Author: LoveWorld UK

BOEING SEEN POSTING 26% YEAR-ON-YEAR REVENUE DROP – Boeing has fallen short of analyst bottom-line estimates four times over the last eight quarters Shares of Boeing dipped amid a steep, tech-concentrated selloff ahead of its quarterly results expected before the opening bell. The company is expected to post an adjusted loss per share of $2.65, compared with the year ago quarter’s $0.47 loss per share on rev of $16.21 bln, a 26.4% y/y decrease, according to LSEG. Boeing has fallen short of analyst bottom-line estimates four times over the last eight quarters, per LSEG. On January 23, the planemaker warned…

TESLA JOINS COURT CHALLENGES TO EU TARIFFS – Tesla has joined BMW and Chinese producers in filing a challenge at the Court of Justice of the European Union Tesla has joined BMW and Chinese producers in filing a challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles, according to a filing on the court’s website. The challenge will open a new front in Brussels’ conflict with Elon Musk, Tesla CEO and ally of U.S. President Donald Trump. Earlier this month, the EU stepped up its probe into Musk’s social media platform…

SOUTH KOREAN PRESIDENT ARRIVES AT CORRUPTION INVESTIGATION OFFICE – Authorities have 48 hours to question Yoon South Korean authorities arrested President Yoon Suk Yeol on 15 January over insurrection allegations, with the embattled leader saying he agreed to comply with investigations to avoid “bloodshed,” ending weeks of political standoff. Yoon was seen arriving in a motorcade at the offices of the anti-corruption agency heading the probe on Wednesday morning. Authorities now have 48 hours to question Yoon, after which they must seek a warrant to detain him for up to 20 days or release him. His arrest, the first ever…

EU URGES RWANDA TO WITHDRAW TROOPS FROM CONGO-Kallas says attacks on UN peacekeepers were unacceptable. EU foreign policy chief Kaja Kallas has stated that the EU foreign ministers have called for Rwanda to withdraw troops from eastern Congo . Rebels reportedly marched on Monday into Goma city in eastern Congo, as Congolese troops exchanged fire with Rwandan military over the border, an escalation in a long-running conflict. Kallas, who said the European Union closely follows the crisis in eastern Congo, urged Rwanda to withdraw its troops saying attacks on UN peacekeepers were unacceptable. Kallas added that she had invited the…

SWEDEN OPENS PROBE INTO BALTIC UNDERSEA CABLE DAMAGE-Sweden’s Security Service has seized control of a vessel as part of the probe Sweden has opened a probe into Baltic Undersea cable damage. The Malta-flagged bulk carrier Vezhen was escorted to Swedish waters by a Swedish Coast Guard vessel after an undersea fiber optic cable between Latvia and Sweden was damaged on Sunday. It later anchored outside the Swedish naval base in Karlskrona in southern Sweden. Sweden’s Security Service has seized control of a vessel as part of the probe, the country’s prosecution authority said.  This is the latest incident in the…

KENYA PRESIDENT ANNOUNCES SUMMIT OF EAST AFRICAN COUNTRIES- Ruto urged the President of Rwanda and Congo to heed the “call of peace” Kenya’s President, William Ruto has announced the convening of an extraordinary East African Community Summit to address the conflict in Eastern Congo. Ruto who said he had spoken to the Presidents of Rwanda and Congo, has urged them to heed the call of peace for the sake of their region and the international community.” Ruto said that leaders of the East Africa Community (EAC) bloc had agreed to hold an extraordinary summit to address the current conflict in…

BARCA END LALIGA WINLESS RUN WITH 7-1 THRASHING OF VALENCIA -Barcelona sits third in the standings with 42 points, behind 2nd placed Atletico Madrid  Barcelona snapped their four-match winless streak in LaLiga with an emphatic 7-1 victory over Valencia, with Fermin Lopez scoring an impressive double and adding two assists. De Jong opened the scoring after just three minutes with a right-footed shot that found the bottom left-hand corner. Ferran Torres doubled the lead five minutes later when he latched onto Alejandro Balde’s through ball. Raphinha then capitalised on a defensive error to make it 3-0 before the 15-minute mark. …

OPEN AI TO FACE INDIAN NEWS FIRMS IN COPYRIGHT BATTLE – Courts hear claims of  tech firms using copyrighted work to train AI services without permission Digital news units of Indian billionaires Gautam Adani and Mukesh Ambani, and other outlets including the Indian Express and the Hindustan Times, are joining proceedings against OpenAI for improperly using copyright content, legal papers show. Courts globally are hearing claims by authors, news organizations, and musicians who accuse technology firms of using their copyrighted work to train AI services without permission or payment. The Indian media outlets, including Adani’s NDTV and Ambani’s Network18, have…

TRUMP DISCUSSING TIKTOK PURCHASE WITH MULTIPLE PEOPLE – A decision should be reached in the next 30 days U.S. President Donald Trump said he was in talks with multiple people over buying TikTok and would likely have a decision on the popular app’s future in the next 30 days. “I have spoken to many people about TikTok and there is great interest in TikTok,” Trump told reporters on Air Force One during a flight to Florida. Under the deal being negotiated by the White House, TikTok’s China-based owner, ByteDance, would retain a stake in the company. Still, data collection and…

VOLKSWAGEN CONSIDERS PARTNERING WITH CHINESE CARMAKERS – The company grapples with declining demand and growing competition entering the market in Europe Volkswagen is exploring partnerships with Chinese carmakers to take over its unused European production lines as it grapples with declining demand and growing competition from the same companies entering the market. Executives from VW and Audi told the Financial Times that working with Chinese electric vehicle (EV) makers expanding into Europe could help address falling sales. Audi has already partnered with SAIC, the maker of MG, to produce EVs for the Chinese market, a model that could extend to…