ISTANBUL—Airlines said on Sunday they are ready to avoid a repeat of last year’s travel chaos, but warned that some flights could still be disrupted by controller strikes and hit out at schemes that force them to pay compensation for unavoidable delays. “I am reasonably confident that we’ll be able to get through this peak…
US Opens Probe Into Freightliner Trucks Automatically Braking Without Obstacle in Road
DETROIT—The U.S. government’s highway safety agency is investigating complaints that the automatic emergency braking on big Freightliner semis can stop the trucks unexpectedly for no apparent reason. It’s at least the third recent investigation by the National Highway Traffic Safety Administration (NHTSA) into glitches with the technology, which has the potential to save lives because…
Nvidia to Build Israeli Supercomputer as AI Demand Soars
JERUSALEM—Nvidia Corp. said it was building Israel’s most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications. Nvidia, the world’s most valuable listed chip company, said on May 29 the cloud-based system would cost hundreds of millions of dollars and be partly operational by the end of 2023. Gilad Shainer, a…
Australian Government Announces Law Reform to Resolve Migrant Worker Exploitation
June 5, 2023
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Andrew GilesAustraliaBusiness & MarketsClare O'Neileconomic policiesmigrant exploitationminimum wageWorld
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The Australian government has introduced new measures to address the exploitation of migrant workers among local businesses. On June 5, the federal government announced a package of legislation to crack down on unfair employment practices targeting temporary visa holders. Under the changes, employers who force workers to breach their visa conditions will face jail terms…
Ford Motor Co. Sues Blue Cross Blue Shield in Antitrust Case Over ‘Astronomical’ Profit
Ford Motor Co. is suing Blue Cross Blue Shield Association in U.S. court, accusing it of a price-fixing conspiracy that caused the automaker to pay inflated costs for health insurance products for its employees. The lawsuit Ford filed in Detroit federal court on May 31 accused the insurer and its regional Michigan branch of unlawfully…
Australia Strengthens Ties With ‘Top Tier’ Partner Vietnam
Australian Prime Minister Anthony Albanese celebrated 50 years of bilateral relations with Vietnam with banh mi and beer in Hanoi while calling the friendship between the two countries “absolutely vital” to addressing the regional challenges. Focusing heavily on enhancing trade, the prime minister indicated there were plans to upgrade Australia’s relationship with the Socialist Republic…
Environmentalist Group Calls on Banks to Set ‘Deforestation’ Targets
June 4, 2023
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AustraliaAustralian Conservation FoundationBusiness & MarketsCampbell NewmanCompanieseconomic policiesEnvironmentenvironmental activismenvironmental activistsenvironmentalismInternationalQueenslandScienceWorld
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The Australian Conservation Foundation (ACF) says banks should consider attaching “deforestation” conditions on loans in a proposal most likely to impact farmers. The ACF claimed that over 200,000 hectares of koala-inhabited habitat in Queensland, Australia, were destroyed in the past 10 years and that over 364,000 hectares of native vegetation were cleared from 2018 to…
Woke, Crony Capitalism Takes Hold Down Under
June 4, 2023
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AustraliaBusiness & Marketscancel cultureCompaniescrony capitalismeconomic policiesFeatured TopicsIndigenous Voice to ParliamentInternationalOpinionUSViewpointswoke capitalismWorld
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Commentary The corporate campaign backing a change to Australia’s Constitution is the latest installment in large business bludgeoning not just customers, but everyone, over woke causes. It’s a form of crony capitalism verging on fascism. It’s bad for the country, and it is bad for the government. Large companies are primed for it by the…
Investors Should Brace for Debt Ceiling Aftermath
Commentary At the risk of sounding like a market curmudgeon, we must warn that the debt-ceiling deal agreement is a double-edged sword. While the immediate financial risk of a U.S. government default has been averted, a few other consequences resulting from the debt ceiling increase will likely haunt investors and the U.S. economy in the…
Ex-Target Executive Reveals the ‘One Item’ That Sparked Boycott Calls
A former Target executive claimed that there was one item that sparked widespread boycott calls against the big box chain. Former Target Vice Chairman Gerald Storch said in a Sunday interview with Fox News that a number of retailers, including Target, have sold pro-LGBT merchandise over the past several years and claimed that “everybody carries that…
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