Australian media: Second Australian teenager dies after drinking tainted alcohol in Laos
BANGKOK (AP) — Australian media: Second Australian teenager dies after drinking tainted alcohol in Laos.
BANGKOK (AP) — Australian media: Second Australian teenager dies after drinking tainted alcohol in Laos.
China must develop new chip-design technologies that do not rely on advanced manufacturing processes, according to one of the mainland's leading authorities on semiconductors, as the domestic integrated circuit (IC) industry faces increased US technology restrictions. "It's time to commit to building our own technological ecosystem," Wei Shaojun, a professor at Tsinghua University's School of Integrated Circuits and vice-president of the China Semiconductor Industry Association, said in his keyn
The 10-year deal is for the supply of 500,000 barrels of oil per day, or about 0.5 per cent of the world’s supply
STORY: Korean Air said Thursday it has completed its long-drawn-out acquisition of local rival Asiana. That creates one of Asia’s biggest airlines. The $1.3 billion deal was first announced four years ago, making it the longest time ever to complete a tie-up between two carriers. Progress was hampered by competition concerns. Korean had to make significant concessions to mollify watchdogs around the world. That included handing routes to other airlines, and selling off Asiana’s cargo business. Now the enlarged group looks set to account for just over half of South Korea’s passenger capacity. And it will rank 12th among world airlines, measured by international capacity. That’s all according to a Reuters analysis of available data. Korean says the takeover will not mean layoffs. It says Asiana will be run as a subsidiary for two years, before the companies are fully integrated. The new entity will then retain the Korean Air name, but under new branding. A single low-cost carrier will also be created as part of the reorganisation.
The male accuser was one of several who filed a lawsuit in October with Houston-based attorney Tony Buzbee accusing the music mogul of sexual assault
The US government plans to issue a new rule before the end of this month aimed at curbing Chinese companies' sourcing of advanced artificial intelligence (AI) chips from unrestricted third-party countries, according to sources. The new export control measure will focus on controlling the global shipments of powerful graphics processing units (GPUs) that have become instrumental in the training of AI models, closing loopholes in existing rules, according to two people familiar with the matter, wh
Amazon Studios’ Glenn Gainor is backing humans over artificial intelligence, as he posited that the industry needs to embrace change during “an incredible inflection point.” Gainor is Head of Physical Production, Amazon Original Movies, at Amazon Studios. “We are in an incredible inflection point as an industry, as a community and as storytellers,” he said …
STORY: The Middle East is a key air corridor for planes heading to India, South-East Asia and Australia.But with recent instability, the safety debate about flying over the region is playing out.Concerns are being raised in Europe particularly, because pilots there are protected by unions, unlike other parts of the world.Reuters spoke to four pilots, three cabin crew members, three flight security experts and two airline executives about growing safety concerns in the European air industry.Reuters also reviewed nine unpublished letters from unions representing pilots and crews.They expressed worries about air safety over Middle Eastern countries.The letters were sent to multiple airlines, the European Commission and the European Union Aviation Safety Agency in the summer.In late September, an experienced pilot at Wizz Air felt anxious after learning his plane would fly over Iraq at night amid mounting tensions between nearby Iran and Israel.He decided to query the decision since just a week earlier the airline had deemed the route unsafe. According to the pilot, Wizz Air's flight operations team told him the airway was now considered secure and he had to fly it.Days later, Iraq closed its airspace when Iran fired missiles on October 1st at Israel. In response to Reuters' queries, Wizz Air said safety is its top priority and it had carried out detailed risk assessments before resuming flights over Iraq and other Middle Eastern countries.In other letters, staff called on airlines to be more transparent about their decisions on routes.The ongoing tensions between Israel and Iran and the abrupt ousting of President Bashar al-Assad by Syrian rebels at the weekend have raised concerns of further insecurity in the region.Some European airlines including Lufthansa and KLM allow crew to opt-out of routes they don't feel are safe.But others such as Wizz Air, Ryanair and airBaltic don't.AirBaltic said the airline meets an international safety standard that doesn't need to be adjusted.Ryanair, which intermittently flew to Jordan and Israel until September, said it makes security decisions based on EASA guidance.Passenger rights groups are also asking for travelers to receive more information.
