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Global airlines more than double 2023 profit outlook

Global airlines more than double 2023 profit outlook

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 …

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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 …

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Chinese quants redouble AI bets amid ChatGPT frenzy

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 …

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Hollywood directors reach labor pact, writers remain on strike

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, …

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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 …

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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 …

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