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BP pledges strategic 'reset' as profit tumbles
BP pledges strategic 'reset' as profit tumbles
Business and Economy
by  AFP

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy. Faced with lower oil and gas prices, Shell also reported a drop to its annual net profits for 2024 last month. ajb/bcp/lth

EU leaders vow 'firm' response to US tariffs
EU leaders vow 'firm' response to US tariffs
Business and Economy
by  AFP

EU chief Ursula von der Leyen vowed on Tuesday to retaliate firmly against US President Donald Trump's decision to impose tariffs on steel and aluminium imports. "I deeply regret the US decision to impose tariffs on European steel and aluminium exports," European Commission president von der Leyen said in a statement.