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Boeing deliveries shrink 29% in Jan amid pressure to increase safety
BOEING said on Tuesday (Feb 13) it delivered 27 airplanes in January, down 29 per cent from the same month last year as regulators, lawmakers and customers pressured the...
Bitcoin snaps 7-day winning streak after breaching US$50,000 plateau
BITCOIN fell for the first time in eight trading sessions as speculators sought a respite following the recent rally that pushed the largest cryptocurrency beyond US$50,000 for the first...
US: Wall St dives at open as hot inflation data drives rate-cut jitters
WALL Street’s main indexes slid at the open on Tuesday (Feb 13) after a hotter-than-expected consumer inflation reading drove US Treasury yields higher, squashing market speculations for imminent interest...
Paramount to cut 800 jobs days after record Super Bowl
PARAMOUNT Global is letting go of about 800 staffers days after the company’s coverage of the Super Bowl set a record for the most-watched programme in US television history,...
Private credit returns beat buyout funds for a second straight quarter
RETURNS for private debt funds have beaten those of private equity (PE) for a second straight quarter, with higher interest rates juicing returns for direct lenders just as buyout...
Korean Air wins EU’s approval for US$1.4 billion Asiana deal
KOREAN Air Lines’ US$1.4 billion bid for smaller rival Asiana Airlines won approval from the European Union, moving the deal one step closer to reality after the firms offered...
German investor morale improves, rate cut hopes have ‘doping effect’
GERMAN investor morale improved more than expected in February on hopes of interest-rate cuts, despite a dire assessment of current conditions, the ZEW economic research institute said on Tuesday...
Flight attendants join hands to picket outside 30 airports for better pay
THOUSANDS of flight attendants across three labour unions will picket outside airports in the US, the UK and Guam on Tuesday (Feb 13), to push airlines for new contracts...
