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Huawei revenue down 2.2% in first three quarters of 2022
Revenue at Chinese telecom giant Huawei fell by 2.2 percent year on year in the first three quarters of 2022, company data showed Thursday, as Covid-19 and US sanctions dragged down sales.
Shell posts more bumper profits on high energy prices
British energy giant Shell on Thursday announced net profit totalling $6.7 billion in the third quarter, as oil and gas prices remain strong despite recent slides on easing supply fears.
Euro and pound hold gains, stocks mostly rise as rate fears ease
The euro, pound and yen all held their gains against the dollar Thursday and most equities rose as traders grow increasingly hopeful the Federal Reserve will slow its pace of interest rate hikes.
Transgender Thai media mogul buys Miss Universe pageant
A Thai media mogul and transgender rights campaigner has bought the firm that runs Miss Universe pageants for $20 million, according to a company announcement.
Lufthansa says 'left pandemic behind', books healthy profit
German airline giant Lufthansa said Thursday it had "left the pandemic behind" as it reported a robust third-quarter net profit, and predicted strong demand in the months ahead.
Credit Suisse launches radical overhaul to stabilise bank
Credit Suisse announced a radical series of measures Thursday aimed at turning around the beleaguered bank following huge third quarter losses, including revamping its investment banking unit, 9,000 job layoffs and raising fresh capital.
Hong Kong finance chief contracts Covid ahead of banking summit
Hong Kong's finance chief could have to miss an upcoming global banking summit in the city, after his office revealed Thursday he had tested positive for the coronavirus.
Lufthansa reports healthy profit, extending recovery
German airline giant Lufthansa on Thursday reported a net profit of 809 million euros ($814 million) in the third quarter, as the group extends a strong recovery from the pandemic.
IEA sees global emissions peaking in 2025
The International Energy Agency said Wednesday it believes global emissions will peak in 2025 as surging energy prices due the Russian invasion of Ukraine propel investment in renewables.
Kanye West 'escorted' out of Skechers offices
Kanye West was "escorted" by two executives out of the Skechers corporate offices after the rapper showed up uninvited, the shoe company said in a statement Wednesday.
High-profile Australian rape case abruptly ends in mistrial
A high-profile rape case that ignited nationwide protests across Australia abruptly ended Thursday in a mistrial, the latest twist in a courtroom saga involving some of the country's most senior politicians.
Samsung Electronics says Q3 operating profit down 31% on-year
South Korean tech giant Samsung Electronics on Thursday said its third-quarter operating profits were down 31.39 percent year-on-year after a global economic downturn hit demand for consumer electronics.
Credit Suisse chief unveils master plan to fix bank's woes
New Credit Suisse chief executive Ulrich Koerner is set to unveil his strategic master plan on Thursday, aimed at turning around the beleaguered bank following a string of scandals.
Ford reports loss as it ends VW-backed autonomous driving venture
Ford announced Wednesday it is ending an autonomous driving program with Volkswagen, resulting in quarterly loss, as the auto giants retreat from a joint venture that had sought to revolutionize transport.
Brazil's central bank holds 13.75% interest rate amid 'high' inflation
Brazil's central bank held its benchmark interest rate at 13.75% on Wednesday, remarking that inflation "remains high" despite receding for three months in a row, just four days before a presidential election.
12 women foreign ministers condemn Iran's crackdown
Women foreign ministers from a dozen nations led by Canada's Melanie Joly on Wednesday jointly condemned Iran's violent crackdown on women's rights, as protesters in the Islamic republic marked 40 days of unrest.
S.Africa to swallow part of Eskom's debt to keep it afloat
South Africa's treasury vowed Wednesday to take over more than half of Eskom's multi-billion-dollar debt to ensure the embattled energy utility's viability and curb the energy crisis that has put a break on growth.
Seeing no China progress, Boeing eyes other prospective MAX buyers
Boeing said Wednesday it is seeking other potential customers for its 737 MAX because China is still not taking delivery of the jetliners it has ordered.
Macron, Scholz tackle tensions in 'constructive' meeting
French President Emmanuel Macron hosted German Chancellor Olaf Scholz for lunch Wednesday, with both sides saying they made progress towards easing differences on energy and defence dogging the European Union's vital double act.
