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P&G eyes overall sales growth despite China weakness
Procter & Gamble projected revenue growth over the next 12 months as the consumer products giant reported mixed results Tuesday, with solid US and European sales offset by continued weakness in China. The consumer products heavyweight is projecting fiscal 2025 sales growth of between two and four percent.
Airbus first-half net profit halved to 825 mn euros
Airbus said Tuesday that its net profit in the first half year fell 46 percent to 825 million euros ($890 million), dragged down by a massive writedown in its space operations. On Tuesday it said the charge for the space business was in fact 989 million.
Carbon credits 'ineffective', says corporate climate watchdog
The world's top judge of corporate climate action on Tuesday described carbon credits as "ineffective" at addressing global warming and a risk for companies trying to reach net zero targets. On Tuesday, it said the evidence "suggests that various types of carbon credits are ineffective" and that using such offsets poses "clear risks" for companies.
French DJ star of Olympics show reports cyberbullying
A French DJ and lesbian activist has filed a complaint with prosecutors over cyberbullying and death threats linked to her performance during the Olympics opening ceremony, her lawyer and a source close to the case said Tuesday. The source close to the case confirmed this.
German economy unexpectedly shrinks in second quarter
The German economy unexpectedly shrank in the second quarter, preliminary data showed Tuesday, falling further behind as a recovery takes hold elsewhere across the eurozone. The comparison with other eurozone heavyweights was stark on Tuesday, with the French economy rising by a more-than-expected 0.3 percent in the second quarter.
Musk's superhuman vision promise is dangerous: researchers
Researchers have criticised billionaire Elon Musk for promising that his brain implant technology could eventually provide patients with vision superior to normal human sight. "So, when Elon Musk says things like 'this is going to better than human vision', that is a dangerous thing to say." jxb/lth
Spain watchdog fines Booking.com 413 mn euros
Spain's competition watchdog said Tuesday it had slapped online travel agency Booking.com with a record 413-million-euro fine for "abusing its dominant position" during the past five years. Hungary's competition watchdog earlier this month slapped Booking.com with a second fine for failing to cease its "unfair" business practices, including putting psychological pressure on customers.
Oil giant BP reports tumbling profits in first half
BP on Tuesday announced tumbling profits for the first half, with the British oil and gas giant hit by depreciation of assets and falling revenue. Environmentalists hit out over BP's latest announcements.
Chinese leaders pledge further support for flagging economy
President Xi Jinping and other Chinese leaders stressed the need for further reform to support economic activity and the country's ailing property sector, state media reported Tuesday, following a key meeting centred on boosting growth.
AFP
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