Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
HONG KONG, Aug 9, 2023 (AFP) – Hong Kong carrier Cathay Pacific on Wednesday swung to a healthy profit in the first half of the year thanks to a pick-up in travel, with the airline expecting passenger capacity to reach 70 percent of pre-pandemic levels by end of the year. The airline said it made a $546 million profit in January-June, rebounding from a loss of $640 million in the same period last year. It […]
by Haitham EL-TABEI Agence France Presse RIYADH, Saudi Arabia (AFP) — Energy giant Saudi Aramco said Sunday its 2021 net profit soared by more than 120 percent, due to higher crude prices, as global economic growth recovered from a pandemic induced downturn. The announcement came hours after Yemen’s Huthi rebels — against whom Saudi Arabia leads a military coalition — targeted several locations, including Aramco facilities, in cross-border armed drone attacks. Aramco, Saudi Arabia’s […]
SAN FRANCISCO, United States (AFP) — A former Facebook worker reportedly told US authorities Friday the platform has put profits before stopping problematic content, weeks after another whistleblower helped stoke the firm’s latest crisis with similar claims. The unnamed new whistleblower filed a complaint with US financial regulator Securities and Exchange Commission that could add to the company’s woes, said a Washington Post report. Facebook has faced a storm of criticism over the past […]
PARIS, France (AFP) — Total said Tuesday its quarterly profit fell by 99 percent because of dropping oil prices and announced it would slash investments in response to ongoing turmoil in crude markets. The French oil major reported a net profit of $34 million for the first quarter, against $3.1 billion a year earlier. Oil prices suffered a sharp drop in the first quarter due to overproduction and a price war between Saudi Arabia and […]
WASHINGTON, United States (AFP) — The US packaged food giant Kraft Heinz has announced a $15.4 billion write down on some of its most iconic brands, reflecting a big change in what people like to eat. In its fourth quarter earnings report, the company said Thursday that the write-down resulted in a net loss of $12.6 billion. The company also announced it was subpoenaed late last year by the Securities and Exchange Commission over its […]
TOKYO, Japan (AFP) — Japanese automaker Nissan, rocked by the arrest of former chairman Carlos Ghosn, on Tuesday revised downward its full-year forecast as nine-month net profit dropped more than 45 percent. It was Nissan’s first earnings report since Ghosn was arrested on November 19 and then sacked as chairman. He is in detention facing charges of financial misconduct. The firm’s bottom-line profit fell 45.2 percent to 316.7 billion yen ($2.9 billion), said Nissan — […]
by Natsuko FUKUE Agence France-Presse TOKYO, Japan (AFP) — Japanese car giant Toyota slashed its full-year net profit forecast Wednesday after saying its nine-month figure had tumbled nearly 30 percent as it was hit by investment losses. The firm’s senior managing officer Masayoshi Shirayanagi also told reporters there was no way to avoid a negative impact in the event of a no-deal Brexit — days after fellow Japanese carmaker Nissan announced a cut in production […]
by Glenn CHAPMAN Agence France-Presse SAN FRANCISCO, United States (AFP) — Amazon on Thursday reported its profit in the past quarter surged on strong holiday retail sales and its soaring cloud computing business. The US tech giant said profit jumped 63 percent from a year ago to $3 billion in the fourth quarter as revenues increased 20 percent to $72.4 billion. The results reflected growth in Amazon’s ever-expanding online retail operations as well as its […]
Japanese electronics giant Sony said on Friday that nine-month net profit jumped 63.2 percent on-year, led by its games and music divisions, while tax benefits allowed the firm to raise its annual forecast. But the electronics and entertainment giant lowered its annual sales forecast, citing slower-than-expected sales in a range of fields including the key semiconductor unit. The company said its April-December net profit reached 828.4 billion yen ($7.6 billion), while operating profit rose 13.9 […]
WASHINGTON, United States (AFP) — Microsoft said Wednesday it swung to profit in the past quarter on gains in cloud computing and business services, but shares took a hit on disappointing revenue growth. The US tech giant said profit was $8.4 billion in the fiscal second quarter to December 31, compared with a loss in the same period a year ago on funds set aside for one-time charges, Revenues in the period rose 12 percent […]
SAN FRANCISCO, United States (AFP) — Facebook said Wednesday quarterly profit climbed to an all-time record $6.9 billion as it boosted its global user base despite scandals that have dented the leading social network’s image. Revenue soared 30 percent from a year ago to $16.9 billion while the number of people using it monthly rose nine percent to 2.32 billion, Facebook said in its fourth quarter update. Net profit for Facebook, which makes most of […]
SAN FRANCISCO, United States (AFP) — From “Fortnite” to “Pokemon Go,” play in the US drove video-game industry revenue to a record-setting $43.4 billion last year, according to data released Tuesday. Spending on games in the US in 2018 climbed 18 percent from the previous year, according to figures from the Entertainment Software Association (ESA) and market tracker NPD Group. “Whether it was playing on the go on a mobile device or at home on a PC […]
