Business - Page 3

Cathay Pacific grounds A350 fleet after engine failure
Cathay Pacific grounds A350 fleet after engine failure

Cathay Pacific grounds A350 fleet after engine failure

The Hong Kong carrier said it will inspect all 48 of its Airbus A350 widebody planes after a component of the Rolls-Royce manufactured engine malfunctioned post takeoff. Hong Kong-based Cathay Pacific Airways
5 days ago
McDonald's loses Chicken Big Mac trademark in Europe
McDonald's loses Chicken Big Mac trademark in Europe

McDonald’s loses Chicken Big Mac trademark in Europe

McDonald’s has lost a legal dispute against an Irish fast food chain. A top EU court ruled the global giant could not exclusively call its chicken burgers “Big Mac.” McDonald’s lost a long-running
3 months ago
Toyota apologizes as Japanese car testing scandal widens
Toyota apologizes as Japanese car testing scandal widens

Toyota apologizes as Japanese car testing scandal widens

The head of the Japanese car making giant gave an apologetic press conference after an internal review found Toyota had cheated on certification tests. Japan’s government is also investigating. Toyota Motor Corporation
3 months ago
Eurozone inflation up more than expected in May
Eurozone inflation up more than expected in May

Eurozone inflation up more than expected in May

Inflation in the 20-nation eurozone has risen faster than expected in May. But the European Central Bank is still expected to cut interest rates at a June 6 meeting. Consumer prices in
3 months ago
Post-Brexit trade border controls to cost UK $6 billion
Post-Brexit trade border controls to cost UK $6 billion

Post-Brexit trade border controls to cost UK $6 billion

The UK’s public spending watchdog said government expenditures on implementing new rules for post-Brexit imports would total some $6 billion. The report criticized “uncertainty” surrounding government plans. Britain will spend at least
4 months ago
Argentina: Yearly inflation hits 290% as monthly rate slows
Argentina: Yearly inflation hits 290% as monthly rate slows

Argentina: Yearly inflation hits 290% as monthly rate slows

Although the yearly inflation rate is the highest it has been in decades, the monthly inflation figure decreased more than experts predicted. Javier Milei’s government has introduced strict austerity policies. Inflation in Argentina slowed
4 months ago
Argentina: Yearly inflation at almost 300%
Argentina: Yearly inflation at almost 300%

Argentina: Yearly inflation at almost 300%

When President Javier Milei took office in December he promised to address the economy with monthly inflation at over 25%. Meanwhile, experts warn that falling inflation is the symptom of a painful
4 months ago
US announces higher China tariffs, including 100% for EVs
US announces higher China tariffs, including 100% for EVs

US announces higher China tariffs, including 100% for EVs

The US has announced a series of increased tariffs on goods in various key sectors hailing from China. Semiconductors, solar cells, batteries, electric vehicles and some minerals are among the affected items.
4 months ago
Emirates Group logs record profits of $5.1 billion
Emirates Group logs record profits of $5.1 billion

Emirates Group logs record profits of $5.1 billion

Dubai-based Emirates Group announced record annual profits of $5.1 billion — a 71% increase from last year — based on strong customer demand. Dubai-based airline Emirates announced record annual profits of $5.1 billion
4 months ago
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