Emirates CEO issues apology after Dubai flood chaos; says airline has 30,000 suitcases to return
“We know our response has been far from perfect. We acknowledge and understand the frustration of our customers,” Emirates Airline CEO Tim Clark wrote.
Given a lifeline by the U.S., Ukraine must now prove it can beat Russia
Time is of the essence for Ukraine, which has been pleading for more air defense systems, artillery and ammunition to turn the tide in the war.
Health-harming heat stress rising in Europe, scientists say
Extreme heat poses particular health risks to outdoor workers, the elderly, and people with existing conditions like cardiovascular diseases and diabetes.
Tesla slides 3%, Li Auto sinks 8% as EV makers slash prices amid fierce competition
Tesla shares sank 3%, while China’s Li Auto hit an 11-month low after both companies slashed prices of their electric vehicles in China.
Germany arrests three suspected of spying for China
Three German nationals were arrested on suspicion of working with the Chinese secret service to hand over technologies that could be used for military purposes.
China is still years behind the U.S. despite Huawei’s breakthrough chips, Raimondo tells ’60 Minutes’
Commerce Secretary Gina Raimondo downplayed China-based Huawei Technologies’ latest microchip breakthrough, arguing that the U.S. remains years ahead.
European stocks close higher; FTSE 100 index gains 1.6% to notch record close
European markets on Monday started the new trading week on a positive note after choppy trade last week.
Why Apple is betting big on India
Apple has recently made an aggressive play to expand operations on both the manufacturing and sales front in India.
Global energy transition will require $4 trillion annually by next decade, BlackRock says
BlackRock estimates that the world’s green energy transition will require $4 trillion annually by the mid-2030s, calling for more public-private partnerships.
Japan and South Korea could coordinate currency intervention, but they may need U.S. support
The U.S. last week acknowledged Japan and South Korea’s “serious concerns” over the recent sharp depreciation in their currencies.
