Huawei reported net profit for 2022 of 35.6 billion yuan ($5.18 billion), down 69% year-on-year. That’s the biggest annual drop since 2011, according to CNBC’s calculations. Huawei blamed rising commodity prices, tight pandemic controls in China last year and a one-time gain from the sale of Honor last year as reasons for the profit slump. … Read more
The main reason for the 1.6 percentage point decline was lower energy costs. These figures are not enough proof that the European Central Bank could consider pausing its rate hike cycle, which began in July. The ECB raised rates by 50 basis points in March, bringing its main benchmark rate to 3%. However, he gave … Read more
Fresh out of prison in 1994 New York and struggling to reestablish meaningful connections to her past, a hairdresser named Inez begins asking questions in the neighborhood about her son, Terry, who was taken from her by the authorities and placed in a foster home. . Turns out he fell out the window and was … Read more
The Swiss decision has led some Credit Suisse AT1 bondholders to consider legal action and has created uncertainty for bondholders around the world. “We wanted to make it very clear to investors, to avoid being misunderstood: we have no choice but to respect this hierarchy,” the chairman of the EU’s Single Resolution Board told CNBC. … Read more
CNN — Buffalo Bills safety Damar Hamlin said Wednesday that when he played football as a child, he never thought about CPR or whether an automated external defibrillator (AED) was nearby. At an event on Capitol Hill, the NFL player shared facts he learned after going into cardiac arrest and collapsing on the field during … Read more
Complaints about air travel have nearly quadrupled from pre-pandemic levels after waves of cancellations, delays and lost luggage disrupted the travel plans of millions of travellers. Travelers filed 60,732 complaints from January 2022 to November, according to a new report from the US PIRG Education Fund, a public interest research group that reviewed US Department … Read more
JetBlue is preparing to cut dozens of weekly flights in the New York area this spring and summer in response to a shortage of air traffic controllers. Last week, the Federal Aviation Administration unveiled a new plan to help avoid a repeat of the 2022 flight disruptions. “We don’t want to disrupt flights,” CEO Robin … Read more
House lawmakers ripped into top U.S. banking regulators on Wednesday, questioning their competence and saying examiners were asleep at the wheel, in a second day of congressional hearings this week into how Silicon Valley Bank and Signature Bank collapsed virtually overnight on March 10 and 12. “We need competent financial supervisors, but Congress cannot legislate … Read more
WASHINGTON (AP) — The Army is scrambling to quickly round up new recruiting ads to run during NCAA Final Four basketball games this weekend after being forced to pull ads featuring the actor Jonathan Majors, following his arrest. last Saturday. Army chiefs had been delighted to feature the majors in ads, as part of their … Read more
The exterior of a Dollar General convenience store is seen March 16, 2023 in Austin, Texas. Brandon Bell | Getty Images Dollar General is in settlement talks with federal regulators after the discount retailer was called a “serious violator” of workplace safety rules, according to a spokesperson for the Occupational Safety and Health Administration. The … Read more
