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BP faces angry shareholders over climate plans
BP faces angry shareholders over climate plans
Business and Economy
by  AFP

Energy giant BP on Thursday faces a shareholder revolt over its decision to slow its energy transition, with activist investors promising to block the re-election of the head of the board of directors. "We recognise that some shareholders and other stakeholders may have different perspectives on the decisions we take," the BP board said in response to the resolution.

Meta surges as earnings beat expectations after belt tightening
Meta surges as earnings beat expectations after belt tightening
Business and Economy
by  AFP

Shares in Facebook parent Meta surged Wednesday after the internