Qantas agrees to pay $79M to settle lawsuit for selling seats on canceled flights
Qantas said on Monday it has reached a settlement with the Australian Competition and Consumer Commission to resolve court proceedings over the carrier booking flight…
Warren Buffett-led Berkshire Hathaway posts record $189B in cash reserves
Berkshire Hathaway reported record cash reserves of $189 billion during the first quarter of 2024. File Photo by John Angelillo/UPI | License Photo May 4…
U.S. economy added a below-average 175,000 jobs in April
The U.S. economy created a below-average 175,000 jobs in April, according to a Friday report from the Bureau of Labor Statistics. Unemployment was 3.9%. File…
KFC Malaysia temporarily closes outlets amid Gaza boycott | Business and Economy
Franchise operator cites ‘challenging economic conditions’ amid local reports linking closures to boycotts of Israel. KFC Malaysia has temporarily closed some outlets in the country…
Gazprom falls to first annual loss in 20 years as trade with Europe hit | Business and Economy News
Results highlight the dramatic decline of Gazprom since Russia launched its full-scale invasion of Ukraine in 2022. Kremlin-owned gas giant Gazprom has said it plunged…
What is behind the insulin shortage in the US? | Business and Economy
Skye Murphy, who is 22 years old, has lived with type 1 diabetes since she was 14. In the past month, she learned that there…
Bonza administrators tell customers no refunds for now, despite company’s promise to reimburse cancelled flights
In short: Bonza customers have been told not to expect a refund any time soon.The airline's fleet remains grounded, with no word yet on when flights…
Johnson & Johnson wants to pay $6.5B to settle talcum-powder lawsuits over cancer claims
Johnson & Johnson's $6.5 billion settlement proposal -- to be paid over a 25-year period -- is the company's third attempt to resolve lawsuits that…
Tesla lays off hundreds of employees on electric vehicle charger team
In a surprise move, Tesla laid off scores of employees on Tuesday leading to the electric vehicle charging business, putting the future of the country's…
Federal Reserve expected to leave interest rates unchanged amid poor inflation data
The Fed was expected Wednesday to leave interest rates unchanged due to inflation that's still above the Fed's 2% threshold. Fed Chair Jerome Powell has…
Seafarers pay the price for the murky business of ship nationality | Opinions
On April 13, the naval forces of Iran’s Islamic Revolutionary Guard Corps seized a Portuguese-flagged container ship, the MSC Aries, in the Strait of Hormuz…
EU opens probe into Meta over advertising, political content
1 of 3 | The European Commission said Tuesday Meta faces a new probe over deceptive advertising and political content on its Facebook and Instagram…
Amazon earnings preview: A focus on AI-powered business growth
Amazon is set to unveil its first-quarter earnings after the US market closes on 30 April. The e-commerce behemoth is anticipated to showcase its advancements…
IMF promises Pakistan ‘immediate’ release of $1.1bn loan after key meet | Business and Economy
Islamabad, Pakistan – Cash-strapped Pakistan is poised to receive a $1.1bn loan tranche from the International Monetary Fund (IMF) after a key meeting of the…
Budget airline Bonza cancels flights across the country as it considers ‘viability’ of business
Embattled regional airline Bonza has cancelled flights across the country today, stranding potentially thousands of passengers, as it considers its future.Early Bonza flights in and…
Japan’s yen plunges to lowest level against the dollar since 1990 | Business and Economy
Japanese currency sinks to 160.17 per dollar, the lowest since April 1990. The Japanese yen has slumped to a 34-year low against the United States…
Elon Musk meets Chinese Premier Li Qiang in Beijing
1 of 2 | Tesla CEO Elon Musk visited the Tesla electric car plant near Berlin, Germany last month.. Musk visited China, the world's largest…
Williams-Sonoma ordered to pay $3.1 million penalty for false ‘Made in USA’ labeling
The DOJ said Friday that Williams-Sonoma will pay over $3.1 million in civil penalties for falsely labeling some of its products "Made in USA" when…
‘We need you’: Solomon Islands’ support for US agency’s return revealed | Business and Economy
A United States development aid agency whose return to the Solomon Islands has been delayed for years without explanation found “overwhelming support and enthusiasm” for…
California is trying again to extend unemployment benefits to workers on strike
Months after Gov. Gavin Newsom vetoed the proposal, lawmakers in Sacramento are trying again to extend unemployment benefits to California workers who are on strike.…