TOKYO—Toyota Motor Corp. on Monday said it could produce as many as 10.6 million vehicles this year, while warning of downward risk to its projection from the possible impact of issues such as parts supply shortages and COVID-19. The car giant said that it saw a downside risk of about 10 percent on that baseline…
Energy Boss Says High Prices Are Here to Stay Thanks to Net Zero and Windfall Taxes
January 16, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyenergy pricesEuropenet zeroRishi SunakUKwindfall taxWorld
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Energy bills will remain higher for years, the boss of one of Europe’s biggest gas companies has warned. Equinor Chief Executive Anders Opedal told the BBC that the cost of governments’ attempt to reach “net zero” emissions targets and windfall taxes on energy firms will make it hard for prices to fall. Norway’s Equinor is…
Musk’s Lawyers Claim Vast Majority of San Francisco Jurors Hold Negative View of Tesla CEO Ahead of Shareholder Trial
Tech billionaire Elon Musk’s lawyers have argued that the Tesla CEO is viewed in a negative light by more than 80 percent of prospective jurors in San Francisco in an effort to get his upcoming trial against a group of Tesla shareholders moved out of the state. Lawyers for Musk argued in court documents that questionnaires,…
Southwest Airlines Unveils System Upgrades Amid Efforts to Ward Off Future Meltdowns
January 15, 2023
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Business & MarketsCompanieseconomySouthwest AirliinesSouthwest Airlines Pilots AssociationU.S. Department of TransportationUSUS News
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Southwest Airlines has created an “early indicator” system and taken other steps in its efforts to ward off a future operational meltdown. CEO Bob Jordan updated employees about the actions that company leaders have taken so far in a Jan. 13 internal memo obtained by The Epoch Times. But one of Southwest’s largest unions, which…
Class Action Lawsuit Against Twitter Blocked, Had No Legal Basis, Judge Rules
A judge ruled on Friday that several former Twitter employees who had filed a class action lawsuit against the social media giant must pursue individual arbitration instead. The case involved five former Twitter employees involved in a class action against Twitter for not being given adequate notice before being laid off. U.S. District judge James…
Home Depot Adopts New Policy on How It Pays Employees Following Lawsuit
January 14, 2023
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Business & MarketsCompaniesemployee compensationemployee lawsuitHome DepotTimesheet roundingUSUS News
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Home Depot announced a new policy regarding how it calculates employee wages, doing away with its earlier practice of rounding off time spent by employees at work and instead choosing to calculate based on the “nearest minute” spent by workers. “Our policy has been to round total shift time up or down to the nearest…
Major Media Want to Know Who Guaranteed Sam Bankman-Fried’s $250 Million Bond
NEW YORK—Eight major media outlets on Thursday asked the U.S. judge overseeing Sam Bankman-Fried’s criminal case to make public the names of two people who helped guarantee the FTX cryptocurrency exchange founder’s $250 million bond. Saying the public interest “cannot be overstated,” lawyers for the outlets, including Reuters, said the public’s right to know Bankman-Fried’s…
Boeing 737 MAX Makes First Passenger Flight in China Since March 2019
BEIJING/SYDNEY—A Boeing Co. 737 MAX made its first passenger flight in China in nearly four years on Friday. The China Southern Airlines Co. Ltd domestic flight from Guangzhou to Zhengzhou departed at 0445 GMT using a MAX plane, according to flight tracking website FlightRadar24. The best-selling Boeing model was grounded in March 2019 after fatal…
New, Taller Barbie Doll Is Aimed at Children as Young as 3
NEW YORK—Love her or loathe her, Barbie has been transformed again, this time into a version for children as young as 3. Gone is the contentious hourglass figure for My First Barbie, which launched Thursday ahead of July’s live-action film about the icon starring Margot Robbie and Ryan Gosling. The slightly softer-bodied Barbie follows on…
New, Taller Barbie Doll Is Aimed at Kids as Young as 3
NEW YORK—Love her or loathe her, Barbie has been transformed again, this time into a version for children as young as 3. Gone is the contentious hourglass figure for My First Barbie, which launched Thursday ahead of July’s live-action film about the icon starring Margot Robbie and Ryan Gosling. The slightly softer-bodied Barbie follows on…
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