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Brazil airline Azul files for bankruptcy protection in US
Brazil's biggest airline by number of flights and destinations, Azul, announced Wednesday it had filed for bankruptcy protection in the United States to try restructure debt arising from the pandemic and from supply chain issues. Its main Brazilian competitor Gol filed for Chapter 11 bankruptcy in the United States in January 2024. ll/lg/cb/bjt
Telegram to get $300 mn in partnership with Musk's xAI
Telegram established a partnership with Elon Musk's xAI to provide the Grok generative artificial intelligence program on the messaging service for one year, Telegram's CEO announced Wednesday.
Longer flight delays without compensation? EU plan divides
The EU is considering allowing airlines to incur longer flight delays without having to compensate passengers in a move that has consumer groups up in arms and is dividing member states. It would also have stripped about 75 percent of passengers of the right to compensation, said Europe's BEUC umbrella consumer rights group.
German court sets climate precedent but rejects Peruvian farmer's claim
A German court on Wednesday rejected a climate case brought by a Peruvian farmer against energy giant RWE, but set a potentially important precedent on polluters' liability for their carbon emissions. The court, however, rejected Lliuya's claim against RWE, saying there was "no concrete danger to his property" from a potential flood.
Asian stocks rally fades as Japan debt sale disappoints
Asian equities wobbled Wednesday as investors struggled to track a Wall Street rally fuelled by forecast-beating US consumer confidence data, with a weak Japanese debt sale adding to worries about rising bond yields. Bonds yields rise and prices fall when demand is weak.
Jeep owner Stellantis names Italian Antonio Filosa as new CEO
Auto giant Stellantis, whose brands include Jeep, Peugeot and Fiat, on Wednesday named company veteran Antonio Filosa as its new chief executive officer as the US-European group navigates US tariffs and slumping North American sales. Filosa, who has previously served as chief executive of the Jeep brand, was promoted to the role of chief operating officer for the Americas region in December.
China not trying to 'replace' US in Colombia: ambassador
China is not seeking to "replace" the United States as the top trading partner of Colombia, Beijing's ambassador to Bogota, whose president has announced a pivot to China, told AFP on Tuesday. "China is coming to offer our collaboration, not to replace anyone, nor seeking to take someone's place," Zhu Jingyang told AFP on the sidelines of a media briefing.
SpaceX set for next Starship launch after fiery failures
SpaceX is set Tuesday for the next test flight of its Starship megarocket -- the linchpin of founder Elon Musk's Mars ambitions -- after the vessel's last two outings ended in fiery explosions.
'No-kids' holiday venue? Think again, says France
The French government is mulling measures to clamp down on adult-only hotels and restaurants, with a top official warning that hospitality venues excluding children in a so-called "no kids" strategy were dividing society.
AFP
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