Japan's consumer prices rose four percent in December from a year earlier, a level not seen since December 1981, fuelled in part by higher energy bills, government data showed Friday.. Rises in electricity and gas bills, as well as telecommunication fees and price hikes for a range of processed foods contributed to the December acceleration, the government data showed.
A US federal judge on Thursday ordered Boeing to appear in court next week to face family members of those killed in crashes of the 737 MAX who are challenging the aviation giant's prior government settlement.. Two crashes of Boeing planes in October 2018 and March 2019 resulted in 346 fatalities and led to a global grounding of the MAX model for more than a year and a half.
US streaming giant Netflix on Thursday said it ended last year with more than 230 million global subscribers, beating analysts' expectations as hits such as "Wednesday" and "Harry & Meghan" enticed new viewers. "2022 was a tough year, with a bumpy start but a brighter finish," the company said in a letter announcing bumper fourth quarter earnings.. The streaming giant said it enticed 7.7 million new members in three months, bringing Netflix membership around the world to 230 million people.
The US space agency NASA is teaming up with aviation giant Boeing to develop a next-generation commercial aircraft that emits less carbon.. NASA and Boeing said development of the next-generation plane could help meet the White House and industry's objective of net-zero carbon emissions from aviation by 2050. cl/des
The US Department of Agriculture on Thursday unveiled new rules to strengthen oversight of the "organic" label on food, after some significant fraud cases.. In a Federal Register notice outlining the rule, the USDA cited several cases of fraud involving organic food.
Interest rates will need to remain high for some time even as inflation eases, Federal Reserve Vice Chair Lael Brainard said Thursday, vowing the central bank plans to "stay the course" in fighting price increases.. "Even with the recent moderation, inflation remains high, and policy will need to be sufficiently restrictive for some time," Brainard said in prepared remarks for an event in Chicago.
Uber drivers in Mexico's Caribbean resort of Cancun hope that a legal ruling in their favor will end alleged long-running threats and intimidation by taxi operators.. The ruling also authorizes Uber to operate in the popular resorts of Playa del Carmen and Tulum.
The US Treasury could start taking "extraordinary measures" Thursday to prevent a default on government debt, as Congress heads towards a high-stakes clash between Democrats and Republicans over raising the borrowing limit.. They argue that radical cuts are needed to reduce borrowing, which Congress has generally agreed to increase each year -- raising the so-called debt ceiling.
Procter & Gamble reported a dip in quarterly profits Thursday, following a decline in sales as the consumer products giant offset lower volumes with price increases.. In fabric care, price increases boosted organic sales, but the company cited volume declines in Europe due to increased pricing.
Germany's lower house of parliament recognised on Thursday the 2014 massacre of Yazidis by Islamic State group jihadists in Iraq as a "genocide", and called for measures to assist the besieged minority.. Islamic State jihadists in August 2014 massacred over 1,200 Yazidis, members of a Kurdish-speaking community in northwest Iraq that follows an ancient religion rooted in Zoroastrianism.
