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Author's articles
Qantas profits descend as fares fall after Covid
Australian airline Qantas on Thursday reported a slide in net profit as post-Covid fares dropped, but said it was working to rebuild its reputation after a string of public scandals. Net profit fell 28 percent to Aus$1.25 billion ($US48 billion) for the financial year that ended June 30, the airline said.
AI chip giant Nvidia beats expectations, but shares take hit
Artificial intelligence behemoth Nvidia on Wednesday said quarterly sales reached a higher than expected $30 billion in the last quarter, though that growth was slower than the furious pace seen in previous quarters.
Switzerland reopens door for new nuclear power plants
Switzerland said Wednesday it was open to building new nuclear power stations in the long term, given new geopolitical uncertainties, climate targets and population growth boosting the demand for electricity. Rosti said new nuclear power was "not an option" in the short or even medium term.
Flights resume after outage paralyses Dutch airport, services
The first flights left Eindhoven airport in the Netherlands late Wednesday after a computer outage grounded planes for hours and hit government services, with authorities saying it was pinning the cause. The outage also hit other public services in the Netherlands.
Buffett's Berkshire Hathaway hits $1 tn market value
Warren Buffett's Berkshire Hathaway holding company briefly crossed $1 trillion in market value Wednesday, making it the first non-tech firm on Wall Street to cross the milestone. On Wednesday, Berkshire Hathaway's market capitalization briefly crossed $1 trillion in early trading, putting it in an exclusive club alongside tech titans like Apple, Nvidia and Microsoft.
PetroSaudi execs get Swiss jail terms over $1.8 bn 1MDB fraud
PetroSaudi execs get Swiss jail terms over $1.8 bn 1MDB fraud
Telegram founder ordered to French court to face possible charges
Pavel Durov, the founder and chief of Telegram, was to appear in a French court Wednesday to face possible charges of failing to curb extremist and illegal content on the popular messaging app after his arrest at the weekend.
Serbia leader plans to seal French fighter jet deal with Macron
President Aleksandar Vucic told AFP on Wednesday that Serbia expects to sign a "huge" deal for French fighter jets during a visit this week from France's leader, an agreement estimated to be worth billions of dollars.
Chinese EV giant BYD posts 24.4% rise in profit
Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets.
AFP
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