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2024 H1 China Four Major Airlines Incur Losses

NANJING, CHINA - JULY 18, 2024 - A China Eastern Airlines Airbus 320 is seen on the taxiway of Nanjing Lukou Airport in Nanjing, Jiangsu province, China, July 18, 2024. According to the financial report, in the first half of 2024, the four major airlines, Air China, China Eastern Airlines, China Southern Airlines and Hainan Airlines, are still expected to lose money, and the loss of the four airlines is about 600 million yuan to 3 billion yuan.

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2024 H1 China Four Major Airlines Incur Losses

NANJING, CHINA - JULY 18, 2024 - A Southern Airlines Boeing 737-700 is seen next to the Nanjing Lukou Airport terminal in Nanjing, Jiangsu province, China, July 18, 2024. According to the financial report, in the first half of 2024, the four major airlines, Air China, China Eastern Airlines, China Southern Airlines and Hainan Airlines, are still expected to lose money, and the loss of the four airlines is about 600 million yuan to 3 billion yuan.

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2024 H1 China Four Major Airlines Incur Losses

NANJING, CHINA - JULY 18, 2024 - A Hainan Airlines Boeing 737 MAX8 takes off from Nanjing Lukou Airport in Nanjing, Jiangsu province, China, July 18, 2024. According to the financial report, in the first half of 2024, the four major airlines, Air China, China Eastern Airlines, China Southern Airlines and Hainan Airlines, are still expected to lose money, and the loss of the four airlines is about 600 million yuan to 3 billion yuan.

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2024 H1 China Four Major Airlines Incur Losses

NANJING, CHINA - JULY 18, 2024 - A China Eastern Airlines Airbus 320 is seen on the taxiway of Nanjing Lukou Airport in Nanjing, Jiangsu province, China, July 18, 2024. According to the financial report, in the first half of 2024, the four major airlines, Air China, China Eastern Airlines, China Southern Airlines and Hainan Airlines, are still expected to lose money, and the loss of the four airlines is about 600 million yuan to 3 billion yuan.

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2024 H1 China Four Major Airlines Incur Losses

NANJING, CHINA - JULY 18, 2024 - A Hainan Airlines Boeing 737 MAX8 is seen on the taxiway at Nanjing Lukou Airport in Nanjing, Jiangsu province, China, July 18, 2024. According to the financial report, in the first half of 2024, the four major airlines, Air China, China Eastern Airlines, China Southern Airlines and Hainan Airlines, are still expected to lose money, and the loss of the four airlines is about 600 million yuan to 3 billion yuan.

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2024 H1 China Four Major Airlines Incur Losses

NANJING, CHINA - JULY 18, 2024 - A Southern Airlines Boeing 737-700 is seen on a taxiway at Nanjing Lukou Airport in Nanjing, Jiangsu province, China, July 18, 2024. According to the financial report, in the first half of 2024, the four major airlines, Air China, China Eastern Airlines, China Southern Airlines and Hainan Airlines, are still expected to lose money, and the loss of the four airlines is about 600 million yuan to 3 billion yuan.

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2024 H1 China Four Major Airlines Incur Losses

NANJING, CHINA - JULY 18, 2024 - A Southern Airlines Boeing 737-800 takes off from Nanjing Lukou Airport in Nanjing, Jiangsu province, China, July 18, 2024. According to the financial report, in the first half of 2024, the four major airlines, Air China, China Eastern Airlines, China Southern Airlines and Hainan Airlines, are still expected to lose money, and the loss of the four airlines is about 600 million yuan to 3 billion yuan.

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2024 H1 China Four Major Airlines Incur Losses

NANJING, CHINA - JULY 18, 2024 - A China Eastern Airlines Airbus 320 is seen on the taxiway of Nanjing Lukou Airport in Nanjing, Jiangsu province, China, July 18, 2024. According to the financial report, in the first half of 2024, the four major airlines, Air China, China Eastern Airlines, China Southern Airlines and Hainan Airlines, are still expected to lose money, and the loss of the four airlines is about 600 million yuan to 3 billion yuan.

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2024 H1 China Four Major Airlines Incur Losses

NANJING, CHINA - JULY 18, 2024 - An Air China Boeing 737-800 is seen next to the Nanjing Lukou Airport terminal in Nanjing, Jiangsu province, China, July 18, 2024. According to the financial report, in the first half of 2024, the four major airlines, Air China, China Eastern Airlines, China Southern Airlines and Hainan Airlines, are still expected to lose money, and the loss of the four airlines is about 600 million yuan to 3 billion yuan.

