Author: Euronews

The aircraft manufacturer beats Wall Street expectations but still finds itself in crisis mode after a mid-flight cabin panel blowout in January. ADVERTISEMENTPlane maker Boeing lost $355 million (€332 million) in revenue and burned through almost $4 billion (€3.7 billion) in cash in the first three months of 2024, according to its performance report, released on Wednesday.This means that Boeing spent nearly $4 billion more in cash than it generated from its operations and other sources during that period.The data is reflective of the manufacturer’s increasing concerns, as it faces intense scrutiny over the safety of its planes.While a growing…

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The “pink tax” is a little-known phenomenon that occurs on certain sale items which can have a surprisingly frustrating effect on consumers. ADVERTISEMENTThe “pink tax” is not a legal tax, but rather a surcharge or markup on products traditionally marketed towards women, while typically the male version of the same products are less expensive. This can be seen in personal care items such as shampoos, razors, deodorants and more, as well as clothing, shoes and toys, amongst others.Services such as haircuts, car repairs and maintenance, dry cleaning are also affected. Although the pink tax has been spoken about ever since…

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This edition of State of the Union focusses on three issues feeding citizens’ anger with the establishment in the EU and beyond: possible nepotism in the EU Commission, infringement of free speech and Georgia’s controversial “foreign agent” bill ADVERTISEMENTWhen, in January, the EU Commission appointed German Christian Democrat MEP Markus Pieper for a new position as a small business envoy, it sparked an outcry.The reason: Markus Pieper scored worse than other candidates for the plum position with almost 19.000 euros per month.The recruitment drew accusations of cronyism, as Pieper belongs to the same political party as Commission President Ursula von…

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London’s FTSE 100 hit an all-time high on Tuesday as traders digested latest economic data and positive corporate earnings from Primark owner Associated British Foods. ADVERTISEMENTAt the time of writing, the FTSE 100 in the UK, which measures the performance of the 100 largest companies traded on the London Stock Exchange, was up 0.32% on the day at 8,049.70 points. Earlier in the trading session it reached 8,075.68 – a fresh record for the blue-chip index.”No sooner had the FTSE 100 hit a new record closing level, the blue-chip index has now scored another goal by achieving a new intraday…

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