Tech News

United Airlines bullish on air travel despite inflation

United Airlines reported strong third-quarter results Tuesday and said it does not expect inflation and other macroeconomic headwinds to derail the travel industry's comeback.. United pointed to three "durable" industry-wide trends that it expects to override economic headwinds: continuing pent-up travel demand after the coronavirus pandemic; the beneficial impact of hybrid work on travel demand; and "external supply challenges" that will limit industry supply.

Tue, Oct 18, 2022 1 mins read

Tech News

Netflix subscriber growth beats expectations

Netflix on Tuesday reported that it gained more than 2 million subscribers in the recent quarter, calming investor fears that the streaming television giant was losing paying customers.. Netflix said it ended the quarter with slightly more than 223 million subscribers worldwide, up some 2.4 million, after seeing subscriber ranks ebb during the first half of this year.

Tue, Oct 18, 2022 2 mins read

Tech News

US confirms Saudi detention of American over tweets

The United States said Tuesday it was raising with Saudi Arabia a prison sentence handed to a US citizen over tweets critical of the kingdom, another source of tension between the historic allies.. The State Department confirmed the detention of Saad Ibrahim Almadi, a US citizen of Saudi origin, and said the United States brought up his case starting in December and as recently as Monday.

Tue, Oct 18, 2022 1 mins read

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Cement giant Lafarge fined $778 mn for working with Islamic State in Syria

French cement giant Lafarge SA was slapped with a $778 million fine Tuesday for making millions in payments to the Islamic State and another jihadist group to build its business in Syria.. Lafarge paid another $1.1 million to intermediaries facilitating business with the two groups.

Tue, Oct 18, 2022 3 mins read

Tech News

Amazon workers reject union in latest US warehouse vote

Workers at an Amazon warehouse near Albany voted decisively against establishing a union, US officials announced Tuesday, dealing a setback to the fledgling labor drive at the e-commerce behemoth.. The tally was 406 against Amazon Labor Union's (ALU) proposal and 206 in support of the organization, said a spokeswoman for the National Labor Relations Board.

Tue, Oct 18, 2022 1 mins read

Tech News

Counting starts in latest union vote at Amazon US warehouse

US labor officials began counting ballots in New York Tuesday in the latest unionization drive at Amazon after workers delivered the retail behemoth a split decision in two earlier votes.. Over the last few days, employees at the ALB1 warehouse near Albany in upstate New York cast ballots in the third vote on a unionization petition by the Amazon Labor Union (ALU).

Tue, Oct 18, 2022 1 mins read

Tech News

German cybersecurity chief sacked over alleged Russia ties

Germany's cybersecurity chief was sacked on Tuesday after a TV satire show accused him of having ties to Russian intelligence services, with the country on high alert over potential sabotage activities by Moscow.. Schoenbohm was accused in the satire show on broadcaster ZDF of contacts with Russian secret services through an association he co-founded in 2012 known as the Cyber Security Council Germany.

Tue, Oct 18, 2022 2 mins read

Tech News

Russia sets back global progress on internet freedom: study

A Russian crackdown has driven a global decline in internet freedom although a number of smaller countries are making headway, Freedom House said in a study Tuesday.. The report found controls on the internet, such as blocking of sites or arrests of internet users, between June 2021 and May in all the 70 countries it studied except four -- Canada, Costa Rica, Iceland and Japan. sct/jh

Tue, Oct 18, 2022 2 mins read

Tech News

Goldman Sachs reports lower profits, unveils reorganization

Goldman Sachs reported lower profits Tuesday on a big drop in revenues tied to corporate merger advising, but the firm still topped analyst expectations on strong trading revenues.. The results come on the heels of similar reports from other large banks that have seen earnings drop, but still exceed expectations.

Tue, Oct 18, 2022 1 mins read

Tech News

French government set to overrule lawmakers in budget standoff

The French government is poised to wield a rarely used constitutional weapon to force its budget through parliament, where opposition groups have stymied the text for weeks with rival amendments, officials said Tuesday.. But opponents from across the political spectrum have seized on the budget battle, forcing amendments such as a tax on corporate "super-dividends" and a new "exit tax" on people who move wealth out of France -- which Macron abolished in his first term.

Tue, Oct 18, 2022 2 mins read