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Lufthansa reports dip in profits in third quarter
Lufthansa reports dip in profits in third quarter
Economy
by  AFP

German airline group Lufthansa on Tuesday reported an eight percent drop in profits in July to September compared with the same period last year, blaming increased operating and staff costs. Some 40 million passengers travelled with the airline in July to September, an increase of six percent compared with 2023.

Santander defies interest rate cuts to post higher profit
Santander defies interest rate cuts to post higher profit
Economy
by  AFP

Spanish banking giant Santander defied falling interest rates in Europe to post a higher net profit in the third quarter through a strong commercial performance, in results published on Tuesday. Santander's latest positive results came after the European Central Bank this month cut interest rates for the second consecutive meeting running as inflation falls.