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Hong Kong's Cathay Pacific posts first operating profit since 2019
Hong Kong carrier Cathay Pacific on Wednesday reported its first annual operating profit since 2019 as it fights to return to pre-pandemic flight capacity. The company said in its earnings statement Wednesday that it operated at one-third of pre-pandemic passenger flight capacity in December but expects to reach 70 percent by the end of 2023.
Kenyan innovators turn e-waste to bio-robotic prosthetic
Two portraits of Albert Einstein hang on the walls of a makeshift laboratory on Nairobi's outskirts, inspiring a pair of self-taught Kenyan innovators who have built a bio-robotic prosthetic arm out of electronic scrap. The pair hope to turn their prosthetic arm and other innovations into a thriving business.
China's students leap 'Great Firewall' to get homework help from ChatGPT
Chinese schoolchildren are turning to AI bot ChatGPT to slash their homework time -- vaulting the country's "Great Firewall" to write book reports and bone up on their language skills.
Activist investor triggers real-life K-pop industry drama
It is the kind of K-drama that rivets millions of viewers -- bitter boardroom battles, expensive lawyers, hostile takeover claims and high-stakes shareholder meetings.
Asia tracks Wall St losses after Powell's rate hike warning
Markets sank Wednesday, the dollar held big gains and oil struggled to recover from hefty losses after Federal Reserve boss Jerome Powell opened the door to a quicker pace of interest rate hikes as officials battle to tame inflation. "If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes."
Greece faces fresh strikes, protests over rail crash
Greece faces a fresh round of mass strikes and nationwide protests on Wednesday as anger mounts over the country's worst rail tragedy that killed 57 people last week. But public anger remains widespread in Greece over decades of government mismanagement of the rail network and a failure to pursue safety reforms.
US probes rail firm's safety record after toxic derailment
The US transportation regulator announced a special investigation Tuesday into the safety record of Norfolk Southern Railway, a month after one of its trains derailed and released toxic chemicals in an Ohio town. Another Norfolk Southern train derailed on March 4 near Springfield, Ohio.
Airbus deliveries bounce back in February
Airbus deliveries bounced modestly back in February following a poor January as the group announced on Tuesday it delivered 46 commercial aircraft to clients and also took 99 new orders. But the manufacturer delivered 39 A320 jets over 16 in January.
US Justice Dept sues to block JetBlue-Spirit airline merger
The US Justice Department on Tuesday sued to block a $3.8 billion JetBlue-Spirit airline merger, saying that the combination would harm consumers and violate antitrust law. On Tuesday, the Justice Department said removing Spirit from the travel market would "eliminate the unique competition" it provides as a low-cost carrier.
AFP
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