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Business

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As prices of EVs fall, manufacturer Rivian to reduce workforce by 6%

IRVINE, California: In an effort to cut costs in preparation for an industry-wide price war, electric vehicle manufacturer Rivian Automotive, ...

Seeking to stem losses, Intel to cut executive salaries

SANTA CLARA, California: One week after Intel forecasted lower-than-expected sales caused by a loss of market share to rivals and ...

Biden plan seeks to cut credit card fees, charges for apps

WASHINGTON D.C.: As part of a wider policy drive to increase competition in consumer markets, President Joe Biden has announced ...

As stocks and bonds suffer, Norway wealth fund sees record losses

OSLO, Norway: Ending a three-year run of profits as stock and bond prices were hit by rising inflation and Russia's ...

Historic unemployment low fails to deter profit-takers, Nasdaq sheds 194 points

NEW YORK, New York - Strong economic data failed to stem profit-taking on the major U.S. bourses on Friday, while ...

US concerned over rights at Mexico auto factory, seeks corrections

WASHINGTON D.C.: The US has again asked Mexico to investigate claims that workers at an auto parts facility of American ...

Airlines

Section
Ireland's Dublin Airport closed for 25 minutes because of drone

DUBLIN, Ireland: Dublin Airport was briefly shut down on Friday after a drone was discovered flying within its airspace.Officials diverted ...

After 11,000 US flights disrupted, FAA updates its computers

WASHINGTON D.C.: In a letter to lawmakers last week, the US Federal Aviation Administration (FAA) said it had put in ...

Air India begins update with purchase of nearly 250 aircraft

NEW DELHI, India: Marking a year since the Tata Group took control of Air India, the former state-run carrier has ...

Surge in air travel demand continues, may lessen, says observers

NEW YORK CITY, New York: After reporting record revenues in the fourth-quarter of 2022, US airlines expect strong travel demand ...

Joe Biden wanted US to shoot down Chinese balloon "as soon as possible"

By Reena BhardwajWashington [US], February 5 (ANI): US President Joe Biden said that the mission to shoot down a suspected ...

Assam governor visits Tinsukia, asks Dy Commissioner to implement Central schemes

Guwahati (Assam) [India], February 5 (ANI): Assam Governor Prof Jagdish Mukhi, who was on his visit to the Tinsukia district ...

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