NAIROBI, Aug 18 Reuters Ethiopian Airlines will start manufacturing aircraft parts in a venture with Boeing at an initial cost of 15 million, the government39;s investment agency said on Friday. The stateowned carrier, which is the biggest in Africa, has already signed the deal that also involves the local state Industrial Parks Development Corporation, the Ethiopian […]

Aug 18 Reuters WeWork said on Friday it would proceed with a oneforforty reverse stock split to regain compliance with listing requirements, days after the flexible workspace provider raised substantial doubt over its ability to continue operations. The company39;s shares have lost nearly all of their value since making market debut through a blankcheck merger in […]

Aug 18 Reuters Deere Co breezed past Wall Street estimates for thirdquarter profit on Friday and raised its fullyear guidance, but investor concerns over slower sales going forward sent shares down as much as 5. The Moline, Illinoisbased company posted a 60 rise in quarterly profit, yet investors were seemingly unimpressed as shares slumped for the […]

LONDON, Aug 18 Reuters Some of the world39;s biggest advertisers, from food giant Nestle to consumer goods multinational Unilever, are experimenting with using generative AI software like ChatGPT and DALLE to cut costs and increase productivity, executives say. But many companies remain wary of security and copyright risks as well as the dangers of unintended biases […]

Shares down more than 2 Quarterly cash profit A1.8 bln, in line with consensus CET1 Ratio of 11.9 Aug 21 Reuters Westpac Banking Corp on Monday posted a quarterly cash profit of A1.8 billion 1.15 billion, in line with consensus expectations, but flagged an acceleration in its expenses in the quarter, sending its shares down more […]

Aug 21 Reuters Singapore Telecommunications reported on Monday a 23 decline in firstquarter net profit, citing the oneoff impact at Bharti Airtel in Nigeria as the naira depreciated sharply against the U.S. dollar, as well as high costs. Singapore Telecommunications SingTel, Southeast Asia39;s largest telecoms company, owns an effective 29.5 stake in India39;s Bharti Airtel. SingTel said […]