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US to help Australia boost missile manufacturing
Washington will seek to bolster its shrinking weapons stockpiles by helping Australia develop a missile manufacturing and exporting industry, top officials said Saturday after high-level talks between the two countries.
P&G shares jump as it forecasts profit growth
Procter & Gamble reported another quarter of solid profit growth behind price hikes on Friday as shares rallied on an earnings forecast that topped analyst expectations. P&G expects 2024 profits growth of between six and nine percent, with a midpoint of $6.34 per share, well above analyst expectations.
Kenzo presents first fashion show in China
Against Shanghai's glittering river skyline, Kenzo-clad models strutted down a breezy open-air runway on Friday for the French fashion brand's first-ever show in China.
US oil giants report lower profits but lift shareholder payouts
ExxonMobil and Chevron reported profits Friday that were much lower than last year's due a drop in commodity prices, but still lofty enough to enable increased shareholder distributions. ExxonMobil reported profits of $7.9 billion, down 56 percent on a 28 percent drop in revenues to $82.9 billion.
Key US inflation gauge cools further as rate hikes bite
A key indicator of US inflation cooled in June to the lowest annual rate in over two years, although this remains above the central bank's target, according to government data released Friday. In June, prices for goods were seen slipping even as the costs of services picked up from a year ago, said the Commerce Department on Friday.
Air France-KLM doubles profits despite inflation
Air France-KLM announced Friday it doubled its net profit in the second quarter, benefiting from high demand in air travel despite rising inflation which has increased costs. Ticket prices have soared since the pandemic, driven by rising fuel costs, increased demand and capacity constraints.
Stagnant German growth clouds eurozone economy
Flatlining German growth figures on Friday contrasted with positive performances in France and Spain, adding to worries that the traditional manufacturing powerhouse could become a drag on the eurozone economy. The disappointing result put Germany behind eurozone peers France and Spain, which both reported positive figures in the second quarter.
Crisis-hit NatWest bank launches review into Farage case
British bank NatWest on Friday said it had launched an independent review into its handling of arch-Brexiteer Nigel Farage, whose account it controversially shut, costing the jobs of top executives. Davies added in a media call that the group had appointed UK law firm Travers Smith to lead the review into the bank's handling of Farage.
Germany's pivotal chemicals industry gripped by crisis
Thomas Kadowsky imagined that he would keep working at the German industrial coatings plant where he had served as team leader for over 30 years until he retired. "I was completely stunned," Kadowsky, 58, told AFP. Kadowsky and 130 other people will lose their jobs with the closure of the plant next year.
AFP
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