Royal Caribbean Group raised its annual profit forecast after upbeat quarterly results on Thursday, cruising on the back of higher ticket prices and pent-up leisure travel demand, sending shares up nearly 8 percent. The Miami, Florida-based company also projected current-quarter earnings well above Wall Street estimates and said bookings outpaced 2019 levels by “a very…
Royal Caribbean Raises Profit Forecast Buoyed by Travel Boom, Higher Prices
Apple Posts Quarterly Revenue Decline; iPhone Sales Solid
Apple once again posted an, until now, rare revenue decline in its latest fiscal quarter, but said its overall business improved from the December quarter and sales of its iPhones were solid. The results reported Thursday were better than Wall Street’s muted expectations and Apple’s stock rose in after-hours trading. The latest numbers come after…
South Australia to Become Home to 1st Operational mRNA Factory Outside US
May 4, 2023
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Asia & PacificAustraliaBusiness & MarketsBusinesses in COVID-19CCP VirusCompaniesCOVID-19 vaccine manufacturingCOVID19Health & SafetyInternationalLifestyleModernamRNAPeter MalinauskasScienceScience NewsSouth AustraliaVaccines & SafetyWorld
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South Australia has announced a partnership with the international biotech enterprise, BioCina, to become home to the first mRNA development and production facility in Australia and make homegrown mRNA vaccines a reality. Last year, U.S. biotech giant Moderna and the Australian government agreed to build the first mRNA vaccine manufacturing facility outside North America. Construction…
South Australia to Become Home to First MRNA Factory Outside US
May 4, 2023
admin
Asia & PacificAustraliaBusiness & MarketsBusinesses in COVID-19CCP VirusCompaniesCOVID-19 vaccine manufacturingCOVID19Health & SafetyInternationalLifestyleModernamRNAPeter MalinauskasScienceScience NewsSouth AustraliaVaccines & SafetyWorld
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South Australia has announced a partnership with the international biotech enterprise, BioCina, to become home to the first mRNA development and production facility in Australia and make homegrown mRNA vaccines a reality. Last year, U.S. biotech giant Moderna and the Australian government agreed to build the first mRNA vaccine manufacturing facility outside North America. Construction…
BMW: Don’t Drive Older Models With Takata Air Bag Inflators
DETROIT—BMW is warning the owners of about 90,000 older vehicles in the United States not to drive them due to an increasing threat that the air bags might explode in a crash. The warning covers vehicles from the 2000 through 2006 model years that previously had been recalled to replace faulty and dangerous air bag…
Tucker Carlson Jokes About Being ‘Fired’
Tucker Carlson is scheduled to make a speech at an Alabama fundraiser on Thursday evening, while he also sent a prerecorded video to the Conservative Political Action Conference (CPAC) in Hungary that aired on Thursday. “Greetings to CPAC Hungary and all you Americans in the audience,” Carlson said in the footage posted on social media. “You…
Shell Beats Forecasts With $9.65 Billion Profit in First Quarter
May 4, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyEuropeinflationInvestmentMarketsquarterly earningsRussia-Ukraine WarShell OilUKWorld
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Shell announced higher-than-expected profits for the first three months of 2023, continuing a positive winning streak after energy prices surged last year due to the Russian war against Ukraine. Quarterly earnings benefited from higher oil and gas prices, a boost in refining profits, and excellent performance from its trading division. The UK-based oil company released its first…
Artificial Intelligence Is Expected to Cut 8,000 Jobs in IBM: CEO
International Business Machines Corp. expects to pause hiring for roles as roughly 7,800 jobs could be replaced by artificial intelligence (AI) in the coming years, CEO Arvind Krishna told Bloomberg News on Monday. Hiring specifically in back-office functions such as human resources will be suspended or slowed, Krishna said, adding that 30 percent of non-customer-facing…
FTC Proposes New Rules Barring Facebook from ‘Monetizing Youth Data’
The Federal Trade Commission (FTC) on May 3 alleged Facebook failed to comply with a 2020 privacy order and proposed “blanket prohibitions” barring the social media giant from monetizing the data of young users. Wednesday’s announcement represents the third time the FTC has taken action against Facebook, now called Meta, over privacy issues. The tech company agreed…
Shell’s Profits Hit $9.6 Billion Despite ‘Volatile Market’
British energy giant Shell has published its first-quarter profits, reporting adjusted earnings of $9.6 billion. The company achieved the results despite an “unfavourable” tax climate and “lower realised oil and gas prices.” Shell announced on May 4 that its numbers are $500 million higher than the same period last year. The company’s adjusted earnings for…
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