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Lufthansa returns to annual profit after Covid losses
Lufthansa returns to annual profit after Covid losses
by  AFP

German airline giant Lufthansa said Friday it returned to annual profit in 2022 after two years of losses, its fortunes lifted by rebounding demand as economies reopened after Covid shutdowns. When the coronavirus brought global air travel to a halt, Lufthansa suffered massive losses and had to be bailed out by the German government in 2020.

China to unveil lowest growth goal in years: analysts
China to unveil lowest growth goal in years: analysts
by  AFP

China will likely set one of the country's lowest growth goals in decades at the annual National People's Congress next week, experts told AFP, hit by long-running property woes, a sluggish global economy and geopolitical tensions. And economists surveyed by AFP predicted goals for 2023 will be conservative, expecting policymakers to aim for 5.3 percent, one of the lowest targets in decades.

Asian markets rise with Wall St on lower rate hopes
Asian markets rise with Wall St on lower rate hopes
by  AFP

Asian markets on Friday tracked a Wall Street rally after a top Federal Reserve official said he would back a small interest-rate hike at its next meeting but hinted at a possible summer pause to see how tighter policy has impacted inflation. That would allow the bank to pause its tightening in the summer.

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