BUSINESS

The US Federal Aviation Administration (FAA) announced Thursday it is launching a safety probe into Boeing following last week's near-catastrophic incident on an Alaska Airlines-operated 737 MAX. "This incident should have never happened and it cannot happen again," the FAA said in a statement, after a panel known as a "door plug" blew out of the plane over the western US state of Oregon.

European planemaker Airbus said Thursday that it secured 2,094 net plane orders last year, a record for the group as airlines prepare for further global passenger growth and seek out more fuel-efficient planes.

Hertz said Thursday it will sell one-third of its electric vehicle (EV) automobiles to resize its fleet in line with slowing demand growth for emission-free transport.

Indian IT giants TCS and Infosys both signalled weak revenue growth in quarterly results Thursday as a client spending slowdown deepened a seasonally weak time for the sector.

Xiaoyu Fan smiled as she looked around a bustling China Pavilion at the Consumer Electronics Show Wednesday as gadgets like bladeless fans were displayed and deals were being made.

Google suffered a legal blow at the European Court of Justice on Thursday when the body's adviser recommended that a 2.4-billion-euro ($2.6-billion) fine levied on it for anti-competitive practices be upheld.

US securities regulators gave the green light Wednesday to a group of bitcoin exchange-traded funds, a keenly anticipated decision expected to boost the cryptocurrency.

Honda on Tuesday unveiled a new electric vehicle series to launch commercially in 2026, revealing a futuristic concept car at the Consumer Electronics Show in Las Vegas.

Technology, in particular artificial intelligence, is making it possible to fulfill beauty wishes like never before, Guive Balooch, global vice president of L'Oreal's Tech Incubator, told AFP.

Boeing Chief Executive Dave Calhoun took responsibility on Tuesday for a near-catastrophic Alaska Airlines incident last week, vowing "complete transparency" as the aviation giant tries to pivot from its latest crisis.

United Airlines said Monday it has discovered loose bolts on Boeing 737 MAX 9 planes in its fleet during preliminary inspections following an Alaska Airlines mid-flight incident.

The four-day event provides a platform where manufacturers, producers and suppliers can showcase their latest innovations produced by various companies and factories from 35 countries.

A mid-air emergency in which a piece of fuselage came off a Boeing 737 MAX 9 jetliner as it flew over the US west coast dealt a new blow to the oft-beleaguered manufacturer.

Vietnamese carmaker VinFast said it will build its first electric vehicle factory in India as part of a planned $2 billion investment, as it looks to expand into the rapidly growing market.

US energy company APA Corporation has agreed to buy competitor Callon Petroleum in a transaction valued around $4.5 billion including debt, the firms announced Thursday, marking the latest deal in the sector.

Auto giant Ford sold almost two million vehicles in the United States last year, the company said Thursday, buoyed by accelerating electric vehicle sales and continued growth in internal combustion engine trucks.

US vehicle sales got a boost from strong demand in 2023, due in part to attractive offers by automakers and dealers in the face of high interest rates and stubborn inflation.

SpaceX on Thursday went to court to try to derail a US National Labor Relations Board hearing over complaints by workers who say they were fired for criticizing chief executive Elon Musk.

French energy giant TotalEnergies on Thursday said it had launched a land acquisition assessment for controversial $10-billion projects in Uganda and Tanzania slammed by environmentalists.

US automaker General Motors reported Wednesday a jump in vehicle sales for 2023, citing robust demand in a year also boosted by easing supply issues.

Asian markets fell Wednesday in line with a sell-off across most of the world as traders took their cash off the table after a blockbuster end to 2023, with eyes now on the release this week of Federal Reserve minutes and US jobs data.

US car maker Tesla has lost its crown for most sales of all-electric vehicles to Chinese firm BYD, which has capitalized on Beijing's strong government support for the burgeoning sector.

2PointZero's portfolio is expected to surpass AED 100 billion in assets and empowers its constituent companies to achieve technological breakthroughs and foster sustainable ecosystems.

Chinese internet giant Baidu has said it was cancelling the planned multi-billion-dollar purchase of livestreaming platform YY Live, partly blaming its inability to get government approval.

Chinese tech giant Huawei said Friday it "weathered the storm" of US sanctions as it announced a rise of almost nine percent in revenues in 2023, a year that saw it shock Washington with the release of a high-end smartphone.

Almost a century after his big-screen debut, Mickey Mouse enters the public domain Monday, opening the floodgates to potential remakes, spin-offs, adaptations... and legal battles with Disney.

A federal court handed Apple a victory on Wednesday by suspending a ban on the US sale of its latest watch models in a feud over patents with health company Masimo.

Preliminary shopping data indicated that US holiday sales increased 3.1 percent compared with the year-ago period, a solid but unspectacular increase reflecting mixed sentiment on the economy.

Japanese car maker Daihatsu has suspended all its domestic production as the Toyota-owned company faces a massive safety testing scandal.