Latest

UK bank NatWest posts bumper profits but shares tank
UK bank NatWest posts bumper profits but shares tank
Business and Economy
by  AFP

British bank NatWest on Friday posted a jump in annual profits as it trimmed costs and the sector benefitted from rising interest rates. There is also a fear that the sector could face a surge in bad loans with Britain facing a cost-of-living crisis as UK annual inflation remains above 10 percent despite recent easing.

Ukraine fallout pushes French nuclear giant EDF into historic loss
Ukraine fallout pushes French nuclear giant EDF into historic loss
Business and Economy
by  AFP

EDF reported one of the biggest losses in French corporate history Friday, as fallout from the Ukraine war and idling nuclear reactors spelt financial disaster for the state-controlled energy giant. In the past two decades, only former entertainment behemoth Vivendi Universal and communications giant France Telecom have reported bigger annual losses in France.