Tag: World news

Reddit's explosive user growth and AI tools help it soar to its first profit as a public company

NEW YORK -- Reddit has turned a profit for the first time as a public company. The social platform claimed a profit of...

Saudi startup Riyadh Air orders 60 Airbus A321neo planes

PARIS -- Saudi startup airline Riyadh Air has ordered 60 Airbus aircraft, the European aerospace manufacturer said Wednesday.Riyadh Air plans to begin passenger...

More spending and tax hikes expected in the first budget from Britain's Labour government

LONDON -- British Treasury chief Rachel Reeves will deliver her first budget in Parliament on Wednesday, a tightrope act that aims to find...

Global stocks mostly lower after Big Tech stocks push Nasdaq to record high

HONG KONG -- Global markets were mostly lower on Wednesday after a rally by technology stocks propelled the Nasdaq composite to a record...

Volkswagen says cost cuts are urgently needed as its earnings decline sharply

BERLIN -- Volkswagen said significant cost cuts are urgently needed as it reported a steep decline in third-quarter earnings on Wednesday and faced...

Iran lifts its ban on imports of new iPhone models in place since last year

TEHRAN, Iran -- Iranians will soon be able to get their hands on iPhones 14, 15 and 16 after authorities lifted a ban...