US authorities are stepping up oversight of Boeing’s manufacturing line a week after a door plug broke off one of its planes mid-flight. The head of the Federal Aviation Administration…
Category: Business News
USA: Software firm SAP to pay $220m over bribery charges
Global software giant SAP has agreed to pay more than $220m (£172m) to settle bribery charges involving government officials around the world. The money and gifts, typically routed via outside…
Libya: National Oil Corporation declares force majeure at oilfield amid protests
Libya’s state-owned energy firm has declared a state of force majeure at Al-Sharara oilfield after protests disrupted production at the facility. Force majeure is a legal measure that exempts contractual…
France: TotalEnergies to review $10bn Uganda-Tanzania project
French energy giant TotalEnergies has said it will review its land acquisition practices for a $10bn (£7.9bn) project covering Uganda and Tanzania, following criticism by environmentalists and human rights groups.…
Austria: Government pays citizens USD 219 to repair electronic goods
Has your washing machine broken down, or is your electric kettle, laptop or mobile phone refusing to work? Well if you live in Austria, the government will pay up to…
USA: New York Times sues Microsoft and OpenAI for ‘billions’
US news organisation the New York Times is suing ChatGPT-owner OpenAI over claims its copyright was infringed to train the system. The lawsuit, which also names Microsoft as a defendant,…
France: L’Oréal heiress becomes first woman to amass $100bn fortune
L’Oréal heiress Françoise Bettencourt Meyers has become the first woman to amass a $100bn (£78.5bn; €90.1bn) fortune, according to a ranking of the richest people in the world. The French…
Germany: Hapag-Lloyd says Red Sea route still ‘too dangerous’
One of the world’s biggest shipping firms, Hapag-Lloyd, will not resume its use of the Suez Canal despite an international military operation to keep the area safe. Yemen’s Houthi rebels…
Israel: Authorities grant Intel $3.2bn for new $25bn chip plant
Israel’s government has agreed to give Intel Corp a $3.2bn grant for a new $25bn chip plant it plans to build in southern Israel, both sides have said. The news…
Liberia: Fuel tanker explosion leaves more than 40 dead
More than 40 people have died after a fuel tanker crashed and exploded in central Liberia, the country’s chief medical officer Francis Kateh has said. The tanker overturned along a…