Economy
Asian stocks build on Wall St records after US inflation data
Asian traders extended a rally across world markets Thursday as they welcomed figures showing US inflation slowed further last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year.
Japan's escargot entrepreneur achieves the 'impossible'
Far from Parisian bistros serving up Burgundy snails, one Japanese man has figured out how to farm the slimy species -- a feat that has long eluded the French. Around five percent are homegrown in France, but these are a different species, helix aspersa, which are easier to farm and do not have the "Burgundy" name.
Tesla in last-minute shareholder sprint for huge Musk pay package
Electric vehicle company Tesla kept up the campaign to win last-minute votes ahead of a Thursday shareholder meeting that will weigh in on CEO Elon Musk's giant compensation package. "We think investors should buckle up for what could be a volatile week for shares ahead of Tesla's annual meeting on Thursday," said a note from CFRA Research's Garrett Nelson.
Trump in Washington to woo Republican lawmakers
Donald Trump returns to Washington on Thursday to rally support from Republican lawmakers and the business community following his historic criminal conviction in his New York hush money trial.
Boeing faces deadline to rebut possible US prosecution
Boeing faces a Thursday deadline to respond to a US Department of Justice determination that the planemaker can be prosecuted for violating a 2021 deal that allowed it to escape criminal prosecution over two fatal 737 MAX crashes.
Fired SpaceX workers sue Elon Musk over workplace abuses
Workers fired by SpaceX filed a lawsuit Wednesday accusing Elon Musk of fostering a sexist "Dark Ages" culture at the company he founded. The fired workers have already filed a complaint with the US National Labor Relations Board, but that has been stalled by a lawsuit by Musk trying to derail it.
Brazil's Lula defends oil exploration near Amazon River
Brazil's President Luiz Inacio Lula da Silva said Wednesday that a controversial offshore oil exploration plan near the mouth of the Amazon River was a key opportunity for the country's growth. Plans to explore for oil in an offshore basin near the mouth of the Amazon River have angered environmentalists and divided the Lula administration.
Ford says to cut 1,600 more jobs at Valencia factory
US carmaker Ford on Friday said it would seek to cut another 1,600 jobs at its factory near Valencia in eastern Spain, where it already axed 1,100 positions last year. In March 2023, Ford announced plans to cut around 1,100 jobs at the same factory as it moved to reorganise its European operations, angering Spain's left-wing government.
FedEx to cut up to 2,000 jobs in Europe
FedEx will eliminate up to 2,000 jobs in Europe as part of a cost-cutting drive in response to lackluster demand, the shipping company announced Wednesday. The job cuts come as FedEx doubles down on expense reduction and downsizing in response to demand across its businesses that ranged from flat to lower in the most recent quarter.
Economy
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