AFP
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Lufthansa 2024 profits dive amid strikes, rising costs
German airline giant Lufthansa said Thursday its 2024 profits dived during a turbulent year marked by strikes, rising costs and delayed aircraft deliveries, as a post-pandemic rebound petered out. It also pointed to problems caused by "significantly higher costs, especially in Germany" as well as "further delays in aircraft deliveries".
Asian markets rise on Trump auto tariff reprieve
Asian markets climbed on Thursday after US President Donald Trump announced a one-month tariff delay on auto imports from Mexico and Canada. Wednesday's tariff delay buoyed global markets and lifted the auto sector, with stocks in Hong Kong, Tokyo and Seoul also climbing Thursday morning.
Debate over rates pause mounts as ECB set to cut again
Massive German spending pledges and uncertainty caused by US trade policy are fuelling expectations the European Central Bank could on Thursday signal that a pause in interest rate cuts is in sight, analysts said.
US firm targets Moon landing with drill, rovers, hopping drone
A drill to search for ice. Also aboard Athena is PRIME-1, a NASA instrument carrying a drill to search for ice and other chemicals beneath the lunar surface, paired with a spectrometer to analyze its findings.
Trump to welcome crypto elite at White House
US President Donald Trump, who has multiple ties to the crypto industry, will host the sector's top players at a White House summit on Friday, as the field enjoys renewed momentum following his election. Friday's summit "marks a pivotal moment for the digital asset industry," according to Elitsa Taskova of Nexo, a cryptocurrency financial services platform.
Trump tariffs reverberate through Mexico's industrial belt
For decades, Mexico's industrial borderlands boomed thanks to growing trade with the world's largest economy next door. Analysts have warned the US duties could push Mexico's economy, the second largest in Latin America, into recession.
Deluge of Trump tariffs seen hitting household budgets
Consumer items ranging from avocados and strawberries to electronics and gasoline look poised for price hikes in the wake of President Donald Trump's tariffs on Mexico, Canada and China. Yale University's Budget Lab has estimated the net impact of Trump's tariffs will be between a 1.0 percent and 1.2 percent hike to consumer prices, a yearly toll of $1,600 to $2,000 per household.
Chinese hackers indicted in US for Treasury breach, other attacks
Twelve Chinese nationals, including two public security ministry officers, have been indicted for a series of hacking attacks, including a 2024 breach of the US Treasury, the Justice Department said Wednesday. The Justice Department said the private Chinese hackers were paid in some cases by the Chinese ministries of public security and state security to exploit specific victims.
US signals possible exemptions in Canada, Mexico tariffs
US Commerce Secretary Howard Lutnick said an announcement on Canada and Mexico tariffs was expected later Wednesday, signaling potential relief for specific sectors such as automobiles, a day after the steep levies took effect.
AFP
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