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Niger coup raises questions about uranium dependence
The military coup in Niger last week raises the question of Europe's dependency on uranium mined in the West African nation for its nuclear power plants. The company said last week that it was monitoring the situation closely but that the seizure of power by the military had not for the moment affected the delivery of uranium supplies.
Oil majors still profitabe even if super-profits gone
From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits posted in 2022 when prices surged in the wake of Russia's invasion of Ukraine, but they nevertheless remain comfortably profitable this year.
Pfizer trims 2023 revenue outlook as profits tumble
Pfizer reported a steep drop in profits Tuesday on much lower Covid-related revenues as it curtailed its full-year sales outlook, in part due to tornado damage to a key manufacturing facility. Pfizer also cited recent tornado damage to a North Carolina manufacturing facility as a drag on near-term results.
China imposes export curbs on critical metals, drones
Chinese controls on exports of two metals critical to making semiconductors came into force on Tuesday, a day after Beijing imposed curbs on the foreign sales of some drones. - Drone export ban - They also follow curbs by Beijing on the exports of certain types of unmanned aerial vehicles, also known as drones.
HSBC reports bumper profits on rising interest rates
Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to $21.7 billion in the first half of 2023, boosted by higher interest rates. With regards the outlook, it said: "Given the current market consensus for global central bank rates, we have raised our 2023 full-year guidance for net interest income to above $35 billion."
Greek islanders dismayed by plan to scale up fish farming
On the sunny quay of the picturesque Greek island of Poros, veteran fisherman Spiros Papaioannou makes no bones about imminent plans to expand fish farming. "I am not (fundamentally) opposed to fish farms," said fisherman Tasos Ladas, acknowledging that Greek seas are "being emptied of fish year after year" one way or another.
Asian markets rise as positive mood flows across trading floors
Asian investors started August in the same way they ended July, with gains across markets that followed Wall Street's lead, fuelled by a general sense of optimism about the economic outlook. With the mood among investors broadly positive, analysts who had warned of another tough week for markets were changing their outlooks.
San Francisco warns Musk he needs permit for giant, flashing X sign
San Francisco sent the company formerly known as Twitter a warning Monday that it needed proper permits for the giant, flashing new X sign atop its headquarters, after the tech firm twice refused to let building inspectors check it. On Monday the city sent X a notice of violation warning that it needed proper permits for the sign.
Heineken profits slide as beer price hikes curb enthusiasm
Dutch brewer Heineken on Monday lowered its earnings outlook for the full year after price hikes to counter soaring costs battered beer sales, pushing down profits in the first half. For the full year, it now expects a "stable to a mid-single-digit" operating profit growth on a like-for-like basis, after an 8.8 percent drop in the first half, to 1.9 billion euros.
AFP
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