Month: July 2023

Meta Platforms on Wednesday reported a strong rise in advertising revenue, topping Wall Street financial targets for the second quarter and forecasting third-quarter revenue above market expectations. The results from Meta, Facebook‘s parent company, come a day after a strong performance from Alphabet’s Google and make the case that consumers, and the advertisers eager ...

AMSTERDAM – A fire blazed on a cargo ship off the Dutch coast with nearly 3,000 vehicles on board on Wednesday, killing one member of the crew and injuring several others, the coastguard said. Several crew members were forced to jump overboard after the fire began on Tuesday night on the 199-meter (655-foot) Panama-registered Fremantle Highway as it ...

A group of 22 states and US territories on Wednesday moved to block a proposed $10.3 billion settlement that would resolve claims against 3M Co. over water pollution tied to “forever chemicals,” claiming the deal fails to adequately hold the company accountable. The group, led by California and including Texas, New York ...

SYDNEY – South Korea’s biggest defense company Hanwha Aerospace on Thursday beat Germany’s Rheinmetall to win an Australian contract worth up to A$7 billion ($4.74 billion) for building 129 infantry fighting vehicles. The deal, which Defense Industry Minister Pat Conroy described as one of the largest projects in the history of ...

TAIPEI – Southern Taiwan on Thursday shut businesses and schools while airlines cancelled hundreds of flights amid warnings of landslides and floods as Typhoon Doksuri churned past the island en route to China where it will make landfall later this week. As of 10:15 a.m. (0215 GMT) Typhoon Doksuri, categorized at the second-strongest typhoon level ...

WASHINGTON – The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday and Fed Chair Jerome Powell said the economy still needed to slow and the labor market to weaken for inflation to “credibly” return ...