Another smartphone supports satellite connectivity, as mobile space race heats up
Connecting to satellites allows messages to reach broad swathes of land not captured by earth-based cellular equipment.
BASF to cut 2,600 jobs on high costs in Europe
German chemicals giant BASF said it would cut 2,600 jobs and halt its share buybacks, as it flagged further declines in earnings.
Refugees could help Germany’s labor market, but Ukraine’s skilled workers are needed at home
Ukraine needs its skilled workers to rebuild the country, making refugees’ participation in Germany’s labor market limited and short term.
China again calls for cease-fire on anniversary of the Russia-Ukraine war
Marking the one-year mark since Russia invaded Ukraine, China’s foreign ministry reiterated its push for the two countries to hold peace talks.
‘Business is very good, unfortunately’: Arms fair spotlights bonanza year ahead for weapons companies
Over the last week, Abu Dhabi’s biennial international defense exhibition, known as IDEX, showcased a bustling sector.
Asia markets trade mixed, Bank of Japan nominee Ueda speaks; Japan’s inflation reaches 41-year high
Investors will also be closely watching as Japan’s central bank nominee Kazuo Ueda speaks before parliament later today.
CNBC Daily Open: Stocks rebound from lows but remain volatile amid confusing market
Stocks ended in the green on Thursday, snapping a losing streak. But both investors and analysts are still trying to make sense of the markets.
After a year of death and destruction, Ukraine braces itself for a major escalation in the war
Russia is expected to launch a large-scale offensive, with Ukraine expected to counter-attack in summer. In the meantime, it’s waiting for more weapons.
OECD says global economic outlook ‘slightly better’ for 2023 but inflation risks linger
OECD Secretary-General Mathias Cormann said the global economic outlook is looking slightly “brighter” for this year but inflation challenges remain.
China’s online shoppers started the year cautiously, Alibaba says
Online sales remained weak this year through early February, Alibaba CEO Daniel Zhang said during a quarterly earnings call.
