Page 983 - World News

Russia's oil refining capacity likely to fall by 15% in later half of Oct

A decline in idle oil refining capacity usually leads to less available crude oil and a resulting fall in exports as refineries consume more feedstock to produce fuel

Germany must forge new policy to save its industry, says Chancellor Scholz

Fears of de-industrialization came into focus last month when carmaker Volkswagen announced it was considering for the first time in its history closing factories in Germany

Zelenskyy unveils 'victory plan' as Ukraine faces precarious moment in war

Zelenskyy, who has unrelentingly called for a "fair" end to the war, says his plan is needed to force the Kremlin to negotiate in good faith

After Boeing, Airbus to slash 2,500 jobs amid ongoing financial losses

These job cuts at Airbus, which represent around 7 per cent of its defence and space division's workforce, are expected to be implemented by mid-2026

Indian-origin candidates among 39 in race for Oxford University Chancellor

Under some of the declared university criteria, candidates for the unremunerated role had to demonstrate outstanding achievements in their field and the ability to command respect beyond it

Airbus likely to cut up to 2,500 jobs in defence, space divisions: Report

The European planemaker aims to implement the cuts, which represent 7 per cent of its workforce in the Defence & Space unit, by the middle of 2026

No bomb found aboard Air India Express plane, says Singapore police

The police said it found no bomb after completing security checks at Changi Airport on the low-cost carrier's aircraft from the Indian city of Madurai

Plane carrying stranded AI passengers from Iqaluit airport lands in US

Passengers have gone in the Canadian Air Force aircraft with their hand baggage. Their checked-in baggage will be carried in the Air India aircraft when it leaves for Chicago, the official in the know

'Age of electricity' to follow looming fossil fuel peak, says IEA

Surplus fossil fuel supplies would likely lead to lower prices and could enable countries to dedicate more resources to clean energy, moving the world into an age of electricity, they said

US fund urges Seven & i to allow due diligence on Couche-Tard buyout offer

Artisan has been among some of Seven & i's vocal foreign investors who have urged the company to focus on its core convenience store business

Pakistan PM Sharif bats for expansion of China's Belt and Road Initiative

The BRI is a $1 trillion plan for global infrastructure and energy networks that China launched a decade ago to connect Asia with Africa and Europe through land and maritime routes

NYT sends AI startup Perplexity 'cease and desist' notice over content use

Perplexity had previously assured publishers it would stop using "crawling" technology, according to the letter. Despite this, NYT said its content still appears in Perplexity

EU AI act checker exposes compliance gaps in big tech's AI models

However, the company's "Large Language Model (LLM) Checker" uncovered some models' shortcomings in key areas, spotlighting where companies may need to divert resources in order to ensure compliance

Horizon Robotics targets $696 mn Hong Kong IPO, city's largest in 2024

If successful, the IPO will be the largest in Hong Kong in 2024, eclipsing China Resources Beverage which began book-building on Tuesday for its up to $650 million listing

Horizon Robotics targets $696mn Hong Kong IPO, city's largest in 2024

If successful, the IPO will be the largest in Hong Kong in 2024, eclipsing China Resources Beverage which began book-building on Tuesday for its up to $650 million listing

Hong Kong cuts liquor tax to boost nightlife and attract tourists

The government previously told lawmakers that after wine duties were abolished in 2008, imports jumped 80% in a year and the city welcomed hundreds of new wine-related businesses

Will not renounce use of force over Taiwan, says China after recent turmoil

Taiwan's government rejects Beijing's sovereignty claims, saying only the island's people can decide their future

Zelenskyy to present victory plan to parliament after presenting to allies

At every turn, Kyiv is outnumbered by Moscow: The country is struggling to replenish ranks with an unpopular mobilization drive its ammunition stocks are limited; and Russia's superiority in the skies

Jill Biden is out campaigning again but not for her husband this time

Before getting in a few digs at Trump, the first lady spends most of her speech pumping up Harris, even sharing that they have bonded over many things during the past four years

Boeing employees hold rally in Seattle as strike enters second month

Investors and regulators have had Boeing under the microscope since a door panel flew off a near-new 737 MAX jet in midair in January