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2024 H1 China Four Major Airlines Incur Losses

NANJING, CHINA - JULY 18, 2024 - An Air China Boeing 737-800 is seen next to the Nanjing Lukou Airport terminal in Nanjing, Jiangsu province, China, July 18, 2024. According to the financial report, in the first half of 2024, the four major airlines, Air China, China Eastern Airlines, China Southern Airlines and Hainan Airlines, are still expected to lose money, and the loss of the four airlines is about 600 million yuan to 3 billion yuan.

E

2024 H1 China Four Major Airlines Incur Losses

NANJING, CHINA - JULY 18, 2024 - An Air China Boeing 737-800 is seen next to the Nanjing Lukou Airport terminal in Nanjing, Jiangsu province, China, July 18, 2024. According to the financial report, in the first half of 2024, the four major airlines, Air China, China Eastern Airlines, China Southern Airlines and Hainan Airlines, are still expected to lose money, and the loss of the four airlines is about 600 million yuan to 3 billion yuan.

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Why "de-risking" from China poses high risks for European economies

STORY: Why "de-risking" from China poses high risks for European economies DATELINE: May 13, 2023 LENGTH: 00:02:24 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of headquarters of the EU 2. various of Europe 3. SOUNDBITE 1 (Bulgarian): ZAHARI ZAHARIEV, President of Bulgaria's National Association for the Belt and Road 4. SOUNDBITE 2 (Hungarian): ERNO PETO, President of the Hungarian-Chinese Chamber of Economy 5. various of China STORYLINE: Walking a fine line between preserving its interests and reducing exposures to so-called "risks," the European Union (EU) has been touting a "de-risking from China strategy." However, many analysts said that this "de-risking strategy" is likely to incur high risks and take a toll on the EU's economic growth. SOUNDBITE 1 (Bulgarian): ZAHARI ZAHARIEV, President of Bulgaria's National Association for the Belt and Road "We talk about China as one of the countries in the modern world, but we have to keep in mind that when we talk about China, we're talking about

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Unseasonal rains, hailstorms damage standing crops in large parts of India

STORY: Unseasonal rains, hailstorms damage standing crops in large parts of India DATELINE: March 23, 2023 LENGTH: 00:02:11 LOCATION: New Delhi CATEGORY: AGRICULTURE SHOTLIST: 1. various of India gate 2. various of agriculture fields 3. various of affected crop and vegetable 4. SOUNDBITE (English): VIJAY SHARDANA, Agro-economist STORYLINE: Unseasonal rains and hailstorms in large parts of India over the past three days have damaged standing crops, particularly wheat and mustard, across thousands of acres of agricultural land. The federal government is yet to release official figures on the estimate of damaged crops and the financial losses suffered by farmers. Rains accompanied by thunderstorms lashed Delhi and its surrounding areas on Monday. Reports of rains and hailstorms have flooded the media and social media platforms, with people expressing sympathies for the farmers. Agriculture in India is largely dependent on rain, but at times incessant rains also incur huge losses. Almost the whole of India

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Seiyu expects to incur annual net loss for 6th straight year

TOKYO, Japan - Seiyu Ltd. Chief Executive Officer Edward James Kolodzieski said at a press conference in Tokyo on Aug. 14 that the Japanese retail unit of Wal-Mart Stores Inc. now expects a 5.9 billion yen group net loss for its current business year to Dec. 31 for a sixth consecutive year of red ink.

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Sharp expected to post 200 bil. yen net loss

OSAKA, March 3 Kyodo - The headquarters of Japanese electronics maker Sharp Corp. stands in the city of Osaka, western Japan, on March 3, 2015. The company is expected to incur about 200 billion yen ($1.7 billion) in group net loss for the fiscal year to March 31 as it is considering additional restructuring steps, including the closure of four factories in Hiroshima Prefecture, sources close to the matter said the same day.

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Panasonic expects to incur huge loss in FY 2012

TOKYO, Japan - Kazuhiro Tsuga, president of Panasonic Corp., speaks at a news conference in Tokyo on Oct. 31, 2012. The electronics maker said it expects to book a group net loss of 765 billion yen in fiscal 2012 ending March 31, incurring a hefty loss for the second straight year due to massive restructuring costs amid a continued slump in its mainstay electronics operation.

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Kansai Electric to incur record April-Sept. net loss

OSAKA, Japan - Kansai Electric Power Co. President Makoto Yagi speaks during a press conference at the utility's head office in Osaka on Sept. 20, 2012. Yagi announced the utility may incur a record group net loss of 125 billion yen for the April-September half year as most of its nuclear reactors remained idle.

