Ryanair’s chief executive has forecast that travel demand in Europe will be boosted by US and Asian tourists this summer, after the low-cost airline reported record profits despite the economic crisis. Michael O’Leary said early bookings showed that Europe’s largest…
BEIJING – China’s zero-Covid consumption recovery has begun – after a depressed fourth quarter. When the Michelin-starred restaurant Rêver reopened Thursday from the Lunar New Year break, it was fully booked, said Edward Suen, chief operating officer of the Guangzhou…
The rapid rise of OpenAI’s artificial intelligence chatbot ChatGPT has left many wondering what else generative AI tools will replace. If a Google research paper released this week is anything to go by, songwriters will be—and possibly the music industry.…
The UK will set out plans to introduce a value-for-money test for pension funds, aiming to improve disclosure standards, drive better outcomes for pension savers and boost economic growth. The measures, to be announced on Monday as part of a…
European stocks have had a good year so far. The benchmark Stoxx 600 is up about 7% since the start of 2023 – its strongest start in more than 26 years, according to Bernstein’s analysis. That’s better than the S&P…
Rio Tinto Group has lost a “highly radioactive” capsule somewhere along its 1,400 kilometer (870 mile) route through the Western Australian desert. “We are taking this incident very seriously,” Rio Tinto iron ore chief Simon Trott said in a statement…
Could we be more optimistic about the future? The next seven days started positively for global geopolitics with the visit of NATO secretary general Jens Stoltenberg to South Korea and Japan. He will travel from Seoul to Tokyo on Monday…
Is the tech bubble bursting again? The layoffs in Big Tech, which begin in 2022, many think are just the tip of the iceberg. So what does that mean for these workers and those interested in joining the tech industry,…
This time was supposed to be different. The memory chip sector, notorious for boom-and-bust cycles, has changed ways. A combination of more disciplined management and new markets for its products – including 5G technology and cloud services – will ensure…
Iran admitted a drone strike had targeted one of its military sites in the central city of Isfahan over the weekend, but stopped short of accusing foreign or opposition groups of planning the attack. Iran’s defense ministry said a drone…