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Maersk ups profit target by $2bn on Red Sea shipping woes
Maersk ups profit target by $2bn on Red Sea shipping woes
by  AFP

Danish shipping giant Maersk said Thursday it expects its underlying profit in 2024 to be $2 billion higher than its previous forecast as freight rates have increased amid the crisis in the Red Sea. The Danish company said it was now expecting its operating profit (earnings before interest, taxes, depreciation, and amortisation or EBITDA) to come in at between $9 and $11 billion for the full year.

Gamers soak up the nostalgia as 'World of Warcraft' returns to China
Gamers soak up the nostalgia as 'World of Warcraft' returns to China
by  AFP

Millennial gamers soaked up the nostalgia and embarked on fresh adventures in a land of orcs, mages and elves Thursday as "World of Warcraft" came back online in China. "We would chat and greet each other and spend the New Year's countdown in World of Warcraft," he said.

BP to develop new oil and gas fields in Iraq
BP to develop new oil and gas fields in Iraq
by  AFP

Iraq signed an agreement with British energy giant British Petroleum on Thursday to develop four oil and gas fields in the northern province of Kirkuk. "The memorandum includes the rehabilitation and development of the four oilfields under the North Oil Company in Kirkuk: the Kirkuk oilfield, Bai Hassan, Jambur and Khabbaz oilfields," the statement said.

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