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As prices soar, Japan returns to human waste fertiliser
It's cheap, recycled, and has centuries of tradition: "shimogoe" or "fertiliser from a person's bottom" is finding new favour in Japan as Ukraine's war hikes the price of chemical alternatives. He started using shimogoe last year, "because I wanted to cut costs, and for the social good" of recycling waste.
Workers approve latest contract at Boeing supplier Spirit
Striking workers at Spirit Aerosystems, a key Boeing supplier, will return to the factory after approving an enhanced four-year labor contract, the union said Thursday. Striking workers will return to their jobsites on July 5. jmb/tjj
July 4th weekend celebration to test US travel system
Travel forecasters are predicting record travel for the July 4th weekend, but this year's celebration may also be something of a battle with the elements. A record 50.7 million Americans are expected to venture at least 50 miles from home in the period heading into July 4th, eclipsing the prior peak of 49 million in 2019, according to the American Automobile Association.
Higher costs dent Nike profits
Nike reported a drop in quarterly profits Thursday despite higher sales due to the drag from increased costs and the liquidation of unwanted merchandise. Nike notched lower profit margins in the period, citing factors that included "higher product input costs and elevated freight and logistics costs" and "higher markdowns."
Google to block local news in Canada in response to media law
Google on Thursday became the latest Silicon Valley giant to block Canadian users from seeing local news on its platform after Ottawa passed a bill requiring tech companies to pay for such content. Tech giant Meta announced last Thursday that it too would block Canadian news on Facebook and Instagram.
US high court sets new rule for firms requiring work on religious holidays
The US Supreme Court set a tougher standard Thursday for companies to be able to claim "undue hardship" when requiring employees to work on religious holidays. Instead, the issue was how "undue hardship" was defined -- how much difficulty a business would have to incur to justify forcing a worker to work on a religious holiday.
UK govt hails OpenAI for choosing London base
The UK government on Thursday hailed a decision by ChatGPT creator OpenAI to open its first office outside the United States in London. The British leader wants a future global AI regulator to be based in London, angling for a place at the table as the United States and the European Union seek to establish an AI code of conduct.
Cambodian PM Hun Sen dumps Facebook on eve of poll campaign
Cambodian leader Hun Sen, a prolific Facebook user, vowed on Thursday to quit posting on the popular social media platform, days before he launches a re-election campaign. Hun Sen, who will kick off his re-election campaign on Saturday, said the Telegram app was "more efficient compared to Facebook".
Better supervision needed after bank failures: US Fed chair
US Federal Reserve Chair Jerome Powell said Thursday that stronger regulation and greater agility was required in supervising the banking sector following a string of high-profile failures earlier this year. "We need to strengthen both regulation and supervision," Powell told a banking conference in Madrid, referring to the turmoil that hit the banking sector in March.
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