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Airbus posts 11 percent profit drop for 2023
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.
UK economy slides into recession ahead of election
Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.
EU cuts eurozone inflation, growth forecasts for 2024
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.
Japan's humble 'onigiri' rice balls get image upgrade
Wrapped in seaweed and stuffed with delicious fillings, "onigiri" rice balls are shaking off their reputation as a cheap and uninspiring snack in Japan -- and enticing hungry converts abroad. Kawarada wants to open dozens of onigiri restaurants abroad and thinks the snack could one day dethrone sushi as Japan's best-known culinary export.
Asian markets mostly up, tracking Wall Street gains
Most Asian markets rose Thursday, tracking a rebound in Europe and New York and following positive remarks from a senior Federal Reserve official that inflation was headed in the right direction. In Tokyo, official data released Thursday showed Germany overtook Japan last year as the world's third-biggest economy, primarily because of a sharp fall in the yen.
Germany overtakes Japan as third-biggest economy
Once forecast to become the world's biggest economy, Japan slipped below Germany last year to fourth place, official data showed Thursday, although India is projected to leapfrog both later this decade. - Soul-searching - During its boom years of the 1970s and '80s some projected that Japan would become the world's biggest economy.
What is behind the US economy's surprising strength?
The US has seen GDP growth blow past predictions, hiring numbers surge unexpectedly and consumers still spending even as interest rates climbed -- deftly averting a dreaded recession in 2023. - 'Value of talent' - Low unemployment, wage growth and hiring have underpinned consumers' willingness to spend.
Ubisoft launches long-awaited 'Skull and Bones' video game
After years of production headwinds, Ubisoft's oft-delayed pirate video game "Skull and Bones" is set to launch on Friday. Seven years after the first images of the game were released in 2017, "Skull and Bones" is ready.
Senior US Fed official backs 'careful' approach to rate cuts
The US Federal Reserve should be careful about the timing of interest rate cuts, a senior bank official said Wednesday, adding to the cautious tone taken by central bank officials in recent months about moving too quickly. On Wednesday, the Fed's vice chair for supervision, Michael Barr, told a conference in Washington that policymakers were cautious about moving too soon.
AFP
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