Cathay Pacific Airways reported on Wednesday its best first-half profit in more than a decade and announced plans to order more planes and repay a Hong Kong government rescue package after a major turnaround in travel demand. The interim net profit of HK$4.3 billion ($550.22 million), in line with its guidance for earnings of up to […]
Japan’s Sony logged a hefty drop in first-quarter profit, hurt in part by a weaker performance from its movie division but the entertainment giant remained hopeful about prospects for a record year for its PlayStation 5 console. Operating profit slid 31% to 253 billion yen ($1.8 billion) in April-June, in line with estimates and also pulled […]
Japan’s Honda Motor reported a 78% rise in quarterly profit on Wednesday, boosted by increased sales, especially in the North American market, and a weaker yen. Japan’s second-biggest automaker by sales said its operating profit totalled 394.4 billion yen ($2.76 billion) in the three months through June, handily beating the average 324.74 billion yen estimate in […]
Online gaming platform Roblox missed estimates for second-quarter bookings on Wednesday as waning demand for its online games and intensifying competition hurt growth, sending its shares down nearly 20%. Shares of the company were set for their worst day in 10 months and on track to erase nearly all its gains this year, if losses hold […]
Progress towards SDG 4, which aims to provide high-quality education and lifelong learning opportunities for all children, was severely disrupted by COVID-19. Even prior to the pandemic, most countries were not on track to achieve this goal with over half of children in low- and middle-income countries experiencing learning poverty, that is, being unable to […]
With close to 80 percent of age-10 children in Honduras experiencing learning poverty—which means that they are unable to read and understand a simple text— it’s never been more critical to expand children’s access to books and improve opportunities for children to learn and read at home. Reading is an essential skill that unlocks the door to […]
SDG 3 aims to ensure healthy lives and promote well-being for all. COVID-19 took a catastrophic toll on global health with many excessive deaths resulting in lower global life expectancy at birth by over 1.5 years. A reversal of global life expectancies at this scale was unprecedented since the early 1960s. But COVID-19 vaccines were developed […]
According to the 2023 World Bank Economic Update for Mali, entitled “Strengthening Financial Resilience of Pastoralists to Drought,” Mali’s economy showed signs of resilience despite ECOWAS sanctions, high food inflation, and parasite infestations affecting cotton production. GDP growth is estimated at 1.8% driven by the recovery of food agriculture and the resilience of the gold […]
Ah, summer—the season when I briefly forget Ottawa’s brutal winters and turn my thoughts to my adopted city’s picturesque parks, fabulous waterways, winding bike trails, and summer festivals. And—dare I say it—the heart-racing thrill of diving headfirst into the captivating world of infrastructure and public-private partnerships (PPPs). Yes, it’s time for the 2023 PPP summer […]
Wix.com, which helps small businesses build and operate websites, swung to a net profit in the second quarter that was more than double forecasts and raised estimates for 2023. The Israeli company said on Thursday it had earned $1.38 per share excluding one-time items in the April to June period, compared with a loss of […]
