Irish no-frills airline Ryanair rebounded back into bumper annual net profits, boosted by a "strong" post-Covid recovery despite spiking costs, it announced Monday.. EasyJet, which logged three annual losses in a row due to the pandemic, has predicted a rebound to annual profit as holidaymakers shrug off Britain's cost-of-living crisis.
Asian markets were mixed Monday ahead of US debt talks between President Joe Biden and congressional leaders, with both sides still apart but also confident a deal can be reached to avert a catastrophic default.. Asia fared a little better Monday, though markets fluctuated as investors awaited solid signs of a compromise out of Washington.
Sudan's war has left farmers of gum arabic, a vital ingredient for global industry including fizzy drinks, bereft of local buyers but a trade group assures global stocks are -- for now -- sufficient.. Industry players within Sudan or elsewhere could not, however, say how long global stocks can last.
US semiconductor giant Micron has failed a national security review, China's cybersecurity watchdog said Sunday, telling operators of "critical information infrastructure" to stop buying its products.. "Operators of critical information infrastructure in China should stop purchasing Micron products."
In Papua New Guinea's capital, shanty towns without electricity or water that surround modern high-rise buildings are soon to be joined by a new project in the coastal city -– a gleaming Chinatown complex.. A slew of Chinese projects are popping up across Port Moresby including the $414 million complex -– Beijing's biggest investment in Papua New Guinea -- that will boast a cinema, hotel, apartments and restaurants.
President Joe Biden was intervening personally Sunday to try and break the US debt ceiling deadlock with a call to the top Republican leader before the clock ticks down on a feared national default.. - 'Hostage' accusation - The debt ceiling raise is usually an uncontroversial annual procedure but this year the increasingly hard-right Republican party has turned the threat of default into a powerful lever to try and force Biden to accept making heavy spending cuts.
A guitar smashed on stage by Nirvana front man Kurt Cobain sold for nearly $600,000, several times its original estimate, an auction house said Saturday.. "Kurt Cobain, when he was on stage, when he played, he was a machine.
The explosion of generative AI has taken the world by storm, but one question all too rarely comes up: Who can afford it?. Microsoft CEO Satya Nadella insists that generative AI is "moving fast in the right direction."
A private mission to the International Space Station (ISS) organized by Axiom Space is due to blast off from Florida on Sunday, carrying the first two Saudi astronauts to go to the orbiting laboratory. . Axiom Space carried out its first private astronaut mission to the ISS in April 2022, sending three businessmen and former astronaut Michael Lopez-Alegria to spend 17 days in orbit as part of Ax-1.
Talks to avoid a US debt default were on a knife edge Saturday as President Joe Biden warned he would not accept "extreme" Republican demands but suggested there remained a path to success.. While Biden will not accept "extreme" Republican policies, "there remains a path forward to arrive at a reasonable bipartisan agreement if Republicans come back to the table to negotiate in good faith," LaBolt said.
