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UBS net profit down in Q3 as revenues fall
UBS net profit down in Q3 as revenues fall
by  AFP

Swiss banking giant UBS on Tuesday reported a fall in net profits in the third quarter, though still better than expected against a backdrop of falling revenues at the investment bank. The figures nonetheless exceeded expectations, with analysts predicting a net profit of around $1.4 billion and revenues of $7.9 billion.

Will Africa's metals boom suffer the same curse as oil?
Will Africa's metals boom suffer the same curse as oil?
by  AFP

Mechanical diggers are hard at work in the bleak landscape of the Moanda open-cast mine in Gabon, using giant jaws to rip out manganese and then dump the ore into trucks with a crash. "If activity is limited to mining and extracting ore, Africa will reap no benefit from the energy transition in Europe.

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