Business News

Boeing CEO recognizes 'gravity' of safety crisis but sees 'progress'
2024-06-18 23:31:41
Boeing's CEO acknowledged to a US congressional panel Tuesday that the company's culture was imperfect, but insisted the aviation giant was making progress and committed to improving safety.
A new way to recycle steel could reduce the industry's carbon footprint
2024-06-18 23:31:41
University of Toronto engineering researchers have designed a new way to recycle steel that has the potential to decarbonize a range of manufacturing industries and usher in a circular steel economy.
Amazon union workers and the Teamsters ink a deal
2024-06-18 22:31:52
It’s a potentially powerful alliance with one of the biggest unions in the US.
Fisker files for bankruptcy protection, the second electric vehicle maker to do so in the past year
2024-06-18 17:23:06
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology.
EVI-X modeling suite accelerates optimized electric vehicle charging infrastructure deployments
2024-06-18 17:23:06
Massive public and private investments are being made to support the buildout of electric vehicle (EV) charging infrastructure in the United States, but efficient planning and deployment requires sophisticated analysis to ensure convenient, reliable, affordable, and equitable charging for all Americans.
Rapidly declining costs of batteries and fuel cells could soon facilitate the electrification of heavy-duty vehicles
2024-06-18 13:18:33
The electrification of road vehicles has already begun, with most automotive companies now investing in hybrid and electric cars. While these efforts could contribute to reducing carbon emissions worldwide, they have so far been primarily focused on cars, rather than trucks and heavy-duty vehicles for transporting goods.
Boeing CEO to face Capitol Hill grilling
2024-06-18 08:45:53
Boeing CEO Dave Calhoun will likely face tough questions Tuesday when a Senate panel grills the executive on safety problems, manufacturing missteps and alleged efforts to intimidate whistleblowers.
Music platform CEO says AI is not the enemy
2024-06-18 08:45:53
Musicians around the world have described artificial intelligence as a threat to creativity, but the CEO of one popular platform told AFP he thinks critics are looking at it all wrong.
Meteoric rise of South Korea's webtoons powers Nasdaq IPO
2024-06-18 08:45:52
When Bae Jin-soo quit his well-paying job at one of South Korea's biggest conglomerates to write stories, his parents were so upset they kicked him out of the house.
Unveiling the Secret to Long-Term Employee Happiness: Talent Masters’ Culture Fit Assessment
2024-06-18 03:29:42
Dr. Darla Shaw explains how cultural fit leads to long-term happiness
Scooter Braun Announces Retirement From Music Management After 23 Years
2024-06-18 03:29:42
The music mogul announced that he would be taking over as the CEO of Hybe America, an entertainment and music company with roots in South Korea.
Chinese outbound travel bookings surge as holiday nears, injecting strong confidence, momentum into world tourism market
2024-06-18 02:32:09
As the Dragon Boat Festival and summer vacation period in China approach, bookings on various travel platforms have shown a continuous rise in the popularity of outbound travel, with some agencies seeing a 100 percent increase in bookings year-on-year. With the positive catalyst of flight resumptions and visa-free policies, the outbound travel supply chain is gradually returning to normal, experts said, noting that it is a significant driving force and stabilizer for global tourism development, injecting strong confidence and development momentum into the world tourism market.
High-level Latin American officials’ visits to China aim to ‘tap new potential’
2024-06-18 02:32:08
Senior officials of Brazil, Venezuela and Cuba are paying visits to China this week, as announced by the Chinese Foreign Ministry. Experts believe that these trips bear a common goal of seeking new cooperation opportunities and strengthening ties with China in the midst of global landscape changes and their own economic hardships. Whether in overall regional cooperation, or in bilateral relations between China and Latin American countries, progress is being made in various aspects in a fast but steady pace, setting a model for partnership within the Global South, Chinese observers noted.
Nationwide to drop about 100,000 pet insurance policies
2024-06-18 02:30:12
The country's biggest provider of pet insurance cites rising cost of veterinary care in pulling product in some states.
In a first, one company is making three-point seatbelts standard on all school buses
2024-06-18 02:30:05
The vast majority of school buses have no seatbelts and none have airbags for the drivers.
Transcript: Minneapolis Fed president Neel Kashkari on "Face the Nation," June 16, 2024
2024-06-18 01:02:18
The following is a transcript of an interview with Neel Kashkari, president of the Minneapolis Federal Reserve, on "Face the Nation" that aired on June 16, 2024.
Bill Gates says "support for nuclear power is very impressive in both parties" amid new plant in Wyoming
2024-06-18 01:02:17
Bill Gates said that he's "quite confident" that a next-generation nuclear power project will continue regardless of the balance of power in Washington next year.
Wirelessly-powered relay will help bring 5G technology to smart factories, say researchers
2024-06-17 22:45:56
A recently-developed wirelessly-powered 5G relay could accelerate the development of smart factories, report scientists from Tokyo Tech. By adopting a lower operating frequency for wireless power transfer, the proposed relay design solves many of the current limitations, including range and efficiency. In turn, this allows for a more versatile and widespread arrangement of sensors and transceivers in industrial settings.
Robo-revolution: From lab to market
2024-06-17 18:49:30
Dr. Peter King, a manufacturing researcher at our Clayton site, came across a problem in the lab six years ago. He found that before the team could start any lab work, they had to spend a lot of time programming.
Apple insists its ChatGPT tie-up will protect users' privacy: Here are the questions it must answer first
2024-06-17 18:49:30
Apple, a company known for its longstanding commitment to user privacy, has received flak since unveiling its artificial intelligence (AI) strategy at its Worldwide Developers Conference on June 10. This relates to the centerpiece of Apple Intelligence, which gives users access to OpenAI's powerful generative AI tool, ChatGPT.

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