BUSINESS

A year after one of the Mediterranean's worst migrant shipwrecks killed more than 600 people, lawyers for survivors pursuing a criminal case against the Greek coastguard gave fresh details on the case Thursday.

Disney has committed to investing at least $8 billion in the resort over the next decade, and a total investment of $17 billion over the next 10 to 20 years.

Russia's main stock exchange halted dollar and euro trades on Thursday after the United States hit Moscow with a new package of sanctions over its military offensive in Ukraine.

The European Union said this week it would slap additional tariffs of up to 38 percent on Chinese electric cars from next month after an anti-subsidy probe.

Tesla CEO Elon Musk said late Wednesday that the electric vehicle company's shareholders were voting to approve his multibillion-dollar pay package by "wide margins" before the ballot had been concluded.

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.

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.

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.

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.

Chinese Premier Li Qiang touted trade and "friendship" as he started a tour of New Zealand and Australia on Thursday, a rare visit that comes as both hosts grapple with Beijing's influence in the Pacific.

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.

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.

Workers fired by SpaceX filed a lawsuit Wednesday accusing Elon Musk of fostering a sexist "Dark Ages" culture at the company he founded.

Hundreds of security forces fired teargas and water cannon at rioting demonstrators in Buenos Aires who were protesting Wednesday against proposed economic reforms, according to AFP reporters.

Interim management, once viewed as a temporary fix for short-term vacancies, has evolved into a strategic imperative for organizations across industries.

Argentine police used pepper spray Wednesday on demonstrators outside Congress, where lawmakers debated a swath of liberalizing reforms proposed by budget-slashing President Javier Milei.

Johnson & Johnson has agreed to pay $700 million as settlement for charges filed by 42 states and Washington DC.

When US President Joe Biden meets world leaders at a lavish Italian resort this week he will be shadowed by an invisible and, for now, uninvited guest: Donald Trump.

The United States announced a raft of sanctions Wednesday aimed at constraining Moscow's war in Ukraine while raising the stakes for foreign banks that still deal with Russia, ahead of G7 leaders' talks this week.

Japan on Wednesday enacted legislation to ensure tech giants like Google and Apple give access to third-party smartphone apps and payment systems on their platforms or risk major fines.

The European Union threatened on Wednesday to hit Chinese electric car imports with additional tariffs of up to 38 percent from next month following an anti-subsidy probe, a move that risks triggering a trade war.

The world is likely to have a major surplus of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said Wednesday.

The May headline consumer inflation rate is expected to be little changed from a month earlier, according to the median forecast of economists surveyed by Dow Jones Newswires and The Wall Street Journal.

The deal was on the verge of completion when National Amusements' lawyers sent an email to Paramount's special committee, announcing the termination of talks.

The United Arab Emirates is in "complete alignment" with the US on developing artificial intelligence, the oil-rich country's AI minister told AFP, confirming a shift away from China.

Worries about upcoming US inflation data and the Federal Reserve's outlook for interest rates permeated Asian trading floors Wednesday, while the euro continued to struggle owing to political uncertainty in Europe fuelled by shock EU election results.

K-pop megastar Jin from BTS was discharged from his South Korean military service Wednesday and feted by bandmates who hugged him, with RM belting out one of their hits on the saxophone to celebrate.

Naran Unurtsetseg became one of Mongolia's most well-known journalists by exposing sexual abuse in a Buddhist boarding school, violence in the military and by taking on some of the country's most powerful people.

Japanese 89-year-old Tomiji Suzuki started coding in retirement and is now making apps for the fast-growing elderly demographic, using ChatGPT to fine-tune his skills.