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Microsoft quarterly profits soar on AI and cloud growth
Microsoft quarterly profits soar on AI and cloud growth
by  AFP

Technology giant Microsoft on Wednesday said its profit soared above expectations in the recently ended quarter, driven by its cloud computing and artificial intelligence (AI) units. Microsoft was one of the first tech giants to double down on artificial intelligence when the launch of ChatGPT in 2022 rocked the tech industry.

Airbus first-half profit climbs 85% to $1.7 bn
Airbus first-half profit climbs 85% to $1.7 bn
by  AFP

European aerospace group Airbus posted an 85-percent rise in first-half profit Wednesday to $1.7 billion, even though it delivered fewer commercial planes compared with the same period last year. The jump in profits to 1.5 billion euros came a year after Airbus reported a 46-percent slump in earnings for the first half of 2024.

Trump punishes Brazil with tariffs, sanctions over trial of ally Bolsonaro
Trump punishes Brazil with tariffs, sanctions over trial of ally Bolsonaro
by  AFP

President Donald Trump ordered massive tariffs on Brazil Wednesday and sanctions against the judge overseeing a trial of his far-right ally Jair Bolsonaro, who is accused of attempting a coup in Latin America's biggest economy. Bolsonaro is on trial for allegedly plotting a coup to stay in power after losing the 2022 election to leftist Lula.

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