Year: 2023

The low-cost carrier said it expected to make an after-tax profit of between €1.85 billion and €2.05 billion ($2.1 billion and $2.3 billion) in the fiscal year ending in March 2024, surpassing its previous record of €1.45 billion in 2018.

Berkshire Hathaway, the conglomerate led by Warren Buffett, reported a 40% increase in its operating earnings for the third quarter of 2023, as well as a record-high cash balance of $157 billion.

Gross domestic product (GDP), the broadest measure of economic activity, increased at an annualized rate of 4.9% in the July-September period, the highest since the fourth quarter of 2021, when it grew by 5.1%.

China’s currency, the yuan, has come under pressure as capital is leaving the country at the fastest rate in over seven years, according to data from the Institute of International Finance.

Argentina is bracing for a political earthquake as Javier Milei, a far-right libertarian economist and former rock musician, is poised to win the presidency in a runoff election on November 19.

The social network announced that it would eliminate 668 jobs as part of a restructuring effort to streamline its operations and improve its efficiency.

The UK economy is on course to avoid a recession this year, despite the impact of the Bank of England’s interest rate hikes, according to a new forecast by the EY Item Club

Toshiba Corp is poised to end its 74-year history as a listed company after a majority of its shareholders agreed to a $13.5 billion buyout offer.