BUSINESS

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By any financial measure, Francis Ford Coppola’s decades-in-the-making, self-financed epic “Megalopolis” was a mega-flop. Despite the legendary director’s passion and investment, the film only managed to earn $4 million in its opening weekend. This is a stark contrast to the success of DreamWorks Animation’s family film “The Wild Robot,” which topped the box office with $35 million.

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Members of the machinists union and negotiators from Boeing resumed talks on Tuesday after some 33,000 employees went on strike late last week, effectively shutting down two Seattle-area factories.

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Kenya’s largest telecommunications company, Safaricom Plc, is making headlines with its strategic discussions with Elon Musk’s Starlink and other satellite providers. This potential partnership aims to revolutionize internet connectivity in Kenya, particularly in underserved rural areas.

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Marking yet another historic  commercial spaceflight, tech entrepreneur Jared Isaacman has returned to Earth after conducting the first-ever private spacewalk. The mission, part of Isaacman's Polaris Dawn program, pushed the boundaries of civilian space exploration and set new altitude
records for non-government spacecraft.

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The Kenyan government is reportedly in the final stages of negotiating a $1.5 billion loan from the United Arab Emirates (UAE) to help bridge its budget financing gap. According to sources familiar with the matter, the loan would come with an interest rate of 8.2%, lower than yields on Kenya's existing sovereign bonds

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The European Court of Justice (ECJ) has ordered Apple to pay back €13bn (£11bn; $14bn) in unpaid taxes to Ireland. “The Court of Justice gives final judgment in the matter and confirms the European Commission’s 2016 decision: Ireland granted Apple unlawful aid which Ireland is required to recover,” the court said. The EU Commission accused Ireland of giving Apple illegal tax advantages eight years ago but the Irish government has consistently argued against the need for the tax to be paid back.

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Google has successfully overturned a €1.5 billion (£1.3 billion) fine imposed by the European Union in 2019 concerning its AdSense advertising platform. This ruling marks a strategic win for the tech giant amidst increasing regulatory scrutiny in Europe and beyond.

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American electric vehicle giant Tesla is gearing up to introduce a six-seat version of its popular Model Y crossover in China, according to sources familiar with the matter. The new variant, slated for production in late 2025, aims to bolster Tesla's position in the world's largest automotive market amid intensifying competition from domestic rivals.