TURIN (Reuters) -Stellantis will be compliant with European Union targets for 2025 intermediate carbon reduction, aiming to increase electric vehicle (EV) sales or potentially to cut production of petrol vehicles, the company's European head said on Thursday. Jean-Philippe Imparato, who took up Europe's chief position in October, said the company has no intention of paying EU fines in 2025, adding this was not even a "talking point" for Stellantis. Based on EU rules, Stellantis's EV sales in Europe would have to increase from 12% of the current total to 21%, he said, with potential fines of 300 million euros ($315 million) for any missed percentage point.
Oil demand is down while supplies are ample — which allows the US to tighten energy sanctions against Russia without a surge in prices.
India will reach a decision soon on whether to impose import restrictions on metallurgical coke, a key ingredient in steelmaking, a source with direct knowledge of the matter told Reuters. India, the world's second-largest producer of crude steel, proposed a plan in April to protect local suppliers of low-ash metallurgical coke by imposing country-specific quotas to limit annual imports to 2.85 million metric tons for one year. Those consultations have concluded, and the decision is now pending with the federal trade ministry, the source said on Wednesday.
If you've met with a financial planner or sought retirement advice online, you've likely heard of the 4% rule, a guideline used by retirees to help plan how much they can safely spend in retirement...
A total of 148,413,063 preferential offering units will be issued at the issue price of $2.03 per preferential offering unit.
India is weighing imposition of a "safeguard duty", or a temporary tax, on steel, the steel minister, H.D. Kumaraswamy, said on Thursday, as it attempts to rein in a flood of cheap imports from China. The world's second-biggest producer of crude steel, India became a net importer of the alloy in the fiscal year to March 31, with imports surging to a seven-year high during the first seven months of the current financial year. The ministry has sought imposition of 25% safeguard duty or a temporary tax for two years on flat-steel products to curb cheap Chinese imports, Reuters reported last week.
In December 2024, global markets have been marked by mixed performances, with major U.S. indexes like the S&P 500 and Nasdaq Composite reaching record highs while others like the Russell 2000 experienced declines. Amidst this backdrop of divergent sector performances and geopolitical developments, investors may find opportunities in stocks that appear undervalued by the market. Identifying such stocks often involves looking beyond current market trends to assess a company's intrinsic value...
Woody Allen 's former personal chef claims in a lawsuit that the filmmaker and his wife fired him because of his service in the U.S. Army Reserves and questions about his pay, then “rubbed salt on the wounds” by saying they didn't like his cooking. Allen and Soon-Yi Previn “simply decided that a military professional who wanted to be paid fairly was not a good fit to work in the Allen home,” private chef Hermie Fajardo said in a civil complaint filed Tuesday in federal court in Manhattan. Allen and Previn knew Fajardo would need time off for military training exercises when they and their home manager hired him as their full-time chef in June 2024 at an annual salary of $85,000, the complaint said.
(Reuters) -Oil prices settled more than $1 higher on Wednesday after the European Union agreed to an additional round of sanctions threatening Russian oil flows that could tighten global crude supplies. European Union ambassadors agreed on Wednesday to a 15th package of sanctions on Russia over its war against Ukraine, the Hungarian EU presidency said. "I welcome the adoption of our 15th package of sanctions, targeting in particular Russia's shadow fleet", European Commission President Ursula von der Leyen said on X.
Macy's said its CEO Tony Spring and financial chief Adrian Mitchell, under the board's oversight, re-evaluated the effectiveness of the internal control and noted that its financial reporting was not effective as of Feb. 3, due to the material weakness. The department store chain said it was implementing changes to improve its internal control and to remediate the material weakness.
The shocking new lawsuits allege Combs knocked out the men with alcohol before "frighteningly consistent" sexual assaults. The incidents took place between 2019 and 2022, according to documents filed in New York's Supreme Court and obtained by NBC. The way Combs went after these men was "very consistent, frighteningly consistent, exactly consistent," lawyer Thomas Giuffra told NBC News. One of the accusers alleged that Combs and "his associates from Bad Boy Records" took turns in the sexual assault.
“This was not theft,” Macy’s chief financial officer confirmed Wednesday.
Nvidia's promotional store on China's biggest e-commerce site has become the centre of speculation over whether the US tech giant will pull back from China after being targeted by Beijing in an antitrust investigation. Nvidia's GeForce store on Alibaba Group Holding's Tmall e-commerce platform opened in 2016, and now has over 123,000 followers. The homepage provides links to sellers offering video game laptops equipped with GeForce graphics cards, but the Nvidia store does not sell products dire