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Arsenal post £17.7m loss despite record revenues
Arsenal lost £17.7 million in the 2023/24 season despite a return to the Champions League helping to post a club record £616.6 million ($775 million) revenue. However, wages skyrocketed to £327.8 million from £234.8 million.
Canada announces first high-speed rail: Toronto to Quebec City
Prime Minister Justin Trudeau on Wednesday announced Canada's first high-speed rail line, connecting major hubs from Toronto to Quebec City, calling it "the largest infrastructure project in Canadian history." This will be "the largest infrastructure project in Canadian history," Trudeau told a news conference in Montreal.
Glencore looks to leave London Stock Exchange as falls into loss
Swiss mining and commodity trading giant Glencore said Wednesday it was considering shifting its stock listing from London after it stumbled into a net loss last year on falling coal prices and writing down the value of assets. - Coal business take a lump - The company earlier Wednesday reported $1.6 billion net loss for 2024 compared to a net profit of nearly $4.3 billion the previous year.
Asset writedowns push Glencore into $1.6 bn loss for 2024
Swiss mining and commodity trading giant Glencore said Wednesday that falling coal prices and writedowns to the value of its assets pushed it into a net loss for 2024. The $1.6 billion net loss for fiscal year 2024 compared to a net profit of nearly $4.3 billion the previous year, the company said in a statement.
Google pays 326 mn euros to settle Italy tax dispute: prosecutor
Tech giant Google has paid 326 million euros to Italy following an investigation into alleged unpaid taxes, Milan prosecutors said Wednesday, as they recommended criminal proceedings be dropped.
UK annual inflation jumps more than expected
Britain's annual inflation rate rose more than expected last month, official data showed Wednesday, adding pressure to the Labour government which is also facing sluggish economic growth. The reading is a blow to Prime Minister Keir Starmer's centre-left government as it tries to tackle the dual pressures of rising prices and slow economic growth.
Niger turns to satellites to bridge digital divide
Less than a third of Niger's vast territory has internet access, so the west African country is betting on satellite broadband to bridge the digital divide in remote rural areas. Much of the enthusiasm for satellite broadband comes from remote areas, said vendor Ali Sat.
EU eyes stricter food import rules in agriculture policy review
The EU plans to crackdown on food imports that do not meet its standards as part of an agricultural policy review to be published Wednesday that looks to appease disgruntled farmers amid global trade tensions.
HSBC targets $1.5 bn in annual cost savings after revamp
Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and geographic setup will yield $1.5 billion in annual cost savings by the end of 2026.
AFP
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