Economy

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Heathrow unveils £49 bn expansion plan for third runway
Heathrow unveils £49 bn expansion plan for third runway
by  AFP

London's Heathrow Airport on Friday unveiled a £49-billion ($65 billion) expansion plan, including the costs of building a long-awaited third runway, approved by the UK government after years of legal wrangling. The government is expected to also back expansion at Gatwick airport, south of the capital, in October -- having recently approved upgrades to London's Stansted, Luton and City airports.

Amazon profits surge 35% but forecast sinks share price
Amazon profits surge 35% but forecast sinks share price
by  AFP

Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off. - 'Curveballs' - Amazon Web Services (AWS), the company's world leading cloud computing division, led the charge with sales jumping 17.5 percent to $30.9 billion.

Brazil vows to fight Trump tariff 'injustice'
Brazil vows to fight Trump tariff 'injustice'
by  AFP

Brazil vowed Thursday to combat US President Donald Trump's tariffs on its exports, saying it intends to lodge appeals if last-ditch negotiations fail. If negotiations fail, Haddad said Brasilia would "file appeals with the appropriate authorities, both in the United States and with international bodies."

Apple profit beats forecasts on strong iPhone sales
Apple profit beats forecasts on strong iPhone sales
by  AFP

Apple on Thursday reported quarterly profit of $23.4 billion, topping forecasts despite concerns about the effect of US tariffs on its supply chain. Revenue in Apple's services business selling digital content and subscriptions to fans of its devices grew to $27.4 billion in the quarter, Apple reported. gc/dw

Google must open Android to rival app stores: US court
Google must open Android to rival app stores: US court
by  AFP

A US federal court ruled Thursday that Google must open its Android operating system to rival app stores, after the internet giant lost an appeal in an antitrust case filed by Fortnite maker Epic Games.

Amazon profits surge 35% as AI investments drive growth
Amazon profits surge 35% as AI investments drive growth
by  AFP

Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off. Amazon Web Services (AWS), the company's world leading cloud computing division, led the charge with sales jumping 17.5 percent to $30.9 billion.

EA shooter 'Battlefield 6' to appear in October
EA shooter 'Battlefield 6' to appear in October
by  AFP

Promising vast combat zones and pounding action, team-based first-person shooter "Battlefield 6" is set for release in October, pitting it against longtime rival “Call of Duty” for autumn sales dominance. - Autumn showdown - Where "Call of Duty" focuses on tighter, smaller skirmishes, Battlefield has always striven to paint on a more epic canvas.

Heavyweight shooter 'Battlefield 6' to appear in October
Heavyweight shooter 'Battlefield 6' to appear in October
by  AFP

Electronic Arts team-based shooter "Battlefield 6", expected to be one of the hit games of the year, will be released on October 10, the American publisher said Thursday. Electronic Arts does not reveal official sales figures, but has acknowledged that "2042" did not perform as well as expected.

Microsoft valuation surges above $4 trillion as AI lifts stocks
Microsoft valuation surges above $4 trillion as AI lifts stocks
by  AFP

Shares of Microsoft spiked Thursday following blowout quarterly results, lifting the tech giant into the previously unprecedented $4 trillion club along with Nvidia, another artificial intelligence standout. Microsoft was one of the first tech giants to double down on artificial intelligence when the launch of ChatGPT in 2022 rocked the tech industry.