BUSINESS

Chair Patrick Healy said that "2023 was our first profitable year since 2019" and added that the imbalance between supply and travel demand "resulted in high yields and contributed to a strong financial performance in both halves of the year".

The Danish toy giant's overall sales inched up by two percent to 65.9 billion kroner ($9.6 billion), a record sum for the family company that continues to gain market share.

The protest came days after Tesla's Gruenheide site was forced to halt production after a nearby electricity pylon was set on fire in a suspected arson attack, causing a power outage at the plant.

Top officials have been upfront about the myriad challenges China is facing, admitting that a modest five percent growth goal will not be easy and that "hidden risks" are dragging the economy down. But they have supplied few details about how they plan to tackle the problems.

The decision came after authorities in Africa's biggest economy imposed restrictions on cryptocurrency exchanges as part of attempts to halt the sliding value of the local currency.

Overseas shipments have long served as a key driver of the country's economic growth, providing vast amounts of jobs for the manufacturing sector.

German airline giant Lufthansa warned Thursday about the "damaging" impact of a wave of industrial action at the start of this year, as it reported 2023 profits doubled on booming demand.

Having navigated multiple crises ranging from Covid to the Ukraine war as the European Commission head since 2019, the former defense minister is seeking a new mandate that would run to 2029.

Gold, whose twin drivers are jewelry and investment buying, has now gained about 15 percent in value since the same stage last year.

Britain's Conservative government is on Wednesday expected to use a budget update to unveil tax cuts for millions of workers, in an attempt to woo voters before a general election.

Musk, who also heads X (formerly Twitter) and SpaceX, has seen his riches fall by more than $30 billion as Tesla's share price has dropped 25 percent in recent months.

Under the new rules all buyouts, no matter how small, will have to be notified to the commission, the EU's executive arm based in Brussels.

CEO Bill Anderson, hired last year to help steer the troubled group in a new direction, ruled out any imminent break-up of the company -- despite mounting pressure from activist investors.

Beijing's leadership on Tuesday laid out an objective of "around five percent" gross domestic product (GDP) growth this year -- a dream of many developed Western nations but for China a far cry from the breakneck expansion that powered its rise.

Tesla said in a statement that the production facilities in Gruenheide were in a "safe state" after the shutdown, and workers had been sent home.

After the ECB launched an unprecedented campaign of monetary tightening to tame runaway consumer prices, eurozone inflation has been slowing steadily from a peak of over 10 percent in late 2022.

Huge giveaways are not expected, however, as stubbornly-high inflation hikes repayments on state borrowing, undermining the ability to stimulate the recession-hit UK economy.

Host country Brazil has an ambitious agenda to use the rotating G20 presidency to amplify the voice of the global south and tackle inequality and climate change.

Extending a global retreat from news content, Meta said it would scrap the Facebook News tab in Australia and would not renew deals with news publishers worth hundreds of millions of dollars.

The statement did not provide a reason for the unexpected move, just saying it wanted to "wish him all the best for the forthcoming new chapter in his life."

Electronic Arts on Wednesday said it is cutting about 5 percent of its workforce, as belt tightening continues in the video game and tech industries.

India's entertainment market is already one of the world's biggest, with the merger expected to further shake up the multi-billion-dollar industry.

Meta has reaped rich financial rewards by selling user data to advertisers, but its business model has pitted the US tech giant against EU regulators over data privacy.

The controversy emerged within weeks of Google's high-profile rebranding of its ChatGPT-style AI to "Gemini", giving the app unprecedented prominence in its products as it competes with OpenAI and its backer Microsoft.

Vodafone, which previously rejected offers from French billionaire Xavier Niel's Iliad group, said it has "engaged extensively with several parties to explore market consolidation in Italy".

The analysis comes as Boeing faces intensified scrutiny following a January 5 Alaska Airlines emergency landing that led to a temporary grounding of some Boeing 737 MAX aircraft.

Many eyes were trained on India -- which is often described as an obstructionist element in trade talks -- but it's Commerce Minister Piyush Goyal has yet to arrive in Abu Dhabi.

The report of the deal comes as billionaire tycoon Mukesh Ambani, chairman of oil-to-telecoms giant Reliance Industries, readies to host Disney chief Robert Iger on March 1 for his son's wedding in India's western Gujarat state.

Millennial-focused and known for its edgy news and lifestyle content, Vice had been among the rising stars of a new breed of digital media firms but struggled as advertising revenues shrank.