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Shell profit tumbles on lower oil prices
Shell said Thursday that its net profit more than halved to $19.4 billion in 2023 on lower energy prices, after rocketing to a record peak the previous year following the Ukraine conflict. "Full year 2023 income... reflected lower realised oil and gas prices, lower volumes, and lower refining margins," Shell added in the earnings release.
Deutsche Bank to cut jobs after drop in 2023 profit
Germany's biggest lender Deutsche Bank on Thursday announced plans to slash 3,500 jobs as part of a major cost-cutting drive after its net profit fell in 2023. As part of those efforts, Deutsche said it plans to cut around 3,500 jobs over the next two years, "mainly in non-client-facing areas".
Most Asian markets retreat as Fed crushes March rate cut hope
Most Asian equities fell Thursday, tracking a sell-off on Wall Street after the Federal Reserve poured cold water on hopes for a March interest rate cut. "The Federal Reserve is getting closer to the first interest rate cut, but we're not there yet."
IMF authorizes $4.7 bn for Argentina after Milei's 'bold' reforms
The International Monetary Fund on Wednesday approved a fresh $4.7 billion for Argentina, praising the new administration of President Javier Milei as he enacts "bold" cost-cutting to bring the country's ailing economy back on track.
Brazil's Lula still losing digital battle to Bolsonaro
Wearing a blue shirt with the sleeves rolled up, President Luiz Inacio Lula da Silva smiles as he gushes on his love of Brazilian music, and then segues into a barstool-style dissertation on football. A YouTube live session that Bolsonaro did Sunday night with his sons racked up more than two million views -- more than all of Lula's "Conversations with the President" segments combined.
Facebook, the social network old-timer, turns 20
A simple hangout spot for young people when it arrived on the scene 20 years ago, Facebook has since become a battle-hardened behemoth with an insatiable appetite for your attention. Facebook became a venue for connecting with just about anyone, anywhere and by 2023 reported being used by more than 3 billion people monthly.
Cuba delays 500% fuel price hike over 'cybersecurity' incident
Cuba's government on Wednesday delayed a planned 500 percent surge in the fuel price after a "cybersecurity incident," an economy ministry official said. Economy ministry official Mildrey Granadillo said there had been a "cybersecurity incident ... whose origin has been identified as a virus from abroad."
French prosecutors probe Nestle over mineral water treatments
French prosecutors said on Wednesday they had opened an investigation into suspected fraudulent practices by the waters division of Swiss food giant Nestle, after it admitted treating water for its top French brands including Perrier and Vittel.
Dire Straits legend's guitars garner six-figure sales
Several guitars put up for sale by Mark Knopfler, the former frontman of British rock group Dire Straits, on Wednesday fetched hundreds of thousands of pounds each at auction. The sales figures pale in comparison to some previous sales of legendary rock guitars.
AFP
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