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Ryanair flies back into annual profit of 1.4 bn euros
Ryanair flies back into annual profit of 1.4 bn euros
Business and Economy
by  AFP

Irish no-frills airline Ryanair rebounded back into bumper annual net profits, boosted by a "strong" post-Covid recovery despite spiking costs, it announced Monday. EasyJet, which logged three annual losses in a row due to the pandemic, has predicted a rebound to annual profit as holidaymakers shrug off Britain's cost-of-living crisis.

Asian markets mixed ahead of US debt talks
Asian markets mixed ahead of US debt talks
Business and Economy
by  AFP

Asian markets were mixed Monday ahead of US debt talks between President Joe Biden and congressional leaders, with both sides still apart but also confident a deal can be reached to avert a catastrophic default. Asia fared a little better Monday, though markets fluctuated as investors awaited solid signs of a compromise out of Washington.

Sudan war hits crucial gum arabic business
Sudan war hits crucial gum arabic business
Business and Economy
by  AFP

Sudan's war has left farmers of gum arabic, a vital ingredient for global industry including fizzy drinks, bereft of local buyers but a trade group assures global stocks are -- for now -- sufficient. Industry players within Sudan or elsewhere could not, however, say how long global stocks can last.