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United Airlines profits dip but says Newark has rebounded
United Airlines reported a drop in second-quarter profits Wednesday on higher costs and predicted a rise in travel as geopolitical worries ease. United had higher salary costs compared with the year-ago period.
Goldman Sachs profits jump as CEO eyes more merger activity
Goldman Sachs reported a jump in second-quarter profits Wednesday behind significant increases in financial advisory revenues that chief executive David Solomon said could presage an uptick in dealmaking. Goldman said increases in advisory fees reflected strength in the Americas, Europe, the Middle East and Africa.
Trump says not firing Fed chair -- but not ruling out
US President Donald Trump said Wednesday that he was not currently planning to fire Federal Reserve Chair Jerome Powell, but added that he did not rule it out. "I don't rule out anything, but I think it's highly unlikely," he added.
Argentina under Milei: a tale of two economies
In Javier Milei's Argentina, falling inflation has stimulated a boom in car and real estate sales and foreign-bound planes take off laden with tourists. "The change in government has been very positive for this sector," third-generation real estate agent Diego Sardano told AFP. "Under the previous government, we went months without making a single sale.
Stellantis pulls plug on hydrogen fuel cell vans
Jeep-maker Stellantis said Wednesday it was pulling the plug on plans to build light vans using hydrogen fuel cells, saying it saw no prospects for it to be commercially viable.
Nvidia's Huang says 'doing our best' to serve Chinese market
Nvidia CEO Jensen Huang said on Wednesday his firm was "doing our best" to serve China's vast market for semiconductors after meeting Beijing officials. "They want to know that Nvidia continues to invest here, that we are still doing our best to serve the market here," he said.
Indonesian shoemakers fear Trump tariffs despite lower levy
At a leather boot shop in the Indonesian city of Bandung, workers handle an order from Texas but owner Etnawati Melani says she fears such business will dwindle when Donald Trump's tariffs hit exports. So any new tariff was likely to damage business -- particularly in Bandung, where its shoe scene is well-known internationally for beautifully hand-crafted quality leather boots.
Indonesia hails 'new era' with US after Trump trade pact
Indonesia's leader on Wednesday hailed a "new era" of trade relations with the United States, after Donald Trump said he slashed the tariff rate faced by Southeast Asia's biggest economy from 32 percent to 19 percent.
Pakistan's quiet solar rush puts pressure on national grid
Pakistanis are increasingly ditching the national grid in favour of solar power, prompting a boom in rooftop panels and spooking a government weighed down by billions of dollars of power sector debt. But the fall in national grid consumers has crept up on an unprepared government burdened by $8 billion of power sector debt, analysts say.
AFP
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