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US fraud trial begins over Elon Musk's 2018 Tesla tweets
Jury selection began on Tuesday in a California courtroom over whether Elon Musk committed fraud with a pair of 2018 tweets saying he was poised to take Tesla private. Alex Spiro, Musk's lawyer, asked those up for jury selection to remain "open-minded" even if they will first hear the version of the accusers.
United Airlines sees 2023 profit jump amid tight capacity
Eyeing another year of strong travel demand and limited airline industry capacity, United Airlines projected a big jump in 2023 profits Tuesday after releasing fourth-quarter earnings that topped expectations. Limited air industry capacity has boosted airplane ticket prices and airline profits, as consumers seek out travel after the pandemic grounded many people.
Pfizer to sell more drugs at cost to poor nations
US pharmaceutical giant Pfizer announced on Tuesday that it will greatly expand the number of medicines and vaccines it sells on a not-for-profit basis to the world's poorest countries. In May, the drug giant had begun offering 23 of its patented drugs to poor countries on a not-for-profit basis.
International tourist arrivals doubled in 2022: UN
International tourist arrivals doubled in 2022 over the previous year, and should reach near pre-pandemic levels in 2023 thanks to the lifting of travel restrictions, especially in China, the UN's tourism body said Tuesday.
Ukraine sees tourism as 'crucial' for post-war revival
With its beaches targeted by Russian strikes and its hotels empty or closed since the start of the war, Ukraine has been deprived of an important source of income: tourism. "We will need time," admits the tourism chief, while insisting Ukraine had strong potential for attracting visitors with its Black Sea beaches, its historical sites and family ski resorts.
Electric car batteries could be key to boosting energy storage: study
Electric car batteries could be used to boost power storage in the future, injecting electricity into the grid during times of scarcity or storing electricity during periods of excess, a new study found Tuesday. It would also require proper "communication" between the power system and the electric cars.
US high court hears sanctions evasion case against Turkey's Halkbank
The US Supreme Court will hear arguments Tuesday in an appeal by Turkey's Halkbank against US charges that it violated sanctions on Iran. Halkbank was hit with criminal charges in 2019 that it took part in a year-long scheme to launder billions of dollars worth of Iranian oil and natural gas proceeds, violating US sanctions on Iran.
Goldman Sachs profits hit by big drop in mergers
Goldman Sachs reported a steep decline in fourth-quarter earnings on Tuesday on much lower merger activity in results that missed analyst expectations and weighed on shares. Goldman Sachs also cited a fall in equity and debt underwriting as a factor in the profit decline.
Son of Equatorial Guinea's ruler held for graft: state TV
One of the sons of Equatorial Guinea's veteran ruler has been arrested on suspicion of illegally selling a plane owned by the national airline, state TV said Tuesday. The channel said authorities opened an inquiry in late November "after discovering that an ATR 72-500 belonging to the national airline (Ceiba Intercontinental) had gone missing".
AFP
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