The US economy is forecast to have grown but at a slower pace in the final months of 2022, helped by consumption and business investment although recession fears loom.. He expects the US could enter a recession in the second quarter as consumers limit their spending and businesses become more reluctant to hire and invest.
IBM will slash some 3,900 jobs, slightly more than one percent of its workforce, related to businesses it has divested, a source close to the matter told AFP on Wednesday.. This cost is "entirely related" to the spin-off of Kyndryl and the disposal of health data and analysis businesses, an IBM spokesperson told AFP. "It is not an action based on 2022 performance or 2023 expectations," the spokesperson added.
Relatives of passengers who died in the twin Boeing 737 MAX crashes are scheduled to confront the airplane maker Thursday in a US court, some four years after the tragedies in Ethiopia and Indonesia.. In unveiling the agreement, DOJ said Boeing was being held accountable for "fraudulent and deceptive" conduct towards Federal Aviation Administration regulators during the MAX certification when the company omitted key facts about the Maneuvering Characteristics Augmentation System (MCAS), a flight handling system that badly malfunctioned in both crashes.
Most Asian markets rose Thursday as the majority returned from the Lunar New Year break on an optimistic note, with inflation slowing and central banks hinting at a lighter approach to tackling prices.. Traders are now awaiting the release of US growth data on Thursday and the Federal Reserve's preferred gauge of inflation Friday.
Social networking giant Meta announced Tuesday it would soon reinstate former president Donald Trump's accounts on Facebook and Instagram with "new guardrails," two years after he was banned over the 2021 US Capitol insurrection.. "We will be reinstating Mr. Trump's Facebook and Instagram accounts in the coming weeks," Nick Clegg, Meta's president of global affairs, said in a statement, adding that the move would come with "new guardrails in place to deter repeat offenses."
Tesla reported another round of record quarterly profits Wednesday while confirming its long-term growth outlook in spite of concerns about rising competition and macroeconomic headwinds.. Tesla's earnings report Wednesday reasserted that long-term forecast, but said it would likely only produce 1.8 million vehicles in 2023, about 31 percent above the 2022 production.
Social networking giant Meta announced Tuesday that it would soon reinstate former US president Donald Trump's accounts on Facebook and Instagram with "new guardrails," two years after he was banned over the 2021 assault on the Capitol.. "We will be reinstating Mr. Trump's Facebook and Instagram accounts in the coming weeks," said a statement by Nick Clegg, Meta's president of global affairs, adding that the reinstatement would come with "new guardrails in place to deter repeat offenses."
Tesla reported another round of record quarterly profits Wednesday while confirming its long-term growth outlook in spite of concerns about rising competition and macroeconomic headwinds.. The company has described its long-term buildup as seeking to chalk up production growth of 50 percent per year, with some years faster and some years slower.
Brazil President Luiz Inacio Lula da Silva on Wednesday called for South American trade bloc Mercosur to urgently seal a free trade agreement with the European Union before negotiating with China.. "We will step up our discussions with the EU and sign this agreement so that we can then discuss a deal between China and Mercosur," Lula said in Montevideo, where he met with President Luis Lacalle Pou.
Plagued by ever-shrinking space to park its hundreds of thousands of bicycles, Amsterdam opened Wednesday the first of its largest-ever bicycle parking complexes, built underwater in a pioneering engineering project.. "Together the shelters will be the largest in the city," the Amsterdam municipality said, with the Open Haven Front storage able to take 7,000 bicycles and the IJ-side site around 4,000.
