Economy
Airbus first-half net profit halved to 825 mn euros
Airbus said Tuesday that its net profit in the first half year fell 46 percent to 825 million euros ($890 million), dragged down by a massive writedown in its space operations. On Tuesday it said the charge for the space business was in fact 989 million.
Carbon credits 'ineffective', says corporate climate watchdog
The world's top judge of corporate climate action on Tuesday described carbon credits as "ineffective" at addressing global warming and a risk for companies trying to reach net zero targets. On Tuesday, it said the evidence "suggests that various types of carbon credits are ineffective" and that using such offsets poses "clear risks" for companies.
German economy unexpectedly shrinks in second quarter
The German economy unexpectedly shrank in the second quarter, preliminary data showed Tuesday, falling further behind as a recovery takes hold elsewhere across the eurozone. The comparison with other eurozone heavyweights was stark on Tuesday, with the French economy rising by a more-than-expected 0.3 percent in the second quarter.
Spain watchdog fines Booking.com 413 mn euros
Spain's competition watchdog said Tuesday it had slapped online travel agency Booking.com with a record 413-million-euro fine for "abusing its dominant position" during the past five years. Hungary's competition watchdog earlier this month slapped Booking.com with a second fine for failing to cease its "unfair" business practices, including putting psychological pressure on customers.
After suspending 10 private jets, NCAA sends message to Dangote, Otedola, other private jet owners
Jet operators possessing permits for noncommercial flights are required by the Nigeria Civil Aviation Authority to submit technical record by August 2 at the latest.
Oil giant BP reports tumbling profits in first half
BP on Tuesday announced tumbling profits for the first half, with the British oil and gas giant hit by depreciation of assets and falling revenue. Environmentalists hit out over BP's latest announcements.
Chinese leaders pledge further support for flagging economy
President Xi Jinping and other Chinese leaders stressed the need for further reform to support economic activity and the country's ailing property sector, state media reported Tuesday, following a key meeting centred on boosting growth.
France, Spain log solid growth in second quarter
The French economy grew faster than expected in the second quarter, official data showed Tuesday, giving a boost to the eurozone. Growth figures for Germany and the wider eurozone are due to be released later Tuesday.
Belgium flexes its new locally sourced mussels
It is a popular tradition to eat mussels in Brussels but what may surprise many is that none of the molluscs visitors enjoy are locally sourced in Belgium. On the historical Grand Place in Brussels, a major tourist destination in Belgium, a restaurant owner tells AFP he offers the highly popular traditional dish of mussels and fries on his menu all year round.
Economy
Load more