AFP
13876 articles published since 08 Mar 2022
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UBS net profit up 71% after two quarters in the red
Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion after two quarters in the red due to the takeover of Credit Suisse. In March 2023, Swiss authorities strongarmed UBS into the $3.25-billion takeover to prevent Credit Suisse from going under with catastrophic consequences for the global financial system.
Amazon says will invest $9 billion in Singapore
Amazon said Tuesday it would invest US$9 billion in Singapore over the next four years to expand its cloud computing capabilities in the city. Microsoft pledged US$2.2 billion in artificial intelligence and cloud computing investment in Malaysia on Thursday.
Chinese mill blamed for turning Serbia village red with pollution
In the eight years since Chinese company HBIS bought a steel mill near the eastern Serbian city of Smederevo, locals say they have been plagued by heavy air pollution and thick red dust. - Cancer cases quadrupled - The Serbian Environmental Protection Agency has ranked Smederevo repeatedly among the country's most polluted cities, classified as having "excessively polluted air".
Asia tracks another rally on Wall St as US rate optimism lingers
Asian markets built on the latest global rally Tuesday as optimism that the US Federal Reserve will cut interest rates this year continued to breeze through trading floors.
Boeing probed in US over possible falsified records on 787
US air safety authorities are investigating whether embattled aviation giant Boeing completed required inspections on its 787 aircraft and whether employees falsified records, officials said Monday. "The FAA is investigating whether Boeing completed the inspections and whether company employees may have falsified aircraft records," the agency said.
Sony backtracks faced with anger of 'Helldivers 2' players
Sony backtracked Monday after players of its popular cooperative third-person shooter game "Helldivers 2" pushed back against a requirement to link with its PlayStation Network platform. Steam is a popular platform for playing video games on PCs, tablets and phones, while PlayStation Network is a similar platform for PlayStation users.
EU ready for 'tough decisions to protect economy', von der Leyen tells China
European Commission President Ursula von der Leyen said on Monday that the EU would not shrink back from taking tough measures to protect its economy and security, amid tense trade relations with China. "Europe will not waver from making tough decisions needed to protect its economy and its security," she said.
Struggling French tech group Atos weighs financial lifelines
Struggling French tech group Atos, an Olympics partner and key French defence contractor, said Monday it would make a decision on financial restructuring offers by May 31. Atos said in a statement on Monday that its board had received four financial restructuring offers on Sunday.
EU election could force sharp turn in electric car policy
A change at the top of European institutions could herald a change in the 2035 target to phase out sales of internal combustion engine cars even though the automotive industry is already well down the road towards transitioning to electric vehicles.
AFP
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