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Energy giant Shell announces rise in profits
Energy giant Shell announces rise in profits
Business and Economy
by  AFP

British energy giant Shell on Thursday said net profit rose 4.5 percent to $7 billion in the third quarter from a year earlier, as it benefits from high oil prices. Over the first nine months of 2023 Shell's profit was however down sharply, reflecting lower oil prices year-on-year.

Japan PM unveils $113 bn stimulus as poll numbers slump
Japan PM unveils $113 bn stimulus as poll numbers slump
Business and Economy
by  AFP

Japanese Prime Minister Fumio Kishida announced a stimulus package worth more than $100 billion on Thursday as he tries to ease the squeeze from inflation and rescue his premiership with his poll ratings at a record low. Poll ratings for Kishida are at their lowest levels since he took office two years ago, in part because of voter unease over inflation.