Entretenimiento

‘Gujarat Titans could make profits the next rights cycle’

CVC Capital Partners-owned Indian Premier League franchisee Gujarat Titans expects to become profitable in the next media rights cycle, a top executive told ET. CVC Capital bought Gujarat Titans, IPL’s Ahmedabad franchisee, for Rs 5,625 crore in 2021 for 10 years. Ahmedabad is the second-most expensive IPL franchisee after Lucknow, which was acquired by the

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Global

Forced labor profits, including sexual exploitation, reach $236 billion annually

Illegal profits from forced labor worldwide have surged to $236 billion annually, with sexual exploitation responsible for three-fourths of the earnings. The International Labor Organization has reported a 37% increase in profits from forced labor compared to a decade ago. Forced labor fosters corruption, strengthens criminal networks and perpetuates cycles of exploitation, officials say. Illegal

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Noticias de dinero

‘All-time high’ sales boost Jollibee profits

FAST-FOOD giant Jollibee Foods Corp. (JFC) on Tuesday reported that net income last year had risen by 22.4 percent to P8.99 billion, from P7.34 billion in 2022, following “all-time high” revenues. Net income attributable to the parent’s equity holders rose 16 percent to P8.8 billion and was achieved despite a one-off gain of P4.9 billion

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Noticias de dinero

Nestlé says net profits up 20.9% last year

ZURICH, Switzerland: Swiss food giant Nestlé on Thursday said net profits last year rose 20.9 percent to 11.2 billion Swiss francs ($12.7 billion) after increasing prices of its products to offset growing costs. The maker of Nespresso, Maggi seasonings, Purina pet foods and the Smarties range of sweets said turnover fell 1.5 percent to 93

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Noticias de dinero

Qantas half-year profits down | The Manila Times

Despite the drop in profits, the 103-year-old airline said customer satisfaction had improved as it reported its first results under its new chief executive, Vanessa Hudson. Her predecessor, Qantas veteran Alan Joyce, took early retirement in September as the once-beloved carrier suffered sustained criticism over its service, soaring ticket prices and its treatment of staff.

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Noticias de dinero

Inflation hits Heineken profits, beer sales

THE HAGUE, the Netherlands: Dutch brewer Heineken on Wednesday reported a drop in annual profits as beer volumes declined in “challenging market conditions” including high inflation. The world’s second-biggest brewer after AB InBev said its net profits in 2023 came in at 2.3 billion euros ($2.5 billion), compared to the 2.7 billion euros of profit

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Noticias de dinero

SUVs help keep Michelin profits rolling in

PARIS: Michelin, the world’s top tire maker, on Monday posted record operating profits as a focus on premium products, including for SUVs, helped it survive an otherwise lackluster year. Sales at the French firm dipped 0.9 percent last year to 28.3 billion euros ($30.5 billion) in what it described as adverse market conditions with the

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