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Strikes hit Lufthansa profits, Olympics dent Air France
Strikes hit Lufthansa profits, Olympics dent Air France
by  AFP

German airline giant Lufthansa said Thursday its 2024 profits dived during a turbulent year marked by strikes, rising costs and delays in aircraft deliveries, but vowed a turnaround plan will boost earnings this year. It also pointed to problems caused by "significantly higher costs, especially in Germany" as well as "further delays in aircraft deliveries".

Lufthansa 2024 profits dive amid strikes, rising costs
Lufthansa 2024 profits dive amid strikes, rising costs
by  AFP

German airline giant Lufthansa said Thursday its 2024 profits dived during a turbulent year marked by strikes, rising costs and delayed aircraft deliveries, as a post-pandemic rebound petered out. It also pointed to problems caused by "significantly higher costs, especially in Germany" as well as "further delays in aircraft deliveries".

Asian markets rise on Trump auto tariff reprieve
Asian markets rise on Trump auto tariff reprieve
by  AFP

Asian markets climbed on Thursday after US President Donald Trump announced a one-month tariff delay on auto imports from Mexico and Canada. Wednesday's tariff delay buoyed global markets and lifted the auto sector, with stocks in Hong Kong, Tokyo and Seoul also climbing Thursday morning.

Debate over rates pause mounts as ECB set to cut again
Debate over rates pause mounts as ECB set to cut again
by  AFP

Massive German spending pledges and uncertainty caused by US trade policy are fuelling expectations the European Central Bank could on Thursday signal that a pause in interest rate cuts is in sight, analysts said.

Trump to welcome crypto elite at White House
Trump to welcome crypto elite at White House
by  AFP

US President Donald Trump, who has multiple ties to the crypto industry, will host the sector's top players at a White House summit on Friday, as the field enjoys renewed momentum following his election. Friday's summit "marks a pivotal moment for the digital asset industry," according to Elitsa Taskova of Nexo, a cryptocurrency financial services platform.