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Court orders TSE to pay 10.7 bil. yen in damages to Mizuho

TOKYO, Japan - Atsushi Saito, president of Tokyo Stock Exchange Group Inc., speaks at a news conference in Tokyo on Dec. 4, 2009, after the Tokyo District Court ordered the Tokyo Stock Exchange to pay damages of about 10.7 billion yen to Mizuho Securities Co., saying the Tokyo bourse is more to blame in a case of botched trading in 2005 that caused the brokerage to incur hefty losses.

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Nissan to incur 1st loss under Ghosn, to cut 20,000 jobs

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn listens to questions during a news conference in Tokyo on Feb. 9. Japan's third-largest automaker revised its earnings forecasts for the year to March to a group net loss of 265 billion yen due to sliding sales and a stronger yen.

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Nissan to incur 1st loss under Ghosn, to cut 20,000 jobs

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn speaks during a news conference in Tokyo on Feb. 9. Japan's third-largest automaker revised its earnings forecasts for the year to March to a group net loss of 265 billion yen due to sliding sales and a stronger yen. The automaker said it will cut its worldwide workforce of about 235,000 by 8.5 percent to 215,000 in fiscal 2009 through March 2010.

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Nissan to incur 1st loss under Ghosn, to cut 20,000 jobs

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn is seen in contemplative mood during a news conference in Tokyo on Feb. 9. Japan's third-largest automaker revised its earnings forecasts for the year to March to a group net loss of 265 billion yen due to sliding sales and a stronger yen.

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Nissan to incur 1st loss under Ghosn, to cut 20,000 jobs

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn listens to questions during a news conference in Tokyo on Feb. 9. Japan's third-largest automaker revised its earnings forecasts for the year to March to a group net loss of 265 billion yen due to sliding sales and a stronger yen.

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Nissan to incur 1st loss under Ghosn, to cut 20,000 jobs

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn responds to questions from reporters at a news conference in Tokyo on Feb. 9. Japan's third-largest automaker revised its earnings forecasts for the year to March to a group net loss of 265 billion yen due to sliding sales and a stronger yen.

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Sharp expects FY 08 operating loss of 30 bil. yen, 1st since 1953

OSAKA, Japan - Sharp Corp. Vice President Toshishige Hamano (L) announced in Osaka on Feb. 6 that the Japanese electronics maker expects to incur a group operating loss of 30 billion yen for the current business year through March, the first full-year loss since it began releasing earnings results on an operating level in 1953.

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Panasonic expects 380 bil. yen annual loss

TOKYO, Japan - Makoto Uenoyama, director of Panasonic Corp., briefs reporters on a projection about the company's group business results for fiscal 2008 during a press conference in Tokyo on Feb. 4. Panasonic expects to incur 380 billion yen in group net loss for the business year ending next month.

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Panasonic expects 380 bil. yen annual loss

TOKYO, Japan - Makoto Uenoyama, director of Panasonic Corp., briefs reporters on a projection about the company's group business results for fiscal 2008 during a press conference in Tokyo on Feb. 4. Panasonic expects to incur 380 billion yen in group net loss for the business year ending next month.

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Hitachi to log record 700 bil. yen net loss for FY 2008

TOKYO, Japan - Hitachi Ltd. President Kazuo Furukawa appears solemn after a press conference in Tokyo on Jan. 30. Furukawa announced that the electronics giant expects to incur a group net loss of 700 billion yen for fiscal 2008 to March 31, the worst result since it was established.

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Hitachi to log 700 billion yen net loss for FY 2008, cut workforce

TOKYO, Japan - Hitachi Ltd. President Kazuo Furukawa speaks at a press conference in Tokyo on Jan. 30. Furukawa said the giant electric machinery company expects to incur a group net loss of 700 billion yen for fiscal 2008 to March 31, the worst result since it was established.

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Toshiba sees FY08 operating loss of 280 bil. yen, 1st red ink in 7 yrs

TOKYO, Japan - Toshiba Corp. President Atsutoshi Nishida bows at the end of a press conference at the Tokyo Stock Exchange on Jan. 29. The struggling Japanese electronics giant said it will lay off 4,500 temporary workers in its loss-making semiconductor and liquid crystal display businesses and it expects to incur group net and operating losses of 280 billion yen each for fiscal 2008 through March, its first red-ink figures in seven years.

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Sony to incur largest-ever loss for FY 08, step up cost cuts

TOKYO, Japan - Sony Corp. Chairman and Chief Executive Officer Howard Stringer (L) and President Ryoji Chubachi (R) meet the press at the company's headquarters in Tokyo on Jan. 22. Sony said it expects to incur its largest-ever loss for the year to March, hit by the yen's sharp appreciation and slumping sales of its electronics products, and that it will step up cost-cutting efforts to deal with the global economic downturn.

