The UK's Royal Opera House announced on Wednesday that it had ended its 33-year sponsorship deal with energy giant BP following pressure and protests from environmentalists.. The London cultural institution said in a statement to AFP that it was "grateful to BP for their sponsorship over 33 years... but agreed that the partnership would not extend beyond December 2022, when BP's contract came to an end".
Persistent supply chain woes and staffing issues led to another quarterly loss at Boeing, but the company on Wednesday confirmed its 2023 outlook amid strong aviation demand.. He predicted that 2023 would remain "bumpy" as far as the supply chain, but said the ramp-up was aided by shared knowledge that demand for aviation remains strong.
Several restaurants that used to work under the McDonald's brand in Kazakhstan reopened on Wednesday without the chain's logo, weeks after the fast-food giant exited the country over supply problems.. The McDonald's logo no longer appeared on the reopened restaurants, with only a yellow capital M in the words "My Otkryty ("We Are Open").
Canada's central bank on Wednesday raised its key lending rate for the eighth time in less than a year, this time by 25 basis points to 4.5 percent, as it tries to tame inflation. . "Inflation is projected to come down significantly this year," the bank said, though it remained at 6.3 percent in December -- three times the goal.
Boeing reported a fourth-quarter loss of $634 million on Wednesday as elevated operating and supply chain costs offset a December uptick in commercial plane deliveries.. "Demand across our portfolio is strong, and we remain focused on driving stability in our operations and within the supply chain to meet our commitments in 2023 and beyond."
Germany is set to narrowly escape a recession this year, the government said Wednesday, as Europe's biggest economy weathers the fallout from the Ukraine war better than expected.. The ministry acknowledged in its report that many "uncertainties" hung over the German economy, including the ongoing fallout from the war in Ukraine. mfp/sr/imm
A chatbot powered by reams of data from the internet has passed exams at a US law school after writing essays on topics ranging from constitutional law to taxation and torts.. But the bot "often struggled to spot issues when given an open-ended prompt, a core skill on law school exams".
Asia's richest man Gautam Adani saw his net worth drop six billion dollars on Wednesday after a US investment firm accused him of "brazen stock manipulation and accounting fraud".. Hindenburg Research published a report on Tuesday alleging that Adani Group "has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades".
Hundreds of people took to the streets in Johannesburg on Wednesday to protest a prolonged energy crisis causing record power cuts in South Africa.. Scheduled blackouts, known as load-shedding, have burdened South Africa for years, with state-owned energy firm Eskom failing to keep pace with demand and maintain its ageing coal power infrastructure.
US tech giant Microsoft said on Wednesday it was working to fix a networking problem that had left users across the world struggling to access tools like Outlook and Teams.. "I have a paper in half an hour on MS teams and the servers are not working in India," said one Twitter user, adding: "Please do something."
