The world's top luxury group LVMH said Thursday that its sales and net profit both hit new heights last year, driven by strong demand in Europe, the United States and Japan.. "Europe, the United States and Japan rose sharply, benefiting from strong demand from local customers and the recovery of international travel.
American Airlines offered a confident outlook on 2023 travel demand Thursday after reporting record quarterly revenues, while Southwest Airlines continued to suffer the effects of recent operational problems.. "We expect a strong demand environment to continue in 2023 and anticipate further improvement in demand for long-haul international travel this year."
The world's top luxury group LVMH said Thursday that its sales and net profit both hit new heights last year, driven by strong demand in Europe and the United States.. "Europe, the United States and Japan rose sharply, benefiting from strong demand from local customers and the recovery of international travel.
Sales of new US homes exceeded expectations in December but slumped for all of 2022, according to government data released Thursday, as higher mortgage rates weighed on potential buyers.. "Overall, higher mortgage rates are impacting affordability and are weighing heavily on home sales, a trend that is not yet showing any sign of stabilizing or reversing," said Rubeela Farooqi of High Frequency Economics. bys/tjj
Relatives of passengers who died in the twin Boeing 737 MAX crashes are scheduled to confront the airplane maker Thursday in a US court, some four years after the tragedies in Ethiopia and Indonesia.. More than two dozen relatives not able to attend filed statements on Wednesday with the court, including John Quindos Karanja, who lost his wife, daughter and three grandchildren in the Ethiopian Airlines crash.
The US economy grew at a slower pace in 2022, the Commerce Department said Thursday, as activity eased in the final months of the year and recession fears loomed.. Against this backdrop, the world's largest economy expanded 2.1 percent for all of 2022, down from the figure in 2021, according to Commerce Department data.
A general strike Thursday paralysed Cyprus for three hours, affecting schools, hospitals, government services and the private sector, as labour unions demand wages be adjusted to decades-high inflation rates.. The unions, representing more than 70,000 employees in the public and private sector, declared a three-hour strike from midday (1000 GMT) and staged protests across Cyprus.
Toyota named Koji Sato president and CEO on Thursday, in a surprise reshuffle that sees third-generation chief executive Akio Toyoda step aside to become board chairman of the world's top-selling automaker.. The Japanese automaker said Sato, 53, would also become operating officer when the changes to its executive structure take effect on April 1.
At an east London church on a bitterly cold winter's day, Beautine Wester-Okiya picks her way through boxes of donated baby clothes, toys and other assorted items destined for local people battered by the UK's cost-of-living crisis.. - 'Suicidal mums' - "We have suicidal mums... we have kids who just managed to come through the pandemic only to find this terrible cost-of-living crisis," said Wester-Okiya.
Toyota named Koji Sato as its new president, CEO, and operating officer Thursday, replacing third-generation chief executive Akio Toyoda -- who will become board chairman.. Incoming president Sato, 53, was previously the company's chief branding officer, and president of its luxury Lexus brand. kaf/dva
