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Budget airline Ryanair has reported a significant 34% increase in full-year profits, reaching €1.92 billion, driven by a 21% hike in average fares. This surge comes despite rising fuel costs and delays in the delivery of new Boeing planes, which ...

China's ongoing property crisis, which began in 2021, has prompted significant interventions by Chinese authorities to stabilize the sector and mitigate its impacts on the world's second-largest economy. The People's Bank of China (PBOC) announced a $41.5 billion facility to support ...

This year, the S&P 500’s utility sector has gained 14%, making it the third-best-performing category, surpassed only by information technology and communication services. This marks a notable turnaround from last year's decline, during which utility stocks fell by over 10%, ...

Copper prices are approaching record highs as demand driven by renewable energy, electric vehicles, and artificial intelligence continues to grow. Year-to-date, copper prices have surged by 29%, with futures reaching $5 per pound as of May 15, the highest level ...

In the first quarter, the Chinese tech giant Tencent exceeded analyst expectations for both revenue and profit. This was driven by modest gains in its core gaming sector and enhanced profitability in its advertising and business services divisions.The company, known ...

In further evidence of the rush to take part in the AI revolution, SoftBank Group's subsidiary, Arm, is ready to enter the artificial intelligence chip market by 2025, targeting a sector experiencing explosive growth. The British chip designer, predominantly owned by ...

Once a symbol of aviation excellence, Air India saw its reputation tarnished after years of operational losses and subpar service. Now, the airline is going through a positive transformation under the Tata Group's leadership, which resumed control in October 2021. The ...

The Bank of England (BOE) is cautiously preparing for a summer interest rate cut, anticipated as early as June, though more likely by August or September, as signs point towards an easing inflationary trend. Currently, interest rates stand at 5.25%, a ...

Since assuming office five months ago, Argentina's President Javier Milei, a right-wing economist with a TV pundit background, has implemented severe austerity measures to reverse the country's financial decline marked by excessive government spending and debt accumulation. Despite Milei's claims that ...

UBS, the Swiss banking giant, has announced a significant quarterly profit in the first quarter of 2024. This is the first profit UBS has recorded since acquiring the struggling Credit Suisse last year. The bank's net profit in Q1 2024 was ...

European Union (EU) leaders, including Commission President Ursula von der Leyen, advocate for fairer trade relations with China, emphasizing the need to address current market access imbalances. During a significant meeting in Paris with Chinese President Xi Jinping, which also involved ...

Spain's Deoleo, the largest producer of olive oil globally, and the owner of renowned brands like Bertolli and Carbonell, is facing a complex operating landscape shaped by climate change, rising prices, higher interest rates, and robust inflation which are affecting ...

Novo Nordisk, the European pharmaceutical heavyweight, exceeded Q1 profit forecasts due to high demand for weight loss drugs like Wegovy.The Danish company reported a net profit increase of 28% from last year, reaching 25.4 billion Danish kroner ($3.65 billion), which ...

In a move to support civil servants amidst economic fluctuations, Malaysian Prime Minister Anwar Ibrahim has introduced a substantial pay raise of over 13%, a historical high, which will be effective from December. This announcement comes as Malaysia faces several economic ...

Samsung Electronics reported a ten-fold surge in its Q1 operating profit, driven by robust demand for AI technologies and a tightening supply of high-end memory chips.This upswing in profits increased Samsung's shares by 1.8% following the announcement. The South Korean ...