The Arctic Council, a model for cooperation between former Cold War foes, on Thursday sees a delicate handover of chairmanship, with the sidelining of Russia, its largest member.. "(But) because of the war of aggression launched by Russia, it will be a totally different chairmanship than what was envisaged," she said.
Nissan said Thursday its full-year net profit slightly topped estimates and offered an upbeat forecast for the current fiscal year, despite warning of "challenging" conditions ahead.. The Japanese automaker said it logged a net profit of 221 billion yen ($1.6 billion) for the year to March 2023, just beating its prediction of 220 billion yen, and projected 315 billion yen ($2.3 billion) for the coming year.
Zambian President Hakainde Hichilema said his copper-rich country needs to forge diverse economic partnerships worldwide to extract itself from a debt burden he described as a "python around our necks.". The debt is "like a python around our necks, ribs and legs," Hichilema said in an interview with Agence France-Presse in Paris after meeting President Emmanuel Macron for talks on Wednesday.
Emirates Group announced a record $3 billion annual profit on Thursday, hailing a "full recovery" for the Dubai-based carrier after last year's losses due to the pandemic.. "We're proud of our 2022-23 performance which is not only a full recovery but also a record result," Emirates chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum said in a statement.
SoftBank Group reported an annual net loss of over $7.2 billion on Thursday after a bruising year for the tech startup sector in which it is heavily invested.. The company said its annual net loss came to 970 billion yen ($7.2 billion) on sales of 6.57 trillion yen, reflecting in part major losses from its Vision Fund portfolios.
The fate of tens of thousands of people seeking asylum at the United States' southern border will, from Friday, hinge on an app that has just 2.5 stars in the App Store.. "It is the dream of every human being to cross to the United States to help our relatives," he said.
Political brinkmanship over raising the US debt ceiling risks "serious economic costs" even without the "catastrophe" of a default, Treasury Secretary Janet Yellen warned Thursday at G7 finance talks in Japan.. "Short of a default, brinkmanship over the debt limit can also impose serious economic costs," she added as a three-day meeting of finance ministers and central bank chiefs began in the city of Niigata.
Australia's trade minister flew to Beijing on Thursday on a mission to demolish all Chinese import barriers after years of punishing sanctions and unofficial bans.. China then took delivery of its first Australian coal shipment in February this year, after an unofficial ban of two years.
EU lawmakers hold a crucial vote Thursday towards setting restrictions on how AI such as ChatGPT can be used in the European Union.. Once the committees' vote is held on Thursday, the full European Parliament will have its say with a plenary vote next month.
The Bank of England is forecast Thursday to deliver its twelfth straight interest rate hike as it seeks to dampen high inflation but risks worsening a cost-of-living crisis.. - Cost-of-living crisis - In Britain -- the only Group of 7 nation where inflation topped 10 percent in March -- it has sparked a cost-of-living crisis, with increasing numbers of people pushed into poverty.
