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2023 inflation tops 211 percent in economic crisis-torn Argentina
Argentina's annual inflation surged beyond 200 percent in 2023, the statistics agency said Thursday, as the country grapples with an economic crisis new President Javier Milei has vowed to address by slashing state spending. Milei has warned the country is on the brink of hyperinflation, and said economic "shock" treatment was the only solution.
US opens safety probe into Boeing after Alaska Airlines incident
The US Federal Aviation Administration (FAA) announced Thursday it is launching a safety probe into Boeing following last week's near-catastrophic incident on an Alaska Airlines-operated 737 MAX. "This incident should have never happened and it cannot happen again," the FAA said in a statement, after a panel known as a "door plug" blew out of the plane over the western US state of Oregon.
Iran seizes oil tanker off Oman in dispute with US
Iran's navy seized a ship off Oman to retaliate for the "theft" of its oil from the same tanker last year by the United States, state media said Thursday. The seizure was in retaliation for "violation committed by the Suez Rajan ship... and the theft of Iranian oil by the United States", IRNA said.
At CES, tech for sleep, not late night scrolling
Technology causes us to lose sleep, but can it also give it back? "The reality about sleep is, the more you work for it, often, the more it will elude you," she said, explaining that the sleep metrics "can actually be anxiety provoking."
Airbus says record 2,094 planes ordered in 2023, 735 delivered
European planemaker Airbus said Thursday that it secured 2,094 net plane orders last year, a record for the group as airlines prepare for further global passenger growth and seek out more fuel-efficient planes.
Hertz to shrink EV rental fleet over sluggish US demand
Hertz said Thursday it will sell one-third of its electric vehicle (EV) automobiles to resize its fleet in line with slowing demand growth for emission-free transport. The rental car giant will sell 20,000 EVs in the United States, steering a portion of the funds to purchase "internal combustion engine vehicles to meet customer demand," Hertz said in a securities filing.
India's TCS, Infosys see revenue dips on client spending cuts
Indian IT giants TCS and Infosys both signalled weak revenue growth in quarterly results Thursday as a client spending slowdown deepened a seasonally weak time for the sector. Revenue from TCS operations was 605.8 billion rupees ($7.29 billion) for the December quarter -- a four percent on-year increase that represents its lowest revenue growth figure in two years.
US consumer inflation jumps more than expected to 3.4%
Consumer inflation in the United States rose more than anticipated in December, government data showed Thursday, underscoring the bumpy road to cooling price increases as the presidential election looms. From November to December, CPI rose 0.3 percent, up from the prior month's figure as well.
London mayor urges closer UK ties with EU
London's mayor called Thursday for closer ties with Europe and a better debate about immigration as he branded Brexit a "key contributor" to Britain's cost-of-living crisis. "It's a key contributor to the cost-of-living crisis right now and it's resulting in lost opportunities, lost business and lost income."
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