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Ukraine sees tourism as 'crucial' for post-war revival
With its beaches targeted by Russian strikes and its hotels empty or closed since the start of the war, Ukraine has been deprived of an important source of income: tourism. "We will need time," admits the tourism chief, while insisting Ukraine had strong potential for attracting visitors with its Black Sea beaches, its historical sites and family ski resorts.
Electric car batteries could be key to boosting energy storage: study
Electric car batteries could be used to boost power storage in the future, injecting electricity into the grid during times of scarcity or storing electricity during periods of excess, a new study found Tuesday. It would also require proper "communication" between the power system and the electric cars.
US high court hears sanctions evasion case against Turkey's Halkbank
The US Supreme Court will hear arguments Tuesday in an appeal by Turkey's Halkbank against US charges that it violated sanctions on Iran. Halkbank was hit with criminal charges in 2019 that it took part in a year-long scheme to launder billions of dollars worth of Iranian oil and natural gas proceeds, violating US sanctions on Iran.
Goldman Sachs profits hit by big drop in mergers
Goldman Sachs reported a steep decline in fourth-quarter earnings on Tuesday on much lower merger activity in results that missed analyst expectations and weighed on shares. Goldman Sachs also cited a fall in equity and debt underwriting as a factor in the profit decline.
Son of Equatorial Guinea's ruler held for graft: state TV
One of the sons of Equatorial Guinea's veteran ruler has been arrested on suspicion of illegally selling a plane owned by the national airline, state TV said Tuesday. The channel said authorities opened an inquiry in late November "after discovering that an ATR 72-500 belonging to the national airline (Ceiba Intercontinental) had gone missing".
Nissan, Renault near 'historic' rebalancing of alliance: source
Nissan and Renault are nearing a "historic" rebalancing of their auto alliance, with a deal likely to be announced in the coming weeks, a source close to the talks said Tuesday. Analysts see a rebalancing of the deal as a way to build confidence between Nissan and Renault.
China's economy grows at slowest pace in decades but tops forecasts
China's economy grew last year at its slowest pace in four decades as it was hammered by Covid lockdowns and a property crisis but the forecast-beating reading raised hopes for a strong recovery as it reopens.
Asian stocks struggle, even as China growth tops forecasts
Asian stocks mostly fell Tuesday but pared early losses after data showed China's economy grew more than expected last year, while traders remain hopeful about the country's outlook as it emerges from years of debilitating zero-Covid measures. Still, analysts remain upbeat.
Egypt's economic turmoil squeezes struggling middle class
With Egypt's economy in crisis, the currency in freefall and inflation skyrocketing, the poor have been hit hard but the middle class is also teetering on the brink. The new reality has driven families that were considered part of the middle class to seek help.
AFP
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