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Norway to offer record number of Arctic oil, gas exploration blocks
Norway to offer record number of Arctic oil, gas exploration blocks
by  AFP

Norway on Tuesday said it plans to offer a record number of gas and oil exploration blocks in the Arctic, with environmental NGOs condemning an "aggressive" promotion of fossil fuels. The NGO said the proposal would violate the commitment not to explore virgin territory as some blocks were to be located far from existing infrastructure.

3M to cut 2,500 jobs as it girds for tougher economy
3M to cut 2,500 jobs as it girds for tougher economy
by  AFP

3M announced Tuesday it will cut 2,500 manufacturing jobs as the industrial giant reported lower profits and offered a lackluster 2023 outlook based on weakening demand. "Based on what we see in our end markets, we will reduce approximately 2,500 global manufacturing roles –- a necessary decision to align with adjusted production volumes," he said.

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