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Taiwan tech giant Foxconn's 2024 profit misses forecasts
Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust. Apple said recently it would team up with Foxconn later this year to begin producing servers that power the cloud components of Apple Intelligence in Houston, Bloomberg reported.
UK economy unexpectedly shrinks in January in blow to govt
Britain's economy unexpectedly shrank in January, official data showed Friday, piling more pressure on the Labour government ahead of its Spring Statement on the economy. The data provides a fresh blow to the government and Prime Minister Keir Starmer, who has put growing the UK economy at the top of his mission since Labour won a general election in July.
UniCredit gets ECB nod for Commerzbank stake
Italian banking giant UniCredit said Friday it had secured approval from the European Central Bank to buy up to 29.9 percent of Commerzbank, opening the door to a possible takeover of its German rival.
BMW warns on tariffs, China as 2024 profits plunge
German premium carmaker BMW warned Friday of continued challenges in 2025 from trade tensions and weak demand in China after reporting a plunge in profits last year. The Munich-headquartered group joins other German automakers in reporting sharply lower profits amid a choppy transition to electric vehicles and slowing demand in key market China.
East DR Congo mines mint Rwanda-backed M23's fortune
Mine shafts snake under the eastern Democratic Republic of Congo's mountains, but instead of the Congolese government their rich veins are making a mint for the Rwanda-backed M23. - 'Forced labour' - Sources close to the Congolese government accuse Rwanda of leading a war for control of the region's particularly fertile agricultural land.
Meta tests 'Community Notes' to replace fact-checkers
Social media giant Meta on Thursday announced it would begin testing its new "Community Notes" feature across its platforms in the United States next week, as it shifts away from third-party fact-checking toward a crowd-sourced approach to content moderation.
Most Asian markets rise on hopes for bill to avert US shutdown
Asian investors fought Friday to grind out gains at the end of a painful week for markets as they welcomed signs US lawmakers will avert a government shutdown but remained fearful over Donald Trump's trade war. However, Asian markets enjoyed a broadly positive Friday amid hopes Congress will pass a bill to avert a painful government shutdown.
Panama 'firm' on canal as US reportedly weighs options
Panama's government said Thursday it would remain "firm" in defending its sovereignty and the Panama Canal, after a report suggesting that US President Donald Trump is considering options aimed at "reclaiming" the strategic waterway.
All eyes on Democrats as US barrels toward shutdown deadline
The US government, already shaken by Donald Trump's radical reforms, could begin shutting down entirely this weekend as Democrats grapple with the option of opposing the president's federal funding plans -- at the risk this blows up in their faces. "When the government shuts down, you have government employees who are no longer paid, you have services that begin to lag.
AFP
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