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Uber shares surge as company says consumers still strong
Shares of Uber rocketed higher Tuesday after it reported a surge in quarterly revenue and described consumer demand as remaining robust. Shares jumped 15.5 percent to $30.66 in morning trading. jmb/st
US Fed starts policy meeting with further rate hike expected
US central bankers started their two-day policy meeting Tuesday with persistently high inflation backing expectations of another rate hike -- a fourth straight steep increase as price pressures fail to ease quickly enough.
Ukraine's 58th brigade in the heart of the Bakhmut mire
In the east Ukrainian city of Bakhmut, 15 kilometres (nine miles) from the positions held by Russian forces, an artillery unit waits for the signal. - 'Total war' - One-and-a-half kilometres from the line of contact, the last covered Ukrainian position in the north east of Bakhmut sits in an old industrial park.
Land-based climate plans 'unrealistic': report
The world needs to set aside an area bigger than the United States for tree planting and other measures to meet climate pledges, according to research published Tuesday that warned against "unrealistic" carbon-cutting plans.
Power, water restored in Kyiv after Russian strikes
Water and power supplies were fully restored in Kyiv on Tuesday a day after Russian missile strikes, as grain exports from Ukraine continued despite Moscow pulling out of a deal to let ships through. On Tuesday, Kyiv mayor Vitali Klitschko said water and electricity supplies had been "fully restored" in the capital.
Pfizer lifts 2022 forecast for Covid-19 vaccine sales as profits rise
Pfizer reported higher quarterly profits Tuesday as it lifted its full-year forecast for coronavirus vaccine sales and predicted Covid-19 would yield billions more in revenues for the forseeable future. Overall, Pfizer reported profits of $8.6 billion in the third quarter, up six percent from the year-ago period on a six percent drop in revenues to $22.6 billion.
UK's Ocado announces tie-up with S.Korea's Lotte
British grocery delivery platform Ocado on Tuesday announced a tie-up with South Korean giant Lotte Shopping, sending its shares soaring in London. Ocado's stock surged more than 30 percent in morning trade on the London Stock Exchange after the announcement.
Lufthansa to raise salaries for German cabin crew
Lufthansa said Tuesday it had agreed a pay rise for 19,000 cabin crew members in Germany to help compensate for soaring inflation. Lufthansa already agreed to raise the salaries of pilots and ground staff in Germany earlier this year after they staged walkouts to press their demands for better pay.
Cameroon's electronic waste recyclers struggle despite historic law
Sheltered from the harsh central African sun by a patched-up parasol, Ismael Alioum rummages through piles of electronic waste, gleaning useful components and high-value metals from circuit boards and switches. - Unprofitable - Poughela said Cameroon was the first African country to have passed legislation on e-waste management.
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