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Despite price increases, Netflix subscriber growth continues

Netflix added 13 million subscribers in the final three months of last year, the company said on Tuesday, despite price hikes at the leading streaming service. Netflix finished 2023 with slightly more than 260 million subscribers worldwide, with a profit of $938 million in the final quarter versus just $55 million in the same period a year earlier. "We believe there is plenty of room for growth ahead as streaming expands," the US company said i...

Thailand downgrades 2024 GDP growth projection to 2.8%

Thailand's economy is expected to grow 2.8% this year, a sharp downgrade from a previous projection of 3.2%, the finance ministry said in a statement on Tuesday. Gross domestic product (GDP) growth last year is seen at 1.8%, down from 2.7% seen earlier. A view of Bangkok's port along Chao Phraya River is photographed during sunset in Bangkok, Thailand, July 19, 2022. Photo by Reuters Foreign tourist arrivals in 2024 are forecast at 33.5...

Seven people found shot to death at two locations near Chicago

Seven people were found shot to death inside two homes in the Chicago suburb of Joliet, Illinois, and a man who knew the victims was being sought by investigators as a suspect in the killings, police said on Monday. Police said they had no immediate information on a possible motive for the shootings, but said the victims were believed to be members of the same family. Local sheriff's deputies and agents for the FBI's fugitive task force wer...

Korean Air plane collides with Cathay jet on Hokkaido airport taxiway

"Our aircraft, which was stationary at the time with no customers nor crew onboard, was struck by a Korean Air A330 which was taxiing past," Hong Kong's Cathay Pacific said in a statement. Korean Air also confirmed there were no injuries among the 276 passengers and 13 crew on board its Airbus A330-300 that had been set to depart for Seoul's main airport Incheon from New Chitose on the northern Japanese island of Hokkaido. The airline said its...

iPhone dethrones Samsung as #1 global smartphone for first time in 12 years

Apple's iPhone for the first time became the world's biggest selling smartphone after rival Samsung's 12-year run as leader, data showed. According to data from the International Data Corporation released on Monday, the iPhone stole Samsung's crown in 2023 with 234.6 million units sold, compared to the South Korean firm's 226.6 million units. The U.S. tech giant commanded a 20.1 percent market share ahead of Samsung's 19.4 percent, the IDC sa...

Somali president's son avoids jail, fined $900 for fatal Istanbul crash

A Turkish court on Tuesday fined the son of Somalia's president less than $1,000 for accidentally knocking over and killing a delivery driver in Istanbul, local media reported. The court found Mohammed, the son of Somalia's President Hassan Sheikh Mohamud, guilty of causing death by negligence when the car he was driving collided with a motorbike delivery man on November 30. Yunus Emre Gocer, a parent with two children, died in the hospital s...

Dense fog disrupts flights, trains in Indian capital

Dense fog and cold enveloping large swathes of the northern part of India disrupted flights and train service in the country's capital New Delhi for a second day on Monday. At least 463 flights leaving Delhi were delayed and 87 flights were canceled on Monday, according to aviation website Flightradar24. More than 500 flights were delayed in Delhi on Sunday. The aviation regulator said in an email to airlines that they are required to share ac...

Boeing Introducing Enhanced Quality Checks for Troubled 737 MAX Jets

Boeing will add further quality inspections for the 737 MAX after a mid-air blowout of a cabin panel in an Alaska Airlines MAX 9 earlier this month, the head of its commercial airplanes division said on Monday. The planemaker will also deploy a team to supplier Spirit AeroSystems - which makes and installs the plug door involved in the incident - to check and approve Spirit's work on the plugs before fuselages are sent to Boeing's production fac...

Microsoft Overtakes Apple as Most Valuable Company by Market Capitalization

Microsoft has eclipsed Apple to become the world's largest company by market capitalization, driven by its deep focus on generative artificial intelligence (AI), a sector that has garnered increasing investor favour. The tech giant, which along with Nvidia and Amazon placed a significant emphasis on AI, has experienced substantial market surges over the past year. Notably, Microsoft's market value has risen by over $1 trillion. Analysts are dra...

FAA Continues Ban on Boeing 737 MAX 9 Aircraft

The US Federal Aviation Administration (FAA) said Friday that all 737 MAX 9 planes would remain grounded until Boeing provides further data following a near-catastrophic incident on an Alaska Airlines-operated aircraft. "For the safety of American travelers the FAA will keep the Boeing 737-9 MAX grounded until extensive inspection and maintenance is conducted and data from inspections is reviewed," the FAA said in a statement. In the dramatic J...