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Shell says European windfall taxes to cost $2 billion
Shell says European windfall taxes to cost $2 billion
by  AFP

British energy giant Shell on Friday said windfall taxes imposed by the European Union and UK following a surge in profits would cost the group about $2 billion. Shell said in a statement Friday that the impact on fourth quarter earnings of the EU and UK windfall taxes "is expected to be around $2 billion".

Lofty US home prices persist despite interest rate hikes
Lofty US home prices persist despite interest rate hikes
by  AFP

Higher borrowing costs are leading to fewer US home sales, but prices are staying elevated in a holdover from the torrid peak-pandemic market. But that's still up 3.5 percent from the year-ago period and some 30 percent higher compared with May 2020 before the pandemic set the market ablaze.

More political storms for TikTok after US government ban
More political storms for TikTok after US government ban
by  AFP

TikTok faces an uncertain year ahead in the United States as anti-China Republicans take greater control in Congress demanding tighter scrutiny for the highly popular video sharing app. TikTok is the equivalent of "digital fentanyl," said Republican lawmaker Mike Gallagher, one of the leading voices in Congress against China, comparing the app to the deadly opioid.

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