AFP
13876 articles published since 08 Mar 2022
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Netflix adds 6 mn subscribers after password crackdown
Netflix on Wednesday said subscriptions to the media streaming service climbed by nearly 6 million in the wake of its crackdown on password sharing. Earlier this year the company complained that more than 100 million households were sharing accounts at the service.
United Airlines triples Q2 profits on strong demand
United Airlines reported on Wednesday that second-quarter profits more than tripled, benefitting from robust travel demand and a surge in international capacity. But United, which had previously projected an 18.5 percent jump in capacity, instead reported a rise of 17.5 percent in the second quarter.
Tesla earnings rise to $2.7 bn on increased sales, lower prices
Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales. While profit margins fell from the prior quarter following price cuts, the results still topped analyst estimates.
Turkey's Erdogan caps economy-driven Gulf tour in UAE
Turkey's President Recep Tayyip Erdogan ended a Gulf trip aimed at securing investments by signing agreements worth more than $50 billion in the United Arab Emirates, Emirati state media said Wednesday. In March, Turkey and the UAE signed a free trade agreement that aims to increase bilateral commerce to $40 billion annually within five years.
After dismal Q2, Goldman Sachs hopeful for rebound in merger activity
Goldman Sachs reported a dive in profits Wednesday on weak merger and acquisition activity, but shares rallied as executives said an improvement could be near. On Wednesday, Goldman executives referenced the residual effects of the spring US banking crisis as a drag on market sentiment, further denting merger and acquisition activity in the second quarter.
Putin to skip BRICS summit in S.Africa under arrest threat
Russian President Vladimir Putin will not attend a BRICS nations summit in South Africa next month, the country's presidency said on Wednesday, ending months of speculation he could be detained. "By mutual agreement, President Vladimir Putin of the Russian Federation will not attend the summit," Vincent Magwenya, a spokesman for President Cyril Ramaphosa, said in a statement.
Goldman Sachs reports 62% drop in Q2 profits on low merger activity
Goldman Sachs reported a steep drop in second-quarter profits Wednesday as it continued to struggle with an anemic merger and acquisition market and weakness in trading. Shares of Goldman dipped 0.1 percent to $336.95 in pre-market trading. jmb/st
EU digital chief urges TikTok to quickly adopt new rules
The European commissioner overseeing the digital market on Wednesday urged Chinese video-sharing platform TikTok to accelerate its adoption of new EU standards. On Monday, TikTok conducted a "stress test" on its systems at it European headquarters in Dublin, to find out if it could adapt to comply with the EU Digital Services Act.
Steep drop puts S.Africa inflation back within target range
South African inflation dropped to the lowest level in 20 months in June, slipping back within the central bank's target range, official data showed Wednesday. "The rate in June is the lowest reading in 20 months," it said.
AFP
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