on Facebook ads business

Digital Desk -
European Union regulators have hit Facebook parent Meta with a fine of nearly 800 million euros for what they called “abusive practices” involving its...
BUSINESS

French and Dutch investigators raid Netflix offices in finance probe

Digital Desk -
Prosecutors and police investigators who specialise in fighting fraud and corruption raided Netflix offices in France and the Netherlands on Tuesday, in a probe...
BUSINESS

Beijing files complaint at WTO over EU tariffs on Chinese electric vehicles

Digital Desk -
China has moved forward with a complaint at the World Trade Organisation that alleges the European Union has improperly set anti-subsidy tariffs on new...
BUSINESS

Financial co-operation and Brics expansion on table as Putin hosts leaders

Digital Desk -
Russia’s President Vladimir Putin has hosted China’s Xi Jinping, India’s Narendra Modi and other world leaders at a summit of the Brics bloc of...
BUSINESS

Sean ‘Diddy’ Combs’ music streams jump after arrest and indictment

Digital Desk -
Sean “Diddy” Combs’ vast music catalogue has seen a jump in streams since his arrest last week and the unsealing of a charge against...
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