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Sony to incur largest-ever loss for FY 08, step up cost cuts

TOKYO, Japan - Sony Corp. Chairman and Chief Executive Officer Howard Stringer reacts during a news conference at the company's headquarters in Tokyo on Jan. 22. Sony expects to incur its largest-ever loss for the year to March, hit by the yen's sharp appreciation and slumping sales of its electronics products, and that it will step up cost-cutting efforts to deal with the global economic downturn.

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Sanyo to suffer huge loss, cut back on home appliances

OSAKA, Japan - Sanyo Electric Co. CEO and Chairman Tomoyo Nonaka (C) answers questions as President Toshimasa Iue (R) listens at a press conference at the company head office in Moriguchi, Osaka Prefecture, on Nov. 18. The company said it will substantially reduce the size of its divisions making semiconductors and ''white goods'' such as refrigerators as it expects to incur a group net loss of 233 billion yen for fiscal 2005.

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Sanyo to suffer huge loss, cut back on home appliances

OSAKA, Japan - Sanyo Electric Co. President Toshimasa Iue is surrounded by reporters as he leaves a press conference room at the company head office in Moriguchi, Osaka Prefecture, on Nov. 18. The company told the press conference it will substantially reduce the size of its divisions making semiconductors and ''white goods'' such as refrigerators as it expects to incur a group net loss of 233 billion yen for fiscal 2005.

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Sojitz to incur 16 bil. yen in appraisal losses on commodity trading

TOKYO, Japan - Sojitz Holdings Corp. President Hidetoshi Nishimura (L) tells a press conference on March 9 that the company expects to incur about 16 billion yen in appraisal losses possibly caused by a ''serious violation'' of an in-house rule on commodity futures transactions at trading house Sojitz Corp. The company said it will set up an ''investigation committee,'' inviting an outside lawyer to unravel the matter.

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Daiei to incur net group loss of 510 bil. yen in FY 2004

TOKYO, Japan - Toshio Hasumi, president of Daiei Inc., speaks to reporters about the company's group earning forecast for fiscal 2004 ending on Feb. 28.

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UFJ Holdings to incur 780 bil. yen interim net loss

TOKYO, Japan - UFJ Holdings Inc. President Ryosuke Tamakoshi (L) speaks as UFJ Bank President Takamune Okihara listens at a press conference in Tokyo on Sept. 10. UFJ Holdings said it expects to book a group net loss of 780 billion yen in the April-September first half of fiscal 2004 as it will clean up its books before its planned merger with Mitsubishi Tokyo Financial Group Inc. in October 2005.

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Sanyo Electric seen turning to red on latent losses

OSAKA, Japan - Sanyo Electric Co. President Yukinori Kuwano speaks at a news conference in Osaka on March 14. He said the company is likely to incur a group net loss for the first time in four years, forecasting a 70 billion yen loss for the year ending March 31 compared with an 8 billion yen profit projected in October.

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Aioi projects higher losses from reinsurance claims

TOKYO, Japan - Akira Seshimo (R), president of Aioi Insurance Co., briefs reporters at a press conference in Tokyo on Feb. 12 about the company's potential loss from overseas reinsurance claims of its U.S. agent. Seshimo said the company will likely incur a loss of 126.1 billion yen on the reinsurance claims, including those stemming from the Sept. 11 terror attacks on the U.S.

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Bridgestone to face $900 mil. group loss on tire recall

TOKYO, Japan - Yoichiro Kaizaki, president of Bridgestone Corp., meets the press at the company's head office in Tokyo on Dec. 5. He said his company expects to incur a consolidated special loss of $900 million in the year ending in December due to the cost of a tire recall scandal involving its U.S. subsidiary Bridgestone/Firestone Inc.

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No forces could salvage doomed failure of "Taiwan independence": Chinese FM spokesperson

STORY: No forces could salvage doomed failure of "Taiwan independence": Chinese FM spokesperson DATELINE: May 24, 2022 LENGTH: 00:01:52 LOCATION: Beijing CATEGORY: POLITICS SHOTLIST: 1. SOUNDBITE (Chinese/English interpretation): WANG WENBIN, Chinese Foreign Ministry spokesperson STORYLINE: SOUNDBITE (Chinese/English interpretation): WANG WENBIN, Chinese Foreign Ministry spokesperson "The U.S. has been playing with words on the one-China principle, but I would like to point out that no forces in the world, including the U.S., could stop the Chinese people in their path to complete national reunification and no forces, including the U.S., could salvage the doomed failure of "Taiwan independence." The U.S. has been breaking its commitment on the Taiwan question and hollowing out the one-China principle overtly and covertly instigating and supporting 'Taiwan independence' separatist forces if it's where to travel further down this wrong path, it will cause irreparable damage to China-U.S. relations and incur

