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Air France-KLM to order 50 long-haul Airbus A350s: group
Air France-KLM announced Monday that it was going to place a "major order" for 50 long-haul Airbus A350s, as part of its effort to introduce more fuel-efficient planes. The Airbus 350 is one of several more fuel efficient long-distance jets, along with other later generation planes including the Boeing 787 Dreamliner.
Macron promises heat pump boost in French climate plan
President Emmanuel Macron said on Monday France will triple its heat pump production over the next four years as part of a government climate plan. The climate plan, Macron said, was part of France's strategy to foster "an ecology that creates economic value" in Europe, and to end "our dependence on fossil fuels" the price of which he said totalled 120 billion euros per year for France.
Picasso masterpiece begins pre-auction tour in Dubai
A Pablo Picasso masterpiece expected to fetch at least $120 million at auction went on show Monday in Dubai, kicking off a set of rare viewings outside the United States. Walter, whose daughter with Picasso passed away last year, was also featured in "Femme assise pres d'une fenetre (Marie-Therese)", which sold in 2021 for $103.4 million by Christie's auction house.
'Regulate them': hard-up Indonesia traders urge TikTok sales ban
As clothing seller Hendri Tanjung struggles to hawk his tunics to Indonesian buyers outside his market shop, he says customers are turning to cheaper versions on TikTok, pummelling his income. Tanjung said a tunic he sells at 60,000 rupiah ($3.90), can be found for 40,000 rupiah on TikTok Shop, undercutting his business.
Amazon steps up AI race with $4 bn Anthropic investment
Amazon said on Monday it would invest up to $4 billion in AI firm Anthropic, as the online retail giant steps into an AI race dominated by Microsoft, Google and OpenAI. The success of OpenAI's ChatGPT, a chatbot released last year that is able to generate poems, essays and other works with just a short prompt, has led to billions being invested in the field.
Scandal-hit UK business lobby wins funds to carry on
Britain's scandal-hit business lobby, the CBI, has received funds to remain operational following reports it was in grave financial trouble in the wake of sexual misconduct allegations. CBI director-general Rain Newton-Smith in April replaced Tony Danker, who departed over a separate misconduct allegation.
Paris Fashion Week promises drama and departures
Milan Fashion Week was not even over and the fashionistas were already heading to Paris on Monday for another 100-plus shows in the hectic womenswear season. Paris is the last of the big four fashion weeks in the busy September calendar that sees back-to-back events in London, New York and Milan.
EU blocks Booking takeover of Swedish travel group
The EU vetoed a bid by US online travel agency Booking to take over Swedish rival Etraveli Group Monday over fears the deal would harm competition and risked raising prices for customers. The EU also feared the deal would lead to Booking using Etraveli to become the main online travel agency for flights in addition to hotels.
'Humans of New York' creator slams Indian version for suing rival
The creator of "Humans of New York" has slammed an Indian version of the blog for suing a rival, accusing it of unreasonably monetising the stories of its subjects.
AFP
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