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The Federal Aviation Administration said Tuesday it is investigating a union’s claims that Boeing retaliated against two employees who in 2022 insisted the planemaker re-evaluate prior engineering work on 777 and 787 jets. ― Reuters pic

FAA probes union claims Boeing retaliated against two engineers in 2022

TikTok has submitted a risk assessment report on its new app TikTok Lite to the European Commission, the company said on Tuesday, averting a possible fine. — AFP pic

TikTok has submitted risk assessment report on TikTok Lite to EU

Kering had warned on March 19 that sales over the period were likely to drop by around 10 per cent, dashing hopes it had stemmed sales declines at Gucci, the century-old Italian fashion house which accounts for half of group sales and two-thirds of profit. — AFP pic

Kering warns H1 operating profit to tumble as Gucci sales fall

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Novo Nordisk CEM earns the Best Place to Work certification for 2024

In its annual report on the sector, the Paris-based IEA said the world’s electric car fleet continued to “grow strongly” although momentum was greater in some markets than others. ― Unsplash pic

International Energy Agency: 2024 forecast to set new record for electric car sales

Thames Water, the UK’s largest water supplier, has been ravaged since privatisation by soaring debts and chronic underinvestment, sinking into a deep financial crisis which has sparked bailout speculation. — AFP pic

How UK’s biggest water supplier sank into crisis

The company posted a “new quarterly high” operating profit of €168 millions (US$179 million) — a turnaround from a loss of €156 million over the same period last year. — Reuters pic

Spotify shares soar as company swings to profit

GM, which has benefited from consistently strong demand from US consumers for pickup trucks and other larger vehicles, increased its range for 2024 net income by US$300 million to between US$10.1 and US$11.5 billion. ― Reuters file pic

General Motors lifts 2024 profit forecast after strong Q1

British sports retail group JD Sports Fashion on Tuesday announced the purchase of US peer Hibbett for US$1.1 billion. — Reuters pic

UK retailer JD Sports buys US group Hibbett for US$1.1b

FPT said it has established a strategic partnership with Nvidia, which includes plans to build a US$200-million-dollar AI factory using Nvidia’s AI software and chips. — Reuters pic

Vietnam tech giant FPT partners with Nvidia to build AI factory

The World Bank said on Tuesday it has suspended funding for a tourism and conservation project in Tanzania following allegations of human rights abuses. ― AFP pic

World Bank suspends funding for Tanzania tourism project over rights abuse claims

Sentiment was upbeat across major world indices thanks to easing Middle East worries, while traders are keenly awaiting the release this week of more major earnings and key US inflation data. — Reuters pic

US markets rise for second straight day as sentiment improves

Tesla reported a big drop in quarterly profits on April 23, 2024, pointing to elevated pressure on the electric vehicle market that has led to deep cost-cutting. Elon Musk's EV company reported profits of US$1.1 billion, down 55 per cent from the year-ago quarter on revenues of US$21.3 billion, down 9 percent. — AFP pic

Tesla profits tumble but shares rise on new vehicle plan

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Shaping the future crypto trading of compliance, Qmiax has launched a brand-new user interface and trading process

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Leading the innovation in cryptocurrency trading, Qmiax Exchange has updated its OTC fiat exchange process

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First Phosphate Intersects 92.5 m of 11.82% Igneous Phosphate Starting at Surface at Its Begin-Lamarche Project in Saguenay-Lac-St-Jean, Quebec, Canada