Chancellor Olaf Scholz heads Thursday to East Africa, seeking clean energy partnerships particularly with "trailblazer" Kenya where 90 percent of power needs are covered by renewables.. Kenya is already Germany's biggest trading partner from East Africa and is planning to fully cover its energy needs with renewables by 2030.
Pfizer reported a drop in first-quarter profits Tuesday on declining Covid-19 vaccine revenues, but said it was on track for a heavy series of product launches later in 2023.. Pfizer has also forecast a 2023 decline in revenues in Paxlovid, its Covid-19 therapeutic.
Global banking giant HSBC reported Tuesday a surge in quarterly net profit, boosted by rising interest rates and its rescue of the UK arm of failed US lender Silicon Valley Bank.. - 'Positively exposed' to rates - HSBC said it was "positively exposed to rising interest rates" and forecast $34 billion in net interest income this year.
With angular welded frames, huge wheels and teeth painted on the front grille, the one-off buggies being built to order for Ukrainian forces on the battlefield resemble props from the "Mad Max" films.. It will be heavily armoured, with huge wheels.
Hong Kong's economy grew in the first quarter of 2023, the city's leader said Tuesday, ending a disastrous year-long spell in which the finance hub was effectively closed for business due to pandemic restrictions.. At the beginning of 2023, Hong Kong's finance chief unveiled a US$97 billion budget aimed at resuscitating the city's fortunes.
Annual inflation in the eurozone rose to seven percent in April, the EU's statistics agency said Tuesday, the first increase after five consecutive months of declines.. The data showed that inflation in Germany, the EU's biggest economy, slipped to 7.6 percent in April from 7.8 percent a month earlier.
British energy giant BP reported Tuesday a net profit of $8.2 billion for the first quarter, recovering from a record loss a year earlier as it ended operations in Russia after the Ukraine invasion.. BP also revealed that underlying profit dropped by one fifth to $5 billion, reflecting lower energy prices compared with one year earlier.
Japan Airlines logged Tuesday an annual net profit for the first time in three years, buoyed by soaring domestic and international demand for travel after pandemic restrictions were eased.. The airline's rival ANA Holdings similarly said last week that it achieved profitability for the first time in three years, logging a full-year net profit of 89 billion yen. tmo/kaf/dva
Australia announced a sweeping crackdown on vaping Tuesday, accusing tobacco companies of hooking the next "generation of nicotine addicts" by deliberately targeting teenagers. . "Just like they did with smoking, Big Tobacco has taken another addictive product, wrapped it in shiny packaging and added flavours to create a new generation of nicotine addicts."
A computer scientist often dubbed "the godfather of artificial intelligence" has quit his job at Google to speak out about the dangers of the technology, US media reported Monday.. Jeff Dean, lead scientist for Google AI, thanked Hinton in a statement to US media.
