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Financial Markets

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Airlines brace for higher costs, cuts as jet fuel supplies tighten
Airlines brace for higher costs, cuts as jet fuel supplies tighten

NEW YORK CITY, NEW YORK: A deepening jet fuel crunch linked to the Iran war and the closure of the Strait of Hormuz is raising fears...

Apple, Huawei defy slowdown as China smartphone sales fall
Apple, Huawei defy slowdown as China smartphone sales fall

BEIJING, China: Apple recorded a sharp rise in iPhone shipments in China in the first quarter, outperforming rivals even as the broader...

Fed probe intensifies as Trump threatens to fire Powell
Fed probe intensifies as Trump threatens to fire Powell

WASHINGTON, D.C.: A federal investigation into the Federal Reserve's US$2.5 billion headquarters renovation intensified this week after...

Investors rattle as Netflix co-founder Hastings steps down
Investors rattle as Netflix co-founder Hastings steps down

LOS ANGELES, California: Netflix shares fell sharply in premarket trading after co-founder and chairman Reed Hastings announced he...

Dow Jones surges 869 points on Strait of Hormuz opening
Dow Jones surges 869 points on Strait of Hormuz opening

NEW YORK, New York - U.S. stocks shot higher on Friday, with major indices notching up record highs intra-day and at the close. Earlier...

Israel, Lebanon to pause fighting for 10 days, Trump announces
Israel, Lebanon to pause fighting for 10 days, Trump announces

WASHINGTON, D.C.: U.S. President Donald Trump said there would be a 10-day pause in fighting between Israel and Lebanon starting at...

Technology

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Meta plans first job cuts in May, more layoffs expected later
Meta plans first job cuts in May, more layoffs expected later

NEW YORK CITY/SAN FRANCISCO: Meta Platforms is set to begin a major round of layoffs on May 20 as part of a broader restructuring tied...

Pentagon reliance on SpaceX faces scrutiny after Starlink outage
Pentagon reliance on SpaceX faces scrutiny after Starlink outage

WASHINGTON, D.C.: A Starlink outage that disrupted U.S. Navy drone tests off the California coast has highlighted growing concerns...

Lawyers caution AI chats lack legal privilege after US ruling
Lawyers caution AI chats lack legal privilege after US ruling

WASHINGTON, D.C.: Conversations with artificial intelligence tools could be used as evidence in court, U.S. lawyers are warning, following...

Amazon inks $11.57 billion Globalstar deal to boost satellite push
Amazon inks $11.57 billion Globalstar deal to boost satellite push

SEATTLE, Washington: Amazon is making a major push into satellite communications with a US$11.57 billion deal to acquire Globalstar,...

C-DOT signs MoU with Jumps Automation to build gamification platform for cybersecurity awareness
C-DOT signs MoU with Jumps Automation to build gamification platform for cybersecurity awareness

New Delhi [India], April 20 (ANI): The Centre for Development of Telematics (C-DOT) on Monday signed a Memorandum of Understanding...

Labour union of Hyundai Motor demands 30% company's net profit as performance bonuses
Labour union of Hyundai Motor demands 30% company's net profit as performance bonuses

Seoul [South Korea], April 20 (ANI): The labour union of Hyundai Motor Group is seeking a performance bonus equivalent to 30 per cent...