2024 - Page 55 of 121

Tech glitches trigger widespread disruption, small businesses hit hard

Aug

Tech glitches trigger widespread disruption, small businesses hit hard

More news - Latest news NEW YORK — Following a faulty software update in Vienna, widespread technology disruptions continued at several airports around the world, causing a significant spike in flight cancellations. According to FlightAware, the United States saw a significant increase in domestic and international flight cancellations, totaling 758, exceeding the numbers typically seen on peak holiday days, with Delta Air Lines the hardest hit. Delta alone accounted for 626 of these cancellations, which represents about 83% of the total cancellations reported. Delta CEO Ed Bastian told passengers that the airline is moving forward to resume normal operations following…

Paramount Global significantly cuts U.S. workforce as Q2 earnings lift shares

Aug

By Liam Walker

Investments and Business

Paramount Global significantly cuts U.S. workforce as Q2 earnings lift shares

More news - Breaking news Paramount Global has announced a 15% reduction in its U.S. workforce, in line with a global cost-cutting strategy in anticipation of its upcoming merger with Skydance Media. The company disclosed plans to achieve $500 million in cost savings, contributing to a larger $2 billion in synergies expected from its merger with Skydance. The upcoming layoffs, scheduled to begin soon and be completed by the end of the year, will primarily affect departments such as marketing, communications, finance, legal, technology and other support roles, the company noted in its recent earnings conference call. Last month, Paramount…

Emergency evacuations and state of emergency in Kursk after Ukrainian raid

Aug

By Liam Walker

World

Emergency evacuations and state of emergency in Kursk after Ukrainian raid

Related media - Breaking news In response to a recent Ukrainian military action near its border, Russia has evacuated more than 3,000 citizens and declared a state of emergency in the Kursk region starting in early August 2024. The Russian Defense Ministry has released footage showing a retaliatory missile strike targeting Ukrainian military assets nearby. Local officials said the evacuation followed a significant military engagement initiated by Ukraine, marking a major escalation in the region. The ongoing operations in Kursk have caused heavy losses for Ukraine, including 660 soldiers and several armored units, according to a statement from the Russian…

Unexpected drop in weekly jobless claims offers hope for U.S. labor market

Aug

By Liam Walker

Investments and Business

Unexpected drop in weekly jobless claims offers hope for U.S. labor market

More news - Breaking news On the busy streets of New York City, amid the daily hustle and bustle, a storefront displays a sign that simply reads “Jobs.” This sign, captured on August 2, 2024, could symbolize a sea change in the U.S. labor market. Initial jobless claims fell more sharply than expected last week, suggesting resilience in an otherwise uncertain labor market. According to the latest data from the Labor Department, new jobless claims fell to a seasonally adjusted 233,000, down 17,000 from the previous week’s revised figure. That number not only beat expectations, but also fell below the…

Breakthrough peanut allergy treatment program launched in Australia

Aug

By Liam Walker

World

Breakthrough peanut allergy treatment program launched in Australia

Related media - Breaking news In a groundbreaking initiative, infants with peanut allergies across Australian hospitals will now have access to a life-changing treatment program aimed at building tolerance to this common allergy. The pioneering program, the first of its kind in the world, is a collaboration between the National Centre of Excellence in Allergy (NACE) and the Murdoch Children's Research Institute (MCRI). Known as the ADAPT OIT Program, it is tailored for infants under 12 months who have been diagnosed with a peanut allergy and are under the care of allergy specialists at ten children’s hospitals in five states…

Harris, Walz Kick Off Campaign, Taking Direct Target at Trump’s Record

Aug

By Liam Walker

World

Harris, Walz Kick Off Campaign, Taking Direct Target at Trump’s Record

More news - Latest news At their joint inaugural rally in Philadelphia, Vice President Kamala Harris, now a presidential candidate, and her chosen candidate, Minnesota Gov. Tim Walz, addressed a large crowd. Walz expressed his excitement about their partnership to more than 12,000 attendees, according to Harris' campaign team. "It's a privilege to join this dynamic slate," he noted, bringing a wave of excitement to the gathering. In her speech, Harris emphasized her search for a vice president who embodies a vision of a hopeful future, ultimately choosing Governor Walz for his leadership qualities and Minnesota roots. Despite his initial…

Utah Jazz secure Lauri Markkanen with 8M contract extension

Aug

By Liam Walker

World

Utah Jazz secure Lauri Markkanen with $238M contract extension

More news - Latest news The Utah Jazz have finalized a major five-year, $238 million contract extension with power forward Lauri Markkanen, according to recent ESPN reports Wednesday. The deal comes after much speculation about Markkanen's future following multiple offseason trade discussions. Previously, Markkanen was in the final year of a four-year, $67 million contract. The new extension, which begins next season, effectively adds five more years to his tenure with the Jazz and does not include any player or team options. This agreement includes a six-month hold on any potential trade involving Markkanen, and this restriction will be lifted…