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Airbus posts 11 percent profit drop for 2023
Airbus posts 11 percent profit drop for 2023
Economy
by  AFP

European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges for its space business cutting into earnings. Revenues at Airbus Defence and Space increased two percent, But profits at the space division fell 40 percent to 229 million euros because of a one-off 600 million charge.

EU cuts eurozone inflation, growth forecasts for 2024
EU cuts eurozone inflation, growth forecasts for 2024
Economy
by  AFP

The European Commission on Thursday cut both its growth and inflation forecasts for the eurozone in 2024, as it warned geopolitical tensions spelled rising uncertainty for the single-currency area's economy. "We are closely tracking geopolitical tensions, which could have a negative impact on growth and inflation," he said.