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Hong Kong posts 3.1% growth, warns of trade war 'risk'
Hong Kong posts 3.1% growth, warns of trade war 'risk'
by  AFP

Hong Kong's economy grew by 3.1 percent in the first quarter of the year, the city's government said Friday, though it warned US tariffs had heightened "downside risks" in the global economy. But officials warned that with the sharp increase in global tensions "the downside risks surrounding the global economy have heightened visibly".

Shell net profit sinks 35% in first-quarter as oil prices fall
Shell net profit sinks 35% in first-quarter as oil prices fall
by  AFP

British energy giant Shell on Friday reported a sharp drop in first-quarter net profit as it was hit by weaker oil prices but pushed ahead with shareholder returns. BP this week reported that its net profit dropped 70 percent in the first quarter to $687 million, driven by weaker gas sales and lower refining margins. ajb/yad

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