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'Full recovery': Emirates Group unveils record $3bn profit
'Full recovery': Emirates Group unveils record $3bn profit
Business and Economy
by  AFP

Emirates Group announced a record $3 billion annual profit on Thursday, hailing a "full recovery" for the Dubai-based carrier after last year's losses due to the pandemic. "We're proud of our 2022-23 performance which is not only a full recovery but also a record result," Emirates chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum said in a statement.

SoftBank Group logs $7.2 billion full-year loss on tech woes
SoftBank Group logs $7.2 billion full-year loss on tech woes
Business and Economy
by  AFP

SoftBank Group reported an annual net loss of over $7.2 billion on Thursday after a bruising year for the tech startup sector in which it is heavily invested. The company said its annual net loss came to 970 billion yen ($7.2 billion) on sales of 6.57 trillion yen, reflecting in part major losses from its Vision Fund portfolios.