A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport. Eric Thayer | Bloomberg | Getty Images Boeing narrowed its losses at the end of last year, but its CEO said now is “not the time” for financial targets as the manufacturer grapples with the fallout from a […]
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To stream or not to stream: Hollywood studios could send more films to the big screen as Wall Street pushes for profits
Bebe Wood, Renee Rapp and Avantika Vandanapu star as The Plastics in the 2024 adaptation of “Mean Girls.” Paramount Paramount is making a habit of greenlighting low- to mid-budget films for its streaming service, only to about-face and send them to theaters first. As the media company and its rivals […]
Novo Nordisk hits $500 billion in market value as it flags soaring demand for Wegovy, Ozempic
Liselotte Sabroe | Afp | Getty Images Novo Nordisk on Wednesday reported better-than-expected 2023 earnings, as sales of its wildly popular anti-obesity and diabetes drugs continued to soar. The maker of weight loss drug Wegovy and diabetes drug Ozempic reported an increase in sales of 31% in Danish kroner and […]
Samsung Electronics’ semiconductor business reports record annual loss
Samsung logo displayed on a phone screen with a binary code reflected on it, a laptop keyboard, a memory card, an adaper and cables are seen in this illustration photo taken in Krakow, Poland on January 30, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Jakub Porzycki | Nurphoto | […]
Taylor Swift’s label UMG to pull music from TikTok, accusing the social media app of bullying
Allen J. Schaben | Los Angeles Times | Getty Images Universal Music Group said on Wednesday that it will cease licensing its music to TikTok and accused the short-form video giant of bullying and intimidation in its contract negotiations. A music licensing agreement between UMG and TikTok, which is owned […]
Pakistan ex-PM Imran Khan hit with new 14-year jail sentence, a day after receiving 10-year term
Pakistan’s former Prime Minister Imran Khan. Asif Hassan | Afp | Getty Images Pakistan’s embattled former Prime Minister Imran Khan was hit with a fresh 14-year jail sentence on Wednesday after a state court found him guilty of graft, just one day after being handed a 10-year term on a […]
Pakistan ex-PM Imran Khan hit with new 14-year term sentence, a day after receiving 10-year term
Pakistan’s former Prime Minister Imran Khan. Asif Hassan | Afp | Getty Images Pakistan’s embattled former Prime Minister Imran Khan was hit with a fresh 14-year jail sentence on Wednesday after a state court found him guilty of graft, just one day after being handed a 10-year term on a […]
’50 shades of green’: UN’s Usher highlights financing challenge for companies still in green transition
Greenwash activists take part in the final day of four days of The Big One climate protest activities organised by Extinction Rebellion (XR) on 24 April 2023 in London, United Kingdom. Mark Kerrison | In Pictures | Getty Images The head of the United Nations Environment Programme Finance Initiative believes […]
U.S.-China fentanyl talks get off to a ‘productive’ start, security advisor says
Chinese Minister of Public Security Wang Xiaohong (C) announces the launch of the U.S.-China Counternarcotics Working Group next to U.S. Deputy Assistant to the President and Deputy Homeland Security Advisor Jen Daskal (center L) at the Diaoyutai State Guesthouse in Beijing on January 30, 2024. Ng Han Guan | Afp […]
Boeing is set to report fourth-quarter results in the shadow of 737 Max 9 crisis
A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport. Eric Thayer | Bloomberg | Getty Images Boeing on Wednesday is set to report fourth-quarter results and answer to investors eager to hear how a midair blowout on one of the plane maker’s new 737 Max 9s could […]