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19879 articles published since 08 Mar 2022

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Petrobras posts record profits for 2022
Petrobras posts record profits for 2022
Business and Economy

Brazil's state oil company Petrobras has reported record profits of 188 billion reais (about $36 billion) in 2022, due mainly to the global rise in fuel prices. In the fourth quarter of 2022, Petrobras posted net profit of 43.3 billion reais, down six percent from the previous quarter.

More interest rate hikes may be needed, says ECB's Lagarde
More interest rate hikes may be needed, says ECB's Lagarde
Business and Economy

More interest rate increases may be needed beyond the one coming later this month, European Central Bank president Christine Lagarde said Thursday, as inflation in the eurozone remains stubbornly high. The eurozone's annual inflation rate stood at 8.5 percent in February, the EU's statistics agency Eurostat said Thursday, down from 8.6 percent in January.

Chips industry goes all-in on AI
Chips industry goes all-in on AI
Business and Economy

It's been a wild few years for the microchip industry, recovering from a long-term supply squeeze only to be thrust into the centre of a US-China battle to control supply lines of the valuable technology. But an industry long associated with volatility is quietly getting excited that artificial intelligence (AI) could be the key to some longer-term stability.

Lufthansa keeps CEO Spohr on for another five years
Lufthansa keeps CEO Spohr on for another five years
Business and Economy

Lufthansa CEO Carsten Spohr, who steered the airline back from the brink of bankruptcy during the pandemic, will see his contract extended by another five years, the group said Thursday. Lufthansa's supervisory board on Thursday also agreed to extend the contract of chief financial officer Remco Steenbergen by another five years. jpl-mfp/hmn/kjm

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