AFP
20199 articles published since 08 Mar 2022
- All (20199)
- Economy (8420)
- Business and Economy (5267)
- World (4601)
- Africa (974)
- Technology (924)
- US (8)
- Asia (4)
- Nigeria (1)
Author's articles
US extends hiring cooldown while unemployment highest since 2021
The US jobs market cooled much more than expected in July with the unemployment rate reaching its highest since late 2021, government data showed Friday, paving the way towards post-pandemic interest rate cuts. The jobless rate rose to 4.3 percent, the highest level since October 2021, according to government data.
ExxonMobil profits up after Pioneer deal, Chevron earnings dip
US oil and gas giant ExxonMobil reported higher profits Friday as it pointed to the benefits of its acquisition of Pioneer Natural Resources, while earnings at rival Chevron dipped on lower refining results. ExxonMobil rode the contribution from Pioneer, a big player in the Permian Basin in Texas and New Mexico, to record oil and gas output during the quarter.
ExxonMobil profits up on higher output after Pioneer deal
US oil and gas giant ExxonMobil reported higher profits Friday on record oil and gas production following the acquisition of Pioneer Natural Resources, offsetting sharply lower downstream earnings. "We achieved record quarterly production from our low-cost-of-supply Permian and Guyana assets, with the highest oil production since the Exxon and Mobil merger."
Nintendo first-quarter net profit sinks as Switch sales slow
Nintendo said Friday that first-quarter net profit more than halved as sales for the seven-year-old Switch slowed down and fans keenly awaited news on the hit console's successor. Players and investors are hungry for news about a Switch successor, and Nintendo has said an announcement will come by the end of March 2025.
Turkey blocks access to Instagram
Turkey on Friday blocked access to the Instagram social media network, the national communications authority said without explanation, following censorship accusations against the US company by a high-ranking Turkish official. This is not the first time that Turkish authorities have blocked access to social media sites.
Tokyo tanks as Asian markets track Wall St down on recession fears
Tokyo led losses across Asia on Friday due to a stronger yen and expectations for more Japanese rate hikes, while disappointing data sparked a plunge on Wall Street and fuelled fresh fears of a US recession. And Asia fared just as poorly, with Tokyo the standout.
Slow down to save the planet, says Japan's rock star philosopher Saito
As Tokyo's millions put in another day's work on the coalface of capitalism, celebrity Marxist philosopher Kohei Saito and his friends are clearing rocks from a muddy mountain stream. The associate professor at the University of Tokyo has sold half a million copies of his latest book and last month spoke at music festival Fuji Rock, headlined by The Killers.
Snapchat gains users but continues to lose money
Snap shares plunged more than 16 percent on Thursday when a disappointing financial outlook eclipsed a rise in users of the image-centric social network Snapchat. Snap shares were down more than 16 percent to $10.73 in after-market trades.
Intel says it will slash workforce to cut costs
US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations. In June, Intel announced it was halting the expansion of a major factory project in Israel, which was going to pump an extra $15 billion towards a chip plant.
AFP
Load more