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19848 articles published since 08 Mar 2022

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German union calls new two-day rail strike
German union calls new two-day rail strike
Business and Economy

Transport union EVG on Thursday called a new round of strikes on Germany's rail network as workers demand higher wages to cope with inflation, an industrial action slammed as "insane" by train operator Deutsche Bahn. - Inflation worries - EVG represents 230,000 workers across some 50 transport companies, including Deutsche Bahn.

Zambia's president defends 'economic diplomacy' to escape debt
Zambia's president defends 'economic diplomacy' to escape debt
Business and Economy

Zambian President Hakainde Hichilema said his copper-rich country needs to forge diverse economic partnerships worldwide to extract itself from a debt burden he described as a "python around our necks." The debt is "like a python around our necks, ribs and legs," Hichilema said in an interview with Agence France-Presse in Paris after meeting President Emmanuel Macron for talks on Wednesday.

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

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

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.

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