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Trial opens in 1st US civil case on 2019 Boeing MAX crash
Relatives of victims in the fatal crash of a Boeing 737 MAX plane operated by Ethiopian Airlines headed to court Monday for the first civil trial relating to the 2019 calamity. Boeing reiterated in a statement that it is "deeply sorry" for the Ethiopian Airlines crash and for a separate 2018 MAX crash on Lion Air that killed 189 people, noting its commitment to settling cases when possible.
US Fed's Cook warns inflation to stay 'elevated' next year
A key US central bank official warned Monday that inflation would likely remain elevated in the coming year as tariffs bite, while vowing to fulfill her duties even as President Donald Trump seeks her removal. "As such, I expect inflation to remain elevated for the next year," Cook added.
Shein bans sex dolls after France outrage over 'childlike' ones
Asian e-commerce giant Shein said Monday it was banning all sex dolls from sale on its sites after French authorities condemned it for featuring ones resembling children. It later announced in a statement it was imposing a "total ban on sex-doll-type products" and had deleted all listings and images linked to them.
Denmark inaugurates rare low-carbon hydrogen plant
Denmark inaugurated one of Europe's few low-carbon hydrogen plants on Monday, a sector touted as a key to cleaner energy but plagued with challenges. According to the International Energy Agency (IEA), only four plants currently produce low-carbon hydrogen in Europe, none with a capacity greater than one megawatt.
German plans to lower industrial power costs from January
Germany plans to begin a scheme to slash energy costs for power-hungry manufacturers in January, the economy minister said Monday, part of efforts to revive Europe's struggling industrial powerhouse. "I am assuming that we will introduce the industrial electricity price from January 1, 2026," Economy Minister Katherina Reiche said at a conference in Berlin.
Video game creators fear AI could grab the controller
Generative artificial intelligence models capable of dreaming up ultra-realistic characters and virtual universes could make for cheaper, better video games in future, but the emerging technology has artists and developers on edge.
France threatens Shein ban if 'childlike' sex dolls reappear
France's finance minister threatened Monday to ban Shein from the country if the Asian e-commerce giant resumes selling "childlike" sex dolls, just days before it opens its first physical store in Paris. Shein is due on Wednesday to open its first physical store in the world inside the prestigious BHV Marais department store in central Paris, a move that has sparked outrage in France.
Most Asian markets rise on lingering trader optimism
Most stocks rose in Asian trade Monday after a busy last week, with optimism supported by another AI-led tech rally on Wall Street. Wall Street's gains Friday were tracked in most of Asia at the start of the week.
Trump's global tariffs to face challenge before Supreme Court
The US Supreme Court is set to hear arguments Wednesday on the legality of Donald Trump's unprecedented use of powers for sweeping global tariffs in a case striking at the heart of the president's economic agenda. Even if the top court found Trump's global tariffs illegal, the administration could tap other laws to impose 15-percent tariffs for 150 days.
AFP
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