A new Australian budget airline, Bonza, launched its first flight Tuesday, promising cheap tickets, onboard craft beer, snags (sausages) and a relaxed approach to crew uniforms.. The onboard menu includes craft beer, no-alcohol beer, and "snag in a bag" -- a sausage in a bread roll.
EMBARGOED. HOLD HOLD HOLD. TO MOVE AT 8:37 PM MONDAY WASH TIME. Global growth is set to be higher than expected this year, the IMF said Monday, raising its forecast on surprisingly strong consumption and investment while China's lifting of zero-Covid restrictions provides another boost.. Stubborn inflation could also prompt further tightening by central banks and hold back business activity as borrowing costs rise.
Decked out in helmet, belt, gold-plated armor and sandals, Juan Pablo Huanacchini Mamani gazes out vacantly from the Ollantaytambo Inca ruins in Peru.. Situated around 60 kilometers (40 miles) from Cusco -- the old Inca capital that acts as a hub for those visiting Machu Picchu -- Ollantaytambo has its own ruins of an Inca citadel that are worth visiting, if not as spectacular as those at Machu Picchu.
Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales.. The fourth-quarter drop is the second consecutive margin squeeze for Samsung, which saw a 31 percent fall in operating profits in the third quarter year-on-year.
Boeing is set to officially bid farewell to the original jumbo jet, the 747, as it makes its final commercial delivery of an aircraft that democratized flying and serves US presidents.. The plane of US presidents since 1990, the 747 is also expected to keep up its official duties for the White House for the foreseeable future, with two Air Force One aircraft currently being modified to replace jets now working. jum-jmb/st
The EU will present long-awaited proposals on Wednesday to counter sweeping US subsidies on green tech that threaten Europe's industry, already struggling with soaring energy prices and unfair competition from China.. The EU has already committed to invest hundreds of billions of euros in green tech including solar panels, batteries and hydrogen.
In the decades since Renault rescued Nissan from bankruptcy, their union has brought strength but also friction, heightened by the 2018 arrest of alliance head Carlos Ghosn.. - 2018: Ghosn arrested - Ghosn is arrested in November 2018 on financial misconduct charges.
Ireland's Ryanair flew back into profit in the final three months of 2022 as travellers flocked to budget airlines during Europe's cost-of-living crisis.. "Ryanair has turned every crisis to its advantage over the last 20 years or so and this confirms the strength of the low cost business model."
Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide after fresh losses caused by a massive recall of faulty sleep respirators.. Philips announced a global recall in 2021 of its appliances to treat people suffering from sleep apnoea.
French automaker Renault will slash its stake in partner Nissan as part of a deal rebalancing the rocky alliance between the two companies, the Japanese firm said Monday.. Renault will reduce its stake from 43.4 percent to 15 percent, the same size as Nissan's stake in its French counterpart, as part of a broad agreement reshaping relations between the firms, Nissan said in a statement.
