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Inflation bites into profits of UK supermarket Tesco
Inflation bites into profits of UK supermarket Tesco
by  AFP

Britain's biggest retailer, supermarket group Tesco, reported Thursday a halving of annual net profit as soaring inflation hiked costs and reduced the amount of goods sold. - 'Painful grocery inflation' - "Tesco has seen profits take a knock as inflation means struggling customers are picking up fewer items while prices soar," noted Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown.

Last-ditch protests in France over Macron's pension reform
Last-ditch protests in France over Macron's pension reform
by  AFP

Hundreds of thousands of people are set to take to the streets across France again on Thursday to protest against President Emmanuel Macron's pension reforms, in a final day of demonstrations before a crucial court decision on the legislation.

Taiwan seeks satellite solutions after undersea cables cut
Taiwan seeks satellite solutions after undersea cables cut
by  AFP

Taiwanese hostel worker Wang Chuang-jen's business took a hammering when undersea telecoms lines serving tiny Matsu archipelago were cut in February. When people called me, the line was cut before I could finish even one sentence," said Wang Chia-Wen, 45.

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