Global airlines on Monday more than doubled their forecast for the industry’s 2023 profit but warned delays in getting planes to cope with rising demand could dampen their post-pandemic recovery. “The pandemic years are behind us and borders are open as normal,” Willie Walsh, head of the International Air Transport …
Read More »India investigates rail disaster as trains crawl through crash site
The official investigation into India’s deadliest rail crash in over two decades began on Monday after preliminary findings pointed to signal failure as the likely cause for a collision that killed at least 275 people and injured 1,200. The disaster struck on Friday, when a passenger train hit a stationary …
Read More »Layoffs hit textile-garment workers hardest
Textile and garment workers make up most workers discharged in the first five months of the year due to difficult economic conditions. Attending a National Assembly meeting on Sunday, Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung said nearly 280,000 lost jobs in the first five months. Of …
Read More »Chinese quants redouble AI bets amid ChatGPT frenzy
Chinese quant hedge fund managers are rushing to explore ChatGPT-style tools, embracing the emerging AI technology that has sparked a global frenzy since the release of the widely popular Microsoft-backed OpenAI chatbot. Quants’ focus on advanced artificial intelligence to aid decision-making comes amid a tough investment environment, as China’s post-Covid …
Read More »Hollywood directors reach labor pact, writers remain on strike
Hollywood’s major studios reached a tentative labor agreement with the union representing film and television directors, likely averting a work stoppage that would have piled pressure on media companies to settle with striking writers. The Directors Guild of America (DGA) will ask its 19,000 members to approve the three-year contract, …
Read More »NASA holds first Vietnam Space Week
The first ever Vietnam Space Week is taking place from June 5-9 in HCMC, Hau Giang and Binh Dinh provinces, with participation of NASA experts. According to the Ho Chi Minh City Computer Association, the host of the event, Vietnam is the first country in Southeast Asia chosen by a …
Read More »China’s services activity picks up in May on improved demand: Caixin PMI
China’s services activity picked up in May, a private-sector survey showed on Monday, as a rise in new orders shored up a consumption-led economic recovery in the second quarter. The Caixin/S&P Global services purchasing managers’ index (PMI) rose to 57.1 in May from 56.4 in April. The 50-point mark separates …
Read More »Japanese get trained in ‘Hollywood’ smiles as masks slowly come off
In one of Keiko Kawano’s recent classes, more than a dozen Tokyo art school students held mirrors to their faces, stretching the sides of their mouths upward with their fingers: they were practising how to smile. It’s not something most people would think to pay for but Kawano’s services as …
Read More »Vietnam discovers 158 new species during 2021-2022
Vietnam discovered 158 new species during 2021-2022, according to a report recently released by the World Wide Fund for Nature (WWF). During the period, scientists found out 380 new species of vascular plants and vertebrate animals in the Greater Mekong Sub-region, which includes Cambodia, Laos, Myanmar, Thailand and Vietnam. There …
Read More »Jet fighters chase small plane in Washington area before it crashes in Virginia
The United States scrambled F-16 fighter jets in a supersonic chase of a light aircraft with an unresponsive pilot that violated airspace in the Washington D.C. area and later crashed into the mountains of Virginia, officials said. The jet fighters prompted a sonic boom over the U.S. capital in an …
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