Sun, 05 Feb 2023

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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

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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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