Category: News
An Amsterdam court has ruled KLM’s sustainable aviation advertising misled consumers
An Amsterdam court has ruled that Dutch national airline KLM made misleading statements about sustainable aviation in a case that accused the carrier of “greenwashing.” ByMIKE CORDER Associated Press THE HAGUE, Netherlands — In a decision hailed by an environmental group as a historic victory, an Amsterdam court ruled Wednesday that Dutch national airline KLM misled consumers in statements about sustainable aviation in a case…
Czech power company says its net profit reached $1.27 billion in 2023
The Czech power company CEZ says its 2023 net profit reached 29.6 billion Czech crowns ($1.27 billion), down more than 63% from the previous year, which saw record profits PRAGUE — The Czech power company CEZ said Thursday its 2023 net profit reached 29.6 billion Czech crowns ($1.27 billion), down more than 63% from the previous year, which saw record profits. The country’s main electricity…
Japan’s exports rise nearly 8% in February on strong shipments of cars and machinery
Japan has reported its exports rose 7.8% in February from a year earlier on strong shipments of cars and electrical machinery ByYURI KAGEYAMA AP business writer TOKYO — Japan’s exports rose 7.8% in February from a year earlier on strong shipments of cars and electrical machinery, the government said Thursday. Exports in February totaled 8.2 trillion yen ($55 billion), marking the third straight month of…
Federal officials want to know how airlines handle — and share — passengers’ personal information
The government wants to know how airlines handle personal information about their passengers WASHINGTON — Federal officials said Thursday they will review how airlines protect personal information about their passengers and whether they are making money by sharing that information with other parties. The U.S. Department of Transportation said its review will focus on the 10 biggest U.S. airlines and cover their collection, handling and…
Vietnam’s vice president becomes interim president
HANOI, Vietnam — Vietnam’s Vice President Vo Thi Anh Xuan will serve as acting president after the previous president’s resignation a year into the position, a Communist Party newspaper reported Thursday. Analysts said a permanent candidate was unlikely to be selected soon, underscoring the growing concerns among foreign investors about political instability in the Southeast Asian nation that is a growing manufacturing hub and sits…
Antitrust lawsuits accuse major US sugar companies of conspiring to fix prices
Three antitrust lawsuits filed by food businesses in federal court in Minnesota this week accuse some of the largest U.S. sugar-producing companies of conspiring to fix prices MINNEAPOLIS — Three antitrust lawsuits filed by food businesses in federal court in Minnesota this week accuse some of the largest U.S. sugar-producing companies of conspiring to fix prices. The lawsuits name United Sugars, which includes American Crystal…
Reddit, the self-anointed the ‘front page of the internet,’ set to make its stock market debut
NEW YORK — Reddit’s stock soared in its Wall Street debut as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange. Reddit, which priced its IPO at $34 a share, debuted Thursday afternoon at $47 a share. At the close of trading, it was up 48% at $50.44, backing off a peak…
How Europe’s regulatory battle with Apple could signal what’s to come for American consumers
LONDON — It’ll likely take years before the U.S. government’s massive antitrust lawsuit against Apple is resolved — but the iPhone maker’s troubles with European regulators offer a glimpse of what changes American customers may see down the line. The U.S. lawsuit seeks to stop Apple from undermining technologies that compete with its own apps in areas such as streaming, messaging and digital payments. The…
Need to ‘borrow’ miles from your kid to get that free flight? A big airline will let you do that
CHICAGO — Don’t have enough airline miles for that free flight? United Airlines is now letting people pool and share their frequent-flyer points with family and friends, a feature currently offered by some smaller carriers. United said Thursday that a “pool leader” can pick up to four other people to set up a joint account in its MileagePlus program. The group leader must be over…
State Farm discontinuing 72,000 home policies in California in latest blow to state insurance market
Insurance giant State Farm says it will discontinue coverage for 72,000 houses and apartments in California starting this summer SACRAMENTO, Calif. — State Farm will discontinue coverage for 72,000 houses and apartments in California starting this summer, the insurance giant said this week, nine months after announcing it would not issue new home policies in the state The Illinois-based company, California’s largest insurer, cited soaring…