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Lufthansa issues profit warning, launches 'turnaround'
Lufthansa issues profit warning, launches 'turnaround'
Business and Economy
by  AFP

German airline giant Lufthansa slashed its 2024 profit forecast Friday after a weak second quarter and launched a "turnaround" plan for its flagship carrier, which it warned might not break even. Flagship carrier Lufthansa saw its profits fall particularly sharply due to poor market conditions, inefficient flight operations and delayed aircraft delivery, the statement said.

Saudi Arabia to host first Esports Olympics in 2025
Saudi Arabia to host first Esports Olympics in 2025
Technology
by  AFP

Saudi Arabia will host the inaugural Esports Olympics in 2025 the International Olympic Committee said on Friday. "The International Olympic Committee (IOC) today announced that it has partnered with the National Olympic Committee (NOC) of Saudi Arabia to host the inaugural Olympic Esports Games 2025 in the Kingdom of Saudi Arabia," the body said.