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Hong Kong reports Q1 GDP growth after 2022 contraction
Hong Kong reports Q1 GDP growth after 2022 contraction
by  AFP

Hong Kong's economy grew in the first quarter of 2023, the city's leader said Tuesday, ending a disastrous year-long spell in which the finance hub was effectively closed for business due to pandemic restrictions. At the beginning of 2023, Hong Kong's finance chief unveiled a US$97 billion budget aimed at resuscitating the city's fortunes.

Eurozone inflation sees surprise rise after 5-month fall
Eurozone inflation sees surprise rise after 5-month fall
by  AFP

Annual inflation in the eurozone rose to seven percent in April, the EU's statistics agency said Tuesday, the first increase after five consecutive months of declines. The data showed that inflation in Germany, the EU's biggest economy, slipped to 7.6 percent in April from 7.8 percent a month earlier.

BP back in Q1 profit after record loss on Russia exit
BP back in Q1 profit after record loss on Russia exit
by  AFP

British energy giant BP reported Tuesday a net profit of $8.2 billion for the first quarter, recovering from a record loss a year earlier as it ended operations in Russia after the Ukraine invasion. BP also revealed that underlying profit dropped by one fifth to $5 billion, reflecting lower energy prices compared with one year earlier.

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