AFP
13875 articles published since 08 Mar 2022
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Samsung quarterly profits plunge to 8 year low on demand slump
Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales. The fourth-quarter drop is the second consecutive margin squeeze for Samsung, which saw a 31 percent fall in operating profits in the third quarter year-on-year.
Boeing to deliver last 747, the plane that democratized flying
Boeing is set to officially bid farewell to the original jumbo jet, the 747, as it makes its final commercial delivery of an aircraft that democratized flying and serves US presidents.
Germany vows millions for Amazon as Scholz meets Lula in Brazil
Germany on Monday outlined more than $200 million in contributions for environmental projects in Brazil as Chancellor Olaf Scholz visited the South American giant reeling from Amazon destruction under ex-president Jair Bolsonaro.
France, Australia announce artillery deal for Ukraine
France and Australia announced a deal to jointly produce 155 mm artillery shells for Ukraine on Monday after a ministerial meeting in Paris that showcased efforts to relaunch ties between the Pacific allies.
EU crafts response to US green tech subsidies
The EU will present long-awaited proposals on Wednesday to counter sweeping US subsidies on green tech that threaten Europe's industry, already struggling with soaring energy prices and unfair competition from China. The EU has already committed to invest hundreds of billions of euros in green tech including solar panels, batteries and hydrogen.
Renault-Nissan: key moments in a rocky alliance
In the decades since Renault rescued Nissan from bankruptcy, their union has brought strength but also friction, heightened by the 2018 arrest of alliance head Carlos Ghosn. - 2018: Ghosn arrested - Ghosn is arrested in November 2018 on financial misconduct charges.
Ryanair rebounds into profit as bookings soar
Ireland's Ryanair flew back into profit in the final three months of 2022 as travellers flocked to budget airlines during Europe's cost-of-living crisis. "Ryanair has turned every crisis to its advantage over the last 20 years or so and this confirms the strength of the low cost business model."
Philips cuts 6,000 more jobs after sleep device recall
Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide after fresh losses caused by a massive recall of faulty sleep respirators. Philips announced a global recall in 2021 of its appliances to treat people suffering from sleep apnoea.
Renault to reduce stake in Nissan, rebalancing alliance
French automaker Renault will slash its stake in partner Nissan as part of a deal rebalancing the rocky alliance between the two companies, the Japanese firm said Monday. Renault will reduce its stake from 43.4 percent to 15 percent, the same size as Nissan's stake in its French counterpart, as part of a broad agreement reshaping relations between the firms, Nissan said in a statement.
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