Aircraft manufacturer Boeing started the year 2023 with a quarterly loss. In addition, the American group was still experiencing problems with the parts supply, which led to delays and higher costs. At the same time, Boeing announced that it would increase the production rate for its 737 MAX aircraft. A […]
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Plans to Sell Silicon Valley Bank in Pieces
The US authorities have failed to find a Silicon Valley Bank (SVB) buyer. So they plan to break up the California bank, which went bankrupt after a bank run. That writes the financial agency Bloomberg based on sources close to the file. According to the sources, the federal government agency […]
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The US Justice Department is Investigating Memphis Police After the Death of Tire Nichols
The U.S. Department of Justice has announced an investigation into the Memphis police department following the death of Tire Nichols in a brutal traffic stop. The ministry announced that the investigation would focus on guidelines, practices, training and procedures related to using force and de-escalation. The work of the special […]
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iPhone Maker Foxconn’s Revenue Plummets Despite Restart in China
iPhone producer Foxconn reported a sharp decline in revenue last month, despite increased sales following the reopening in China. In February, its turnover fell by almost 12 percent to 12.2 billion euros after conversion, according to the Taiwanese company yesterday. The company’s massive iPhone assembly complex in the Chinese city […]
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Google Wants to Decipher Doctor’s Notes
The tech giant says it is working on a technique that can automatically recognize the handwriting on doctor’s notes to extract the diagnoses and prescribed medicines. Doctor’s handwriting is known for its illegibility, but Google sees this as a challenge. So the company now wants to decipher doctors’ notes automatically […]
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Tesla Helps Investigate Chinese Crash But Denies Runaway Car
Tesla is helping a police investigation into a crash of one of its cars in China. However, the American producer of electric cars already states that the Model Y SUV that crashed at high speed earlier this month did not run wild. Images of the crash caused a stir last […]
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CEO JPMorgan Chase: Geopolitical Unrest is the Biggest Concern
The geopolitical tensions in the world surrounding the war in Ukraine and the deteriorating relationship between the West and China are of greater concern to the global economy than a recession. That said, Jamie Dimon, CEO of major US bank JPMorgan Chase at an economic forum in Saudi Arabia. “The […]
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Facebook Parent Company Must Sell Giphy From British Regulator
The American multinational Meta, the parent company of Facebook and Instagram, will then have to sell the GIF website Giphy. The Competition and Markets Authority (CMA), the British market regulator, has decided this. Meta appealed the decision, but that has now failed. Meta acquired Giphy in May 2020 in exchange […]
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More New US Jobs Than Expected, Unemployment Falling
Last month, 263,000 jobs were added in the United States. The US Department of Labor reports this in its monthly jobs report. There were more than in August, and unemployment also fell further. The jobs report suggests that the US economy is still strong, despite previous steps to curb high […]
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Wall Street Remains Closed for Labor Day
Stock exchanges in New York will remain closed on Monday for Labor Day. Workers’ Day is always celebrated in the United States after the first weekend in September. Trading will resume on Wall Street on Tuesday. US President Joe Biden is taking a holiday to visit unions in Pennsylvania and […]