Starbucks reported higher quarterly profits Thursday, fueled by solid North American growth that compensated for continued weakness in China due to Covid-19 restrictions.. The big coffee chain's results were a study in contrast between its two main markets, with North American comparable sales jumping 10 percent and China comparable sales slumping 29 percent.
Ford reported an annual loss Thursday following disappointing fourth-quarter earnings that reflected what it called execution problems that marred performance.. The fourth quarter profits -- which lagged below the company's prior projection -- pushed Ford to a $2.0 billion loss for all of 2022, compared with profits of $17.9 billion in the prior year.
A judge in Colombia caused a stir by announcing he had used the AI chatbot ChatGPT in preparing a ruling in a children's medical rights case.. "It is certainly not responsible or ethical to use ChatGPT as intended by the judge in the ruling in question," he wrote on Twitter.
Tech giants Google, Apple and Amazon will report their latest results on Thursday as shares in Meta skyrocketed after the Facebook owner posted a smaller-than-expected slump in sales for 2022.. Shares in Meta jumped as much as 25 percent on Thursday, setting the bar high for the earnings announcements by the other tech giants after markets closed later in the day.
Swiss prosecutors said Thursday they had opened an investigation into a massive leak last year of Credit Suisse account records, which a media probe alleged proved the bank held billions in dirty money.. The leaked records on more than 18,000 Credit Suisse accounts dating back to the 1940s were used in an international media investigation published in February 2022.
Spanish banking giant Banco Santander reported on Thursday record profits for 2022, becoming the latest European lender to get a boost from higher interest rates.. And on Thursday Germany's largest lender, Deutsche Bank, said it booked its highest annual profit since 2007 last year, thanks to higher interest rates.
Nigeria's central bank on Thursday ordered financial institutions to distribute newly designed bills over the counter in a bid to reduce massive queues at cash dispensers. . The newly-designed notes were introduced in December as part of a measure by the Central Bank of Nigeria (CBN) to crackdown on currency counterfeiting, ransom payments to kidnappers, as well reduce the volume of money outside the banking system.
And the winner is... a 16-year-old Colombian whose videos of his life in the countryside landed him an award at TikTok's answer to the Oscars for social media influencers.. Like in Hollywood, social media stars walked the red carpet in front of fans gathered to see the winners, which were chosen by social media users.
The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race to combat sky-high inflation.. The hike was double the lift announced by the US Federal Reserve on Wednesday, while the European Central Bank was also set to raise its rate again on Thursday.
French President Emmanuel Macron is facing his biggest standoff with France's trade unions since coming to power in 2017, with the outcome of a series of strikes and protests seen as decisive for both sides.. Momentum is clearly with the unions who announced two further days of protests and strikes next week, on Tuesday and Saturday.
