Uniqlo's parent company said Wednesday it would raise the wages of thousands of its employees in Japan by up to 40 percent to help it become more competitive globally.. The salary bump will apply to around 8,400 full-time employees out of the 56,000 working for parent company Fast Retailing in Japan.
Asian equities pushed higher Wednesday as investors were buoyed by China's reopening and optimism that key data due this week will signal a further slowdown in US inflation.. "Although we are not pitching a tent in that camp just yet, many investors are starting to believe China's reopening could be faster than expected on pent-up demand, a robust economic rebound and fewer supply constraints."
Meta, owner of Instagram and Facebook, on Tuesday said it will stop allowing advertisers to target ads at teens based on gender, as it fights accusations that its platforms are harmful to young users.. The company formerly known as Facebook is facing increasing pressure and fines to curb its practice of delivering narrowly targeted ads to its users, a practice that brings in billions of dollars in revenue from advertisers every year.
Airbus said Tuesday that it booked 820 net plane orders last year, a sharp jump from the previous year and its highest level of sales since 2017.. It booked a net 516 orders for A320 planes last year, up from 483 the year before.
French MPs on Tuesday moved ahead with a law to accelerate the deployment of renewable energy, as the country's nuclear plants suffer a maintenance crisis and Russia's invasion of Ukraine drives up energy costs.. Russia's invasion of Ukraine at the same time as the nuclear power crisis has upped the pressure to boost alternative sources of energy.
The Canadian mining giant First Quantum Minerals said Tuesday it is close to an agreement with Panama to avert the closure of Central America's largest copper mine.. First Quantum, one of the largest copper miners in the world, began commercial copper production at the site in 2019, through its local affiliate, Minera Panama.
Airbus consolidated its leadership in civil aviation for 2022 on Tuesday, reporting more orders and deliveries than American archrival Boeing as both companies contend with lingering supply chain challenges.. - Engine trouble - At Airbus, deliveries rose eight percent from the 2021 level, but lagged the company's earlier targets due to lingering supply chain problems.
The European Union warned online giant TikTok on Tuesday to respect EU law and ensure the safety of European users' data, as the video-sharing app's CEO met with top officials in Brussels.. "I count on TikTok to fully execute its commitments to go the extra mile in respecting EU law and regaining trust of European regulators," Jourova, whose portfolio includes the protection of EU values, tweeted alongside a video of their meeting.
US unemployment has stayed low despite rising interest rates and easing inflation, representing a "hopeful sign" that consumer prices can come down without a significant downturn, a Federal Reserve official said Tuesday.. "I take this as a hopeful sign that we can succeed in lowering inflation without a significant economic downturn," she added.
Boeing accelerated the pace of commercial plane deliveries in the fourth quarter, but again lagged arch-rival Airbus for all of 2022, according to company data released Tuesday.. Boeing has badly lagged Airbus in deliveries in recent years, and in 2022 it once again fell short of the European planemaker, which said Tuesday it had delivered 661 planes to airlines and other clients last year.
