Vodafone, which previously rejected offers from French billionaire Xavier Niel's Iliad group for the unit, has been on a cost-cutting campaign that has included layoffs and the offloading of divisions abroad.
AFP news Mar 15, 2024
Her comments came after JPMorgan Chase CEO Jamie Dimon recently refused to rule out the chance of stagflation, a dreaded scenario where economic stagnation meets rising costs.
AFP news Mar 14, 2024
The firm -- also known by its official name Hon Hai Precision Industry -- is the world's biggest contract electronics manufacturer and assembles devices for several companies, most notably Apple's iPhones.
AFP news Mar 14, 2024
The fine has been imposed on three units of China's Bytedance group, namely Ireland's TikTok Technology, TikTok Information Technologies UK and TikTok Italy.
AFP news Mar 14, 2024
While price increases have fallen from their peak in 2022, households are still feeling the pinch from costs of living -- adding pressure on President Joe Biden as he tries to win over voters on his economic policies while running for reelection this year.
AFP news Mar 13, 2024
The guidance, from Boeing's head of commercial aviation Stan Deal, comes after an audit by the US Federal Aviation Administration (FAA) -- undertaken after a close call on an Alaska Airlines flight in January -- found instances of non-compliance at the manufacturer.
AFP news Mar 13, 2024
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".
AFP news Mar 13, 2024
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.
AFP news Mar 12, 2024
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.
AFP news Mar 11, 2024
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.
AFP news Mar 11, 2024
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.
AFP news Mar 08, 2024
Overseas shipments have long served as a key driver of the country's economic growth, providing vast amounts of jobs for the manufacturing sector.
AFP news Mar 07, 2024
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.
AFP news Mar 07, 2024
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.
AFP news Mar 07, 2024
Gold, whose twin drivers are jewelry and investment buying, has now gained about 15 percent in value since the same stage last year.
AFP news Mar 06, 2024
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.
AFP news Mar 06, 2024
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.
AFP news Mar 05, 2024
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.
AFP news Mar 05, 2024
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.
AFP news Mar 05, 2024
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.
AFP news Mar 05, 2024
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.
AFP news Mar 05, 2024
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.
AFP news Mar 04, 2024
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.
AFP news Mar 04, 2024
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.
AFP news Mar 01, 2024
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.
AFP news Mar 01, 2024
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."
AFP news Mar 01, 2024
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.
AFP news Feb 29, 2024
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.
AFP news Feb 29, 2024
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.
AFP news Feb 29, 2024
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.
AFP news Feb 28, 2024
