Economy

Economy Latest News

Fighter jet deal at centre of Macron's Serbia trip
Fighter jet deal at centre of Macron's Serbia trip
by  AFP

Expectations are high that France and Serbia will sign a deal worth billions of euros to supply fighter jets to the Balkan country during a visit by President Emmanuel Macron to Belgrade this week.

Tech weighs down Asian markets after Nvidia results
Tech weighs down Asian markets after Nvidia results
by  AFP

A sell-off in tech firms dragged Asian markets down Thursday after investors were left disappointed by earnings from chip titan Nvidia that stoked concerns about the outlook for all things artificial intelligence. Investors had been keenly awaiting the release from California-based Nvidia, which has become a bellwether for the tech sector owing to its huge role in the development of AI chips.

Pessimism dogs eastern Germany despite economic gains
Pessimism dogs eastern Germany despite economic gains
by  AFP

With its shiny new housing estates, scores of building sites and bustling city centre, Jena represents the fresh face of the former East Germany. But the AfD scored only 15 percent of the vote in the city in June's European elections, well below the rest of eastern Germany.

California lawmakers pass AI safety bill
California lawmakers pass AI safety bill
by  AFP

A bill aimed at regulating powerful artificial intelligence models passed California's legislature on Wednesday, despite outcry that it could kill the technology it seeks to control.

Qantas profits descend as fares fall after Covid
Qantas profits descend as fares fall after Covid
by  AFP

Australian airline Qantas on Thursday reported a slide in net profit as post-Covid fares dropped, but said it was working to rebuild its reputation after a string of public scandals. Net profit fell 28 percent to Aus$1.25 billion ($US48 billion) for the financial year that ended June 30, the airline said.

Switzerland reopens door for new nuclear power plants
Switzerland reopens door for new nuclear power plants
by  AFP

Switzerland said Wednesday it was open to building new nuclear power stations in the long term, given new geopolitical uncertainties, climate targets and population growth boosting the demand for electricity. Rosti said new nuclear power was "not an option" in the short or even medium term.

Flights resume after outage paralyses Dutch airport, services
Flights resume after outage paralyses Dutch airport, services
by  AFP

The first flights left Eindhoven airport in the Netherlands late Wednesday after a computer outage grounded planes for hours and hit government services, with authorities saying it was pinning the cause. The outage also hit other public services in the Netherlands.