About this episode
It’s another busy day for earnings in Europe. Credit Suisse pre-tax Q4 profit slumps to a CHF88m loss as a slow post-virus recovery weighs on the lender. However, recent client activity is positively impacting its wealth management arm. Full-year revenue for 2020 at Airbus nose-dives by 30 per cent with an operating loss of €510m. The plane maker will also withhold its dividend this year. Meanwhile, digital discord Down Under after Facebook blocks news-sharing in Australia over a proposed law that will force social media platforms to pay for journalistic content. Australian Treasurer Josh Frydenberg says Facebook’s “heavy-handed” actions will damage its reputation in the country. In the U.S., retail sales spike as consumers spend their stimulus cheques, but the Fed warns economic recovery is far from complete. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .