Business FRANCE 24 English
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A daily update on the latest business and economic news. Live from Monday to Thursday at 9:15am and 6:45pm Paris time.
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Crisis-hit Boeing reports quarterly revenue drop
Under intense pressure since a part of the fuselage on its 737 Max plane blew out mid-flight, Boeing reported its first-quarter results with revenue falling to $16.5 billion and a cash burn of nearly $4 billion... though they were still better than feared. The planemaker's board has yet to name a successor to CEO Dave Calhoun who announced his resignation last month.
Plus, the EU has launched a probe into China's medical device market, drawing a sharp response from Beijing. -
After US Senate votes in favour of potential ban, what's next for TikTok?
On Tuesday, the US Senate approved a measure that would force the owner of social media app TikTok to either sell the US unit of the company or face a ban. The Chinese-owned group stands to lose a lot if it leaves the US market and is already planning to fight the bill in the courts, arguing it goes against users' free speech rights. Also in this edition, FRANCE 24's Bryan Quinn looks at Tesla's falling revenues and profits amid competition from cheaper rivals.
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Australian PM slams 'arrogant billionaire' Elon Musk amid censorship row
A war of words is escalating between the Australian government and the owner of X, with PM Anthony Albanese calling Elon Musk an "arrogant billionaire who thinks he's above the law" in response to Musk's social media comments accusing the Australian government of censorship. The spat stems from X's reluctance to comply with an order from the country's internet regulator to take down footage of last week's alleged terrorist attack in Sydney at a church. We take a closer look.
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Youth unemployment takes centre stage in Indian elections
As India's opposition leader Rahul Gandhi claims on the campaign trail that Prime Minister Narendra Modi has made the country into a "centre of unemployment", we look at the situation that young Indians face on the job market. Also in this edition, the US will see its first high-speed rail line in 2028, when commuters will be able to travel from Los Angeles to Las Vegas in just over two hours.
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Turkish president visits Iraq to bolster economic ties
Turkey's President Recep Tayyip Erdogan was in Iraq this Monday on his first official visit in over a decade. Erdogan signed a raft of deals in a bid to reset rocky relations. High on the agenda was the water issue, stemming from Turkey's construction of dams on the Tigris and Euphrates rivers that has reduced water supply downstream to Iraq. We take a closer look.
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Most of world's biggest private companies failing to set net zero targets: report
A report by Net Zero Tracker released this Earth Day shows that most of the world's biggest private companies have failed to set net zero targets. Only 40 of 100 private firms studied have pledged to achieve zero carbon emissions, compared to 70 out of 100 publicly-listed firms. Net Zero Tracker blames a lack of market and reputational pressures, as well as an absence of regulation. Plus, electric car giant Tesla slashes prices across several markets as its sales decline.