Boeing reports huge loss on defense contract woes
Aerospace giant Boeing reported a surprise $3.3 billion third-quarter loss Wednesday as it struggled with swelling costs on several defense programs, including the US presidential jet Air Force One.
US new home sales fall in September on rising mortgage rates
New home sales in the US dipped in September, official data showed Wednesday, as worsening affordability nudges ownership further out of reach for many.
Would-be crypto investors in Singapore could face risk awareness tests
People looking to trade cryptocurrency in Singapore may soon have to take a test to prove they understand what they are getting into, the central bank said Wednesday, as it looks to prevent clueless investors from bankrupting themselves.
Boeing reports $3.3 bn loss due to rising defense program costs
Boeing reported a surprise $3.3 billion third-quarter loss Wednesday because of swelling costs on several defense programs due in part to supply chain expenses.
Iran security forces open fire as thousands mourn Mahsa Amini
Iranian security forces opened fire on protesters who massed in their thousands on Wednesday in Mahsa Amini's hometown to mark 40 days since her death, a human rights group said.
Macron, Scholz meet in bid to defuse Paris-Berlin tensions
French President Emmanuel Macron hosted German Chancellor Olaf Scholz for lunch Wednesday, with the leaders hoping to pare back differences on energy and defence and revitalise the European Union's key double act.
Would-be crypto investors in Singapore could face risk tests
People looking to trade cryptocurrency in Singapore may soon have to take a test to prove they understand what they are getting into, the central bank said Wednesday, as it looks to prevent clueless investors from bankrupting themselves.
Asian markets rise with Wall St on rate hope, healthy earnings
Asian stocks rose Wednesday to build on another strong performance in New York following more healthy earnings from big-name firms while hopes for a slowdown in Federal Reserve rate hikes spread cheer.
Deutsche Bank net profit soars five-fold in Q3
Germany's biggest lender Deutsche Bank on Wednesday said its third-quarter net profit had risen more than five-fold year-on-year, far better than expected, as a restructuring programme bears fruit.
Santander's net profit climbs to 2.4 bn euros in Q3
Spanish banking giant Banco Santander on Wednesday announced an 11-percent increase in net profits year-on-year in the third quarter.
China fiscal deficit balloons to nearly $1 trillion as economy cools
China's fiscal deficit ballooned to an all-time high of nearly $1 trillion in the first nine months of the year, analysis of government data by Bloomberg showed, as a real estate crisis and tax rebates to boost a cooling economy emptied government coffers.
Israel's cost of living crisis becomes election issue
With her tattooed arms bare and her head uncovered, Talia looks somewhat out of place shopping at a Jerusalem discount supermarket that caters to modestly dressed ultra-Orthodox Jews.
Gender: X - Proud owner of Chile's first non-binary ID card
Shane Cienfuegos, the first non-binary person to receive a gender-neutral identity document in Chile, says they feel a "great weight" of responsibility despite their victory over centuries of discrimination.
Force firms to reveal their impact on nature: major businesses
Businesses must be compelled to reveal their impact on nature, more than 300 firms said in an open letter to world leaders published on Wednesday ahead of crunch United Nations negotiations to halt catastrophic biodiversity loss.
Google parent Alphabet's profits fall short at $14 bn
Google parent Alphabet on Tuesday reported quarterly earnings that fell short of market expectations as belts tightened in the digital ad market that drives its revenue.
US stocks rise again as pound rallies on new PM
Wall Street stocks rallied and the dollar slid Tuesday on hopes for a moderation in Federal Reserve policy, while the pound shot higher as former finance chief Rishi Sunak became Britain's prime minister.
Vieira points to 'lack of opportunity' for black managers
Patrick Vieira has called for black players to be given more opportunities in coaching and at the executive level in football.
Coca-Cola sees more consumer shifts due to inflation as profits jump
Coca-Cola reported a jump in profits Tuesday due in part to price increases but said some consumers are beginning to pull back due to inflation.
New PM Meloni confirms Italy's place in Europe, NATO
New Italian Prime Minister Giorgia Meloni set out her programme for government on Tuesday, reaffirming her support for the EU and Ukraine and promising to boost economic growth while rejecting Fascism.
GM confirms profit forecast despite 'challenging' environment
General Motors confirmed its full-year financial forecast Tuesday, lifting shares as it reported strong consumer demand in spite of a "challenging" environment with grinding inflation.