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World demand for liquefied natural gas jumps 50% by 2040: Shell
British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more than 50 percent by 2040, fuelled by China dumping coal.
'Working is duty': French PM tells rail workers ahead of holiday strike
French Prime Minister Gabriel Attal on Wednesday warned train controllers against disrupting travel during school holidays as ticket inspectors geared up to strike this weekend. "The French know that going on strike is a right," Attal said, while adding pointedly that "working is a duty".
Turkey under pressure to shut down gold mine after landslide
Calls grew in Turkey on Wednesday to shut down a controversial gold mine as hopes dimmed of rescuing nine workers trapped by a massive landslide that rolled over their open pit. Interior Minister Ali Yerlikaya said five of the trapped workers were believed to be in a container, three in a vehicle and another in a separate part of the pit in his truck.
Body Shop's UK business slides into administration
The UK arm of The Body Shop, the near 50-year-old cosmetics company renowned for ethical hair and skin products, has entered administration, administrators said Tuesday, placing thousands of jobs at risk.
Sony hikes profit forecast but says PS5 sales to slow
Japan's Sony upgraded its annual net profit forecast on Wednesday but trimmed its PlayStation 5 unit's sales target, with the flagship console currently in its fourth year on the market. The conglomerate now predicts a full-year net profit of 920 billion yen ($6.1 billion) instead of its previous target of 880 billion yen.
UK inflation holds at 4.0 percent in January: data
Britain's annual inflation rate remained unchanged in January from the previous month, confounding expectations for an acceleration, official data showed on Wednesday. Analysts said Wednesday's data showed that the central bank could decide to cut its main interest rate from 5.25 percent in the coming months.
Most of Asia tracks Wall St down as US data dents rate cut hopes
Most Asian equities sank Wednesday, tracking a sell-off on Wall Street, as a forecast-topping US inflation report dealt a hefty blow to hopes for an early interest rate cut. In that case, it's unlikely that the Federal Reserve will cut interest rates in May."
Bitter year for Heineken as inflation hits profits, beer sales
Dutch brewer Heineken on Wednesday reported a drop in annual profits as beer volumes declined in "challenging market conditions" including high inflation. In its home market of the Netherlands, the Dutch brewery association said that beer sales overall fell by more than five percent in 2023 due to poor summer weather and inflation.
Fears that pirates are returning to seas off Somalia
The daring attack in December bore unsettling hallmarks of the piracy that once terrorised global shipping off eastern Africa: a cargo vessel hijacked, its crew taken to Somalia, and disappeared.
AFP
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