The Paris prosecutor has opened a judicial inquiry into planned obsolescence of Apple products, a spokesperson for the prosecutor said on Monday, confirming an AFP report. “Following a complaint, an investigation was opened in December 2022 into deceptive marketing practices and programmed obsolescence,” the spokesperson said, adding that the complaint had been filed by NGO […]
Italy on Monday earmarked 30 million euros ($33 million) to improve the skills of unemployed people as well as those workers whose jobs could be most at risk from the advance of automation and artificial intelligence. According to the Fondo per la Repubblica Digitale (FRD), set up in 2021 by the Rome government to boost […]
Ford said on Monday it was working to reduce costs in China as it strives to recover from a long sales slump in the world’s largest auto market. “Our costs are not competitive, and we are working internally and with our partners to reduce costs in all areas,” a representative of Ford China told Reuters in […]
Leaders of the Group of Seven (G7) nations plan to tighten sanctions on Russia at their summit in Japan this week, with steps aimed at energy and exports aiding Moscow’s war effort, said officials with direct knowledge of the discussions. New measures announced by the leaders during the May 19-21 meetings will target sanctions evasion […]
The dollar slid from a five-week high on Monday, pressured by a weak manufacturing index in New York state and as it consolidated gains made last week amid fears about the debt ceiling and the U.S. economy. In emerging markets, the Turkish lira sank to a near record low as weekend elections looked headed for a […]
Banking regulators have been pushed by market volatility in recent weeks into doing things that they haven’t really wanted to do, like letting the largest U.S. bank get even bigger. Their hand may be forced again. Take the case of the Federal Deposit Insurance Corp (FDIC), one of the main banking regulators. In a December 2021 statement, […]
Microsoft Corp gained EU antitrust approval for its $69 billion acquisition of Activision on Monday, in a significant boost that could prompt Chinese and Korean regulators to follow suit despite a British veto of the deal. The U.S. software giant still faces a battle to clinch a deal. It has until May 24 to appeal a decision […]
A look at the day ahead in U.S. and global markets by Amanda Cooper. Time is running out to break the impasse on the U.S. government borrowing limit. President Joe Biden is meeting Congressional leaders on Tuesday to try to hash out a compromise to raise the debt limit and avoid a catastrophic default. Short-term government borrowing […]
Tesla Inc’s new vehicle-assembly system, which created instant buzz when it was unveiled in March, ignited a debate among auto manufacturing experts on whether CEO Elon Musk’s so-called unboxed process is radical, revisionist or derivative – or all of the above. Musk believes the company needs to radically rethink conventional manufacturing methods in order to build […]
Lao Telecommunication Public Company is the Lao PDR’s leading telecommunications provider withnationwide network coverage. The Company’s main services include 2G, 3G, 4G and 4.5G mobilephone connectivity, fixed line and fixed wireless telephone services, fibre to the home internet,international calling, and mobile data services. As the largest telecom operator in the Lao PDR – Lao Telecom’s […]
