Tucked inside Canoo’s 2023 earnings report is a nugget regarding the use of CEO Tony Aquila’s private jet — just one of many expenses that illustrates the gap between spending and revenue at the EV startup. Canoo posted Monday its fourth-quarter and full-year earnings for 2023 in a regulatory filing that shows a company burning … Read more
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Whether you’re looking for cheap cable-free ways to watch the NCAA championship games or are simply worried about Max’s forthcoming password-sharing crackdown, today’s Max deal arrives at the perfect time. Right now, Max is taking an additional 30 percent off of its annual subscription for one year, for a total 40 percent discount compared to … Read more
The Maslak financial and business center in the Sariyer district of Istanbul. Ayhan Altun | Moment | Getty Images Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations. Analysts polled by Reuters had anticipated annual inflation would climb to 65.7% last month. The combined … Read more
BEIJING — It’s clear that China’s efforts to build confidence in its slowing economy will top the agenda of this week’s meeting of its ceremonial national legislature. What remains unclear is how the ruling Communist Party can navigate toward stronger, sustained growth as China’s workforce is aging, relations with Washington are fraught, and housing construction … Read more
BEIJING — The Chinese government said Monday it is eliminating an annual news conference by the premier that was one of the only times a top Chinese leader took questions from the news media. Lou Qinlan, the spokesperson for the National People’s Congress, said on the eve of the opening of the annual session of … Read more
MELBOURNE, Australia — Organizers of the Sydney Gay and Lesbian Mardi Gras asked police not to march at their annual parade this weekend, after the alleged murder of a couple by a police officer, prompting the police commissioner on Tuesday to urge the ban be reversed. Police are continuing to search for the bodies of … Read more
Rain falls over the finance district and the European Central Bank (ECB) in Frankfurt, Germany. Thomas Lohnes | Getty Images News | Getty Images The European Central Bank on Thursday reported its first annual loss since 2004, following hefty payouts due to higher interest rates. It reported losses of 1.3 billion euros ($1.4 billion), which would … Read more
Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on Saturday, Feb 16, 2019. Anthony Kwan | Bloomberg | Getty Images HSBC reported on Wednesday its full year 2023 pre-tax profit climbed about 78% to $30.3 billion from a year ago, missing median estimates of … Read more
Inflation rose more than expected in January as stubbornly high shelter prices weighed on consumers, the Labor Department reported Tuesday. The consumer price index, a broad-based measure of the prices shoppers face for goods and services across the economy, increased 0.3% for the month, the Bureau of Labor Statistics reported. On a 12-month basis, that … Read more
BUDAPEST, Hungary — Antifascist activists gathered in Hungary’s capital on Saturday to oppose an annual commemoration held by far-right groups, underscoring diplomatic tensions between Budapest and Rome over the detention of an Italian citizen in a Hungarian jail. Hundreds of activists marched through central Budapest alongside a heavy police presence, and called for “freedom for … Read more