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Meta to Discontinue Workplace to Focus on AI Technologies

Meta, the parent company of Facebook, has announced that it will discontinue Workplace, its enterprise-focused version of Facebook. The company has decided to shift its focus towards developing advanced AI technologies, which it believes will fundamentally transform the way people work. Users of Workplace will be able to use the service as usual until August 2025. Over the next two years, Meta will gradually phase out the service.…

16 May 2024
Justice Department May Reopen Case Against Boeing for 737 MAX Crashes

The U.S. Department of Justice is contemplating renewed prosecution of the aircraft manufacturer Boeing in connection with the two tragic crashes involving its 737 MAX aircraft in 2018 and 2019. These accidents, which claimed the lives of hundreds of passengers and crew members, occurred shortly after the 737 MAX was introduced, revealing critical flaws in the aircraft’s design and safety systems. Following extensive investigations into these crashes, Boeing…

15 May 2024
US Increases Import Tariffs on Various Chinese Goods

The United States is raising import tariffs on numerous Chinese goods, particularly targeting strategic sectors such as electric cars, chips, batteries, steel, and key minerals. The measures aim to compel China to cease unfair trade practices. Of particular note is the tariff hike on imported electric cars from China, which will quadruple to 100 percent this year. The tariff on Chinese semiconductors will increase from 25 to 50…

14 May 2024
Airbnb Expects Stronger Revenue Growth in Q3 Due to International Sporting Events

Airbnb’s latest financial outlook paints a mixed picture, with a disappointing second-quarter revenue projection but promising prospects for the third quarter and beyond. The company’s announcement of an expected $2.7 billion in revenue for the period ending June fell short of market expectations, prompting a notable decline in its stock value after hours on Wall Street. However, the first quarter showcased Airbnb’s resilience and adaptability, with revenue exceeding…

10 May 2024
ECB’s First Interest Rate Cut in Five Years Likely in June

The first interest rate cut by the ECB in five years appears imminent, according to meeting documents from European central bankers. If European inflation continues on its path towards 2 percent, the interest rate could be lowered in June. Minutes from the ECB’s latest interest rate meeting in April were made public on Friday. This board comprises central bankers from all eurozone countries. In April, following that meeting,…

10 May 2024

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