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Germany's Scholz in quest for Kenya clean energy deals
Germany's Scholz in quest for Kenya clean energy deals
by  AFP

Chancellor Olaf Scholz heads Thursday to East Africa, seeking clean energy partnerships particularly with "trailblazer" Kenya where 90 percent of power needs are covered by renewables. Kenya is already Germany's biggest trading partner from East Africa and is planning to fully cover its energy needs with renewables by 2030.

Pfizer profits drop as it adapts to lower Covid-19 revenues
Pfizer profits drop as it adapts to lower Covid-19 revenues
by  AFP

Pfizer reported a drop in first-quarter profits Tuesday on declining Covid-19 vaccine revenues, but said it was on track for a heavy series of product launches later in 2023. Pfizer has also forecast a 2023 decline in revenues in Paxlovid, its Covid-19 therapeutic.

HSBC profit rockets on rising interest rates
HSBC profit rockets on rising interest rates
by  AFP

Global banking giant HSBC reported Tuesday a surge in quarterly net profit, boosted by rising interest rates and its rescue of the UK arm of failed US lender Silicon Valley Bank. - 'Positively exposed' to rates - HSBC said it was "positively exposed to rising interest rates" and forecast $34 billion in net interest income this year.

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