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LA Times staff walk out over job cut threats
Unionized journalists at the Los Angeles Times walked off the job Friday for the first time in the paper's 142-year history, after management said it planned significant job cuts to help plug a gaping financial hole. No official number was put on the planned job cuts, but reports said it could be at least 100 journalists -- around a fifth of the newsroom.
US Fed official says 'premature' to expect rate cuts soon
The US Federal Reserve's fight against inflation is far from over and it is "premature" to expect rate cuts around the corner, a senior US central bank official said Friday. The interventions from Fed officials this week appear to have changed market perceptions of when the US central bank will start loosening monetary policy, with futures traders now far less confident of a March rate cut.
Boeing 747 cargo plane makes emergency landing in Miami
An Atlas Air Boeing 747 cargo plane made an emergency return to Miami International Airport following an engine problem shortly after takeoff, the airline said -- prompting another investigation into the aviation giant.
Sports Illustrated magazine lays off staff
Staff at Sports Illustrated, the famed American sports magazine that became a fixture for athletes and fans, were laid off on Friday by publisher The Arena Group, according to the SI employees union.
In Davos, African nations want to tell a different story
From South Africa to Rwanda to Nigeria, African countries put on a show of force at the World Economic Forum this week, seeking to transform their image by grabbing private investment rather than development aid.
ING targeted in new Dutch climate legal case
The Dutch climate activists who won an historic court battle against Shell now have a new target -- top Dutch bank ING. Milieudefensie, the Dutch branch of Friends of the Earth, said Friday they have started legal proceedings against ING, and warned that other top companies could be next.
US existing home sales fall to lowest level since 1995
US existing home sales fell in the final month of 2023, ending a tough year for real estate as full-year sales hit the lowest level since 1995, said industry data released Friday. While home prices tend to be higher in the summer months, "this is the highest December median home price ever," Yun said on Friday.
Eiffel Tower topped pre-Covid visitor numbers in 2023
The Eiffel Tower in Paris welcomed 6.3 million visitors last year, its management company said Friday, more than came in 2019 before the Covid-19 pandemic. Last year's visitor numbers -- up eight percent year-on-year -- were juiced by events to honour its designer Gustave Eiffel 100 years after his death, the SETE operating company said in a statement.
In Davos, AI excitement persists but fears over managing risks
Walking around in Davos where the global elites gathered for the World Economic Forum this week, there were two inescapable words on the windows: artificial intelligence. AI was the buzzword on everyone's lips at the World Economic Forum, when they weren't talking about a possible return of former US president Donald Trump.
AFP
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