BUSINESS

Amazon French Warehouses Unit Fined 32 Million Euros

Amazon France Logistique monitored the performance of employees through data from scanners used by the staff to process packages, according to France's data protection agency.
France's data protection agency said Tuesday it had fined Amazon's French warehouse management unit 32 million euros ($34.9 million) for an "excessively intrusive" surveillance system to monitor staff performance.
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A forecast-beating US retail sales report underlined the resilience of consumers in the face of elevated interest rates, dealing a blow to hopes for a cut by March

Markets Swing On Dimming Rate Cut Hopes, Weak China Outlook

A lack of meaningful measures by Beijing to boost China's economy was adding to the frustration, with growth for the world's second-largest economy in 2023 coming in at its slowest rate in more than three decades, excluding the pandemic years.
India's newest airline Akasa Air has ordered 150 Boeing 737 MAX planes

India's Akasa Air Orders 150 Boeing Planes: CEO

The deal is a shot in the arm for US aviation giant Boeing, which is under intense global scrutiny over its 737 MAX 9 jet, after a scare on an Alaska Airlines jet in early January when a panel came off mid-flight and forced an emergency landing.
Google search vice president Cathy Edwards shows off an AI-powered feature that lets users do online searches by circling things they see in apps on Samsung's new Galaxy flagship phones

Samsung Turns To AI To Regain Smartphone Throne

Samsung on Wednesday released its latest Galaxy smartphones with new artificial intelligence features as the South Korean giant seeks to win back its spot as the world's biggest phone seller from Apple.
The US-UK strikes in Yemen fanned worries about a wider conflict in the oil-rich Middle East that could hit oil supplies

Oil Prices Surge On Red Sea Escalation

Oil prices surged four percent on Friday after US and UK forces launched strikes against Iran-backed Houthi rebels following their attacks on ships in the Red Sea, fuelling worries about a wider conflict in the crude-rich region.
Tokyo's Nikkei 225 has soared to highs not seen since 1990 as a weaker yen boosts the country's exporters and falling bond yields lift investor confidence

Stock Markets Gain, Dollar Down Before US Inflation Data

The positive vibes across Asian and European trading floors followed gains Wednesday on Wall Street, where tech firms bounced after a relatively dour start to the year and dealers were gearing up for annual earnings from the world's biggest companies.
Vinfast is looking to expand overseas but has had a rocky start

Vinfast Plans First EV Factory In India

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.
Industry experts estimate around 15.5 million vehicles were delivered in the United States in 2023

US Auto Sales Boosted By Price Cuts In 2023

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.
Ford vehicle sales were up 7.1 percent year-on-year in 2023

Ford US Vehicle Sales Neared Two Million In 2023

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.

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