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Yellen says 'good policy' for EU to match US green plan with own subsidies
US Treasury Secretary Janet Yellen on Wednesday encouraged the idea of green subsidies by the European Union to offset feared harm from a vast US climate plan -- arguing there is enough business for all to benefit from the clean energy transition.
Disney lays off 7,000 as streaming subscribers decline
Entertainment giant Disney said Wednesday it was laying off 7,000 employees, in CEO Bob Iger's first major decision since he was asked back to lead the company late last year. Iger, who stepped down as CEO in 2020 after nearly two decades helming the storied company, was brought back after the board of directors ousted his replacement Bob Chapek.
Michael Jackson estate eyeing near-$1bn sale of music rights: report
The estate of Michael Jackson is closing in on a deal to sell half its interests in the megastar's music catalogue, in a deal worth up to $900 million, Variety reported. Variety, which cited three unnamed sources for its report, said the identity of Sony's partner in the blockbuster deal -- or even the existence of one -- was not clear.
UN aviation body sees recovery to pre-pandemic air travel in 2023
Demand for commercial travel is expected to make a full recovery in 2023, with volumes exceeding the 2019 level at the end of the year, a UN aviation body said Wednesday.
Uber reports surge in Q4 revenues, offers bullish outlook
Uber revenues surged in the fourth quarter on resurgent consumer activity as the ride-hailing company on Wednesday said it would be largely insulated from an economic downturn. Revenues in the fourth quarter jumped nearly 50 percent to $8.6 billion.
Google strikes back in AI battle with Microsoft
Google on Wednesday announced a slew of features powered by Artificial Intelligence (AI) as it ramped up a battle with Microsoft to maintain its dominance of the web search industry. But its promise to soup up its much-maligned Bing search engine put it on a collision course with Google, which has dominated the field for two decades.
Microsoft's Activision takeover bid dealt setback in UK
Microsoft's planned $69-billion takeover of video game giant Activision Blizzard could significantly harm competition and consumer choice, UK regulators concluded in provisional findings Wednesday. The CMA, which launched its in-depth probe in September, added that Microsoft's takeover "could result in higher prices, fewer choices, or less innovation for UK gamers".
Energy majors look for mega profits to roll on
The world's top oil and gas companies amassed record profits last year after Russia's invasion of Ukraine drove prices higher -- and they can expect the good times to roll on despite calls to tax them more.
India's Modi hits back at opposition after Adani furore
Indian Prime Minister Narendra Modi on Wednesday defended his record after criticism of his close association with tycoon Gautam Adani, whose business empire has been rocked by corporate fraud allegations. Modi was speaking a day after Rahul Gandhi of the opposition Congress party told the legislature that Adani's close ties with Modi had led to "tremendous growth and expansion of his businesses".
AFP
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