Tech News

US regulators clear Boeing to resume 787 deliveries

After more than a year, aviation giant Boeing will be allowed to resume deliveries of its 787 Dreamliner aircraft "in the coming days," after the company made changes to its manufacturing process, US air safety regulators announced Monday.. "We expect deliveries to resume in the coming days."

US regulators clear Boeing to resume 787 deliveries

Aviation giant Boeing will be allowed to resume deliveries of its 787 Dreamliner aircraft "in the coming days," after the company made changes to its manufacturing process, US air safety regulators announced Monday.. "We expect deliveries to resume in the coming days."

Mexico to use underwater drone in search for trapped miners

Rescuers will deploy an underwater drone as part of efforts to save 10 workers trapped for five days in a flooded coal mine in northern Mexico, authorities said Monday.. "We're hurrying to remove the water so that the rescuers can enter," said President Andres Manuel Lopez Obrador, who visited the site on Sunday and urged intensified efforts to save the miners.

US news site Axios agrees to $525 mn buyout

US news website Axios, which has shot to prominence since its 2016 founding, has agreed to a $525 million deal to sell itself to US telecom group Cox Enterprises, the firms said Monday. . Cox Enterprises was founded as a family business in 1898 and is now based in Atlanta in the US state of Georgia.

Pfizer to acquire sickle cell drugmaker GBT for $5 bn

American drugmaker Pfizer announced a deal on Monday to acquire Global Blood Therapeutics, makers of a recently approved treatment for sickle cell disease, for $5.4 billion.. Bourla said the merger will help "accelerate innovation for the sickle cell disease community and bring these treatments to patients as quickly as possible."

Ukraine 'optimistic' after arrival of first grain shipment

The first cargo ship to reach its final destination after departing from Ukraine under a deal between Moscow and Kyiv docked in Turkey Monday, Kyiv said, while a consignment due in Lebanon reported delays.. The Turkish cargo ship -- the Polarnet -- that reached its final destination left the Ukrainian port of Chornomorsk last week carrying 12,000 tonnes of corn.

Japan's SoftBank reports record quarterly net loss

Japan's SoftBank Group on Monday reported a record quarterly net loss of $23.4 billion, after central bank interest rate hikes caused tech shares to tank.. And in 2019-20, SoftBank Group reported a then-record annual net loss of 961.6 billion yen, as the emergence of Covid-19 compounded woes caused by its investment in troubled office-sharing start-up WeWork.

Markets struggle as strong US jobs boost Fed rate hike bets

Asian markets struggled Monday and the dollar held big gains as a blockbuster US jobs report ramped up bets that the Federal Reserve will announce more sharp interest rate hikes as it tries to tame runaway inflation.. The prospect of higher interest rates sent the dollar surging, and it held on to those gains in Asia.

No recession in Switzerland this year: chief economist

Switzerland does not expect to dip into recession this year despite the threat of an energy supply squeeze, the government's chief economist said Sunday.. However, we do not expect a recession for this year," Scheidegger said.

Syria more than doubles petrol prices: ministry

Syria's internal commerce ministry has announced a petrol price hike of around 130 percent in the war-torn country facing fuel shortages and extended power cuts. . The cost of a litre of subsidised fuel will rise to 2,500 Syrian pounds, from 1,100 previously, a rise of 127 percent, the ministry said in a statement quoted by the official SANA news agency late Saturday.