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UFJ Holdings to incur 780 bil. yen interim net loss

TOKYO, Japan - UFJ Holdings Inc. President Ryosuke Tamakoshi (L) speaks as UFJ Bank President Takamune Okihara listens at a press conference in Tokyo on Sept. 10. UFJ Holdings said it expects to book a group net loss of 780 billion yen in the April-September first half of fiscal 2004 as it will clean up its books before its planned merger with Mitsubishi Tokyo Financial Group Inc. in October 2005. (Kyodo)

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Daiei to incur net group loss of 510 bil. yen in FY 2004

TOKYO, Japan - Toshio Hasumi, president of Daiei Inc., speaks to reporters about the company's group earning forecast for fiscal 2004 ending on Feb. 28. (Kyodo)

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Sanyo to suffer huge loss, cut back on home appliances

OSAKA, Japan - Sanyo Electric Co. President Toshimasa Iue is surrounded by reporters as he leaves a press conference room at the company head office in Moriguchi, Osaka Prefecture, on Nov. 18. The company told the press conference it will substantially reduce the size of its divisions making semiconductors and ''white goods'' such as refrigerators as it expects to incur a group net loss of 233 billion yen for fiscal 2005. (Kyodo)

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Sanyo to suffer huge loss, cut back on home appliances

OSAKA, Japan - Sanyo Electric Co. CEO and Chairman Tomoyo Nonaka (C) answers questions as President Toshimasa Iue (R) listens at a press conference at the company head office in Moriguchi, Osaka Prefecture, on Nov. 18. The company said it will substantially reduce the size of its divisions making semiconductors and ''white goods'' such as refrigerators as it expects to incur a group net loss of 233 billion yen for fiscal 2005. (Kyodo)

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Seiyu expects to incur annual net loss for 6th straight year

TOKYO, Japan - Seiyu Ltd. Chief Executive Officer Edward James Kolodzieski said at a press conference in Tokyo on Aug. 14 that the Japanese retail unit of Wal-Mart Stores Inc. now expects a 5.9 billion yen group net loss for its current business year to Dec. 31 for a sixth consecutive year of red ink. (Kyodo)

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Sony to incur largest-ever loss for FY 08, step up cost cuts

TOKYO, Japan - Sony Corp. Chairman and Chief Executive Officer Howard Stringer reacts during a news conference at the company's headquarters in Tokyo on Jan. 22. Sony expects to incur its largest-ever loss for the year to March, hit by the yen's sharp appreciation and slumping sales of its electronics products, and that it will step up cost-cutting efforts to deal with the global economic downturn. (Kyodo)

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Sony to incur largest-ever loss for FY 08, step up cost cuts

TOKYO, Japan - Sony Corp. Chairman and Chief Executive Officer Howard Stringer (L) and President Ryoji Chubachi (R) meet the press at the company's headquarters in Tokyo on Jan. 22. Sony said it expects to incur its largest-ever loss for the year to March, hit by the yen's sharp appreciation and slumping sales of its electronics products, and that it will step up cost-cutting efforts to deal with the global economic downturn. (Kyodo)

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Toshiba to cut 4,500 temp jobs by end of March as it faces loss

TOKYO, Japan - Toshiba Corp. President Atsutoshi Nishida bows at the end of a press conference at the Tokyo Stock Exchange on Jan. 29. The struggling Japanese electronics giant said it will lay off 4,500 temporary workers in its loss-making semiconductor and liquid crystal display businesses and it expects to incur group net and operating losses of 280 billion yen each for fiscal 2008 through March, its first red-ink figures in seven years. (Kyodo)

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Hitachi to log record 700 bil. yen net loss for FY 2008

TOKYO, Japan - Hitachi Ltd. President Kazuo Furukawa appears solemn after a press conference in Tokyo on Jan. 30. Furukawa announced that the electronics giant expects to incur a group net loss of 700 billion yen for fiscal 2008 to March 31, the worst result since it was established. (Kyodo)

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Hitachi to log 700 billion yen net loss for FY 2008, cut workforc

TOKYO, Japan - Hitachi Ltd. President Kazuo Furukawa speaks at a press conference in Tokyo on Jan. 30. Furukawa said the giant electric machinery company expects to incur a group net loss of 700 billion yen for fiscal 2008 to March 31, the worst result since it was established. (Kyodo)