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BP bags bumper 2023 profits, rewards investors
BP bags bumper 2023 profits, rewards investors
by  AFP

British energy giant BP logged multi-billion-dollar annual profits Tuesday despite lower oil prices and following boardroom turmoil, sending its share price rallying thanks also to more big payouts to investors. Reflecting lower oil prices and refining margins last year, BP revealed Tuesday that underlying profit excluding exceptional items halved to $13.8 billion.

Saudi more than doubles 2030 foreign tourism target: minister
Saudi more than doubles 2030 foreign tourism target: minister
by  AFP

Saudi Arabia drew 27 million foreign tourists in 2023 and has more than doubled its goal for the end of the decade, an official said on Tuesday. "We have reached 100 million tourists this year, 77 million from home, 27 million from abroad, over 100 million," Tourism Minister Ahmed Al Khateeb said at a conference organised by Saudi Arabia's sovereign wealth fund, describing the 2023 figures.

Nintendo lifts net profit forecast on weak yen, steady Switch sales
Nintendo lifts net profit forecast on weak yen, steady Switch sales
by  AFP

Game giant Nintendo raised its annual net profit forecast on Tuesday, saying the weak yen and steady sales of the Switch console, now in its seventh year, would boost earnings. "This fiscal year is the seventh year since the launch of Nintendo Switch, but sell-through has remained steady and there are more annual playing users than ever before," Nintendo said.

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