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ANA, JAL see profits soar on travel recovery
Japan's leading air carriers ANA Holdings and Japan Airlines posted net profits for the nine months to December, turning around losses as domestic and international travel resume, the companies said Thursday.
Sony hikes net profit forecast as weak yen boosts gaming
Sony upgraded its annual net profit forecast on Thursday, saying it expects strong results in its key gaming sector as the weak yen inflates profits on products sold abroad. In the 2022-23 financial year, Sony Group now expects net profits of 870 billion yen, up from the previous estimate of 840 billion yen.
India's Adani shares plunge again after stock sale cancelled
Under-fire Indian tycoon Gautam Adani insisted Thursday that the fundamentals of his conglomerate were "strong" even as shares in its companies plunged again after the group cancelled a multi-billion-dollar stock sale. Adani himself issued a video statement on Thursday in which he insisted that the "fundamentals of our company are very strong, our balance sheet is healthy and assets robust".
Despite improving outlook, ECB to hike rates again
The European Central Bank is set to hike interest rates again Thursday as it pursues its inflation fight, despite tentative signs the eurozone has weathered shocks from the Ukraine war better than feared. Others, such as Joachim Nagel, the head of Germany's Bundesbank central bank, have backed further hikes going forward.
Asian markets rally with Wall St on softer Fed tone
Most Asian markets rose Thursday and the dollar weakened further on hopes the Federal Reserve's campaign of interest rate hikes could be close to an end after it acknowledged progress in its long-running battle against inflation. Oil prices rose in Asian trade, helped by the weaker dollar, easing concerns about the economic outlook in light of the Fed remarks and hopes for China's recovery.
Australia to oust monarch from banknotes
Australia will erase the British-based monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture, the central bank said Thursday. A British-based monarch has featured on Australian banknotes since 1923, and was on all paper bills until 1953, the year of Elizabeth II's coronation.
Who are the best new artists? Check TikTok
After several years of Grammy ceremonies with clear frontrunners for Best New Artist, Sunday's race is wide open -- but no matter who wins, many of the nominees have TikTok to thank.
Seeing is believing? Global scramble to tackle deepfakes
Chatbots spouting falsehoods, face-swapping apps crafting porn videos and cloned voices defrauding companies of millions -- the scramble is on to rein in AI deepfakes that have become a misinformation super spreader.
Australia to remove monarch from banknotes
Australia announced Thursday it will erase the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture. The Reserve Bank of Australia said it would consult with Indigenous people on a new design that "honours the culture and history of the First Australians".
AFP
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