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Lufthansa reports loss, cuts outlook after strikes
Lufthansa reports loss, cuts outlook after strikes
Economy
by  AFP

German airline giant Lufthansa reported a hefty first-quarter loss Monday and downgraded its 2024 outlook due to recent strikes, while warning of risks from conflict in the Middle East. Lufthansa also warned that the "recent escalation of the Middle East conflict and further geopolitical uncertainties pose risks to the group's full year financial outlook".

Hong Kong conditionally approves first bitcoin and ether ETFs
Hong Kong conditionally approves first bitcoin and ether ETFs
Economy
by  AFP

Hong Kong's securities regulator on Monday granted conditional approval to start the city's first spot-bitcoin and ether exchange-traded funds (ETFs), firms involved said, positioning it as a leader in Asia for the use of cryptocurrencies as investment tools. The company is "actively deploying resources in the development of spot Bitcoin ETF and spot Ethereum ETF", it said.