AFP
13875 articles published since 08 Mar 2022
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Eurozone GDP grows 0.1% in first three months of 2023
The eurozone economy lumbered forward in the first quarter, official data showed Friday, expanding just 0.1 percent over the previous quarter as high inflation and interest rates weigh on activity.
Top-end models drive Mercedes profit growth
Mercedes-Benz said Friday its net profits rose by 12 percent in the first quarter to 4.0 billion euros, buoyed by demand for its vans and priciest premium cars.
Bank of Japan to review, but maintain, easing measures
The Bank of Japan announced a review of its longstanding monetary easing measures on Friday, but said it would maintain them for the time being in the first policy decision under new governor Kazuo Ueda.
Asian stocks rise after big gains on Wall Street
Asian stocks were up on Friday, tracking big gains on Wall Street fuelled by strong tech earnings and mixed, but manageable, macroeconomic data. Hong Kong was up nearly one percent in early trade Friday on the back of solid gains by Chinese tech giant Tencent and strong performances by commerce and industry stocks.
Australia closes oldest coal plant, pivots to renewables
Australia's oldest coal-fired power plant will shut down Friday as the country, a once-notorious climate straggler, prepares for a seismic shift towards renewable energy. Besides being inefficient, highly polluting and expensive to repair, the continued widespread use of coal-fired power plants would make Australia's climate targets almost impossible to meet.
Amazon cloud and ad revenue grows as shoppers remain cautious
Online retail titan Amazon on Thursday reported that its cloud and ads units helped it beat earnings expectations in the first quarter of this year despite shoppers and businesses being more careful about spending.
Defiant Trump warns of 'anarchy' if US reelects Biden
Donald Trump vowed Thursday to "crush" Joe Biden in the 2024 election, warning in his first campaign stop since his successor entered the 2024 race that the United States will descend into "anarchy" if the Republican billionaire isn't returned to office.
Intel, Samsung hammered as chips demand plummets
The crucial semiconductor industry, that powers everything from personal computers, smartphones to fighter jets, suffered a dismal first quarter as demand plummeted for chips.
Amazon shares surge as earnings beat expectations
Shares in Amazon leapt on Thursday after the online retail colossus reported it made a lot more money than expected in the first quarter of 2023. Amazon reported a profit of $3.2 billion on sales that climbed 9 percent to $127.4 billion in the quarter.
AFP
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