AFP
18583 articles published since 08 Mar 2022
- All (18583)
- Economy (6802)
- Business and Economy (5268)
- World (4603)
- Africa (977)
- Technology (931)
- Asia (2)
Author's articles
Cathay Pacific reports first half profit amid travel recovery
Hong Kong carrier Cathay Pacific on Wednesday swung to a healthy profit in the first half of the year thanks to a pick-up in travel, with the airline expecting passenger capacity to reach 70 percent of pre-pandemic levels by end of the year. He added that Cathay would hit its target of "70 percent pre-pandemic passenger flight capacity levels... by the end of 2023".
World's largest cruise ship to set sail as industry rebounds
With cruise bookings seeing a resurgence after the Covid pandemic caused luxury liners to mothball, a Finnish shipyard is putting the final touches on what will be the world's largest cruise ship.
Asian markets struggle after more weak China data
Asian markets wavered Wednesday after data showing the first drop in Chinese consumer prices compounded worries about the world's number two economy. The 0.3 percent drop in China's July consumer prices was the first since the start of 2021 and comes as slowing domestic spending weighs on the country's post-Covid recovery.
China slips into deflation as post-Covid recovery falters
China slipped into deflation as consumer prices contracted last month for the first time in more than two years, official data showed Wednesday, as slowing domestic spending weighs on the country's post-Covid economic recovery. Meanwhile, the producer price index fell again in July by 4.4 percent, marking the 10th consecutive month of contraction.
WeWork warns it might go out of business
Embattled office-sharing firm WeWork on Tuesday warned US regulators that it is worried about its survival. WeWork has lost billions of dollars during the first six months of this year, with macroeconomic conditions weakening demand for its shared office spaces, the company told regulators.
Australia's Commonwealth Bank posts record profit as rates rise
Australia's biggest lender Commonwealth Bank reported a record annual profit Wednesday as it raked in money from customers forced to pay higher interest rates. Net interest income rose 18 percent, said the bank, which is also Australia's biggest mortgage provider.
Everybody hurts: Los Angeles suffers as Hollywood strike hits 100 days
In his dry cleaning shop near the Warner Bros. and Disney studios, Tom Malian looks in despair at a carousel mostly empty of the shirts, jackets and pants it held before Hollywood went on strike. In her hair salon near the Warner Bros. studio, Roxanne Schreiber says she is also hoping for a compromise.
ESPN signs deal to create branded US gambling sportsbook
Sports broadcaster ESPN announced Tuesday it has signed a licensing deal with Penn Entertainment to create a branded sportsbook for US audiences that will launch later this year.
NASA may delay crewed lunar landing beyond Artemis 3 mission
NASA's Artemis 3 mission, set to return humans to the Moon in 2025, might not involve a crewed landing after all, an official said Tuesday. But it is during the Artemis 3 mission planned for December 2025 that NASA has planned its grand return to the Moon with humans for the first time since 1972, this time on the lunar south pole, where the ice can be harvested and turned into rocket fuel.
AFP
Load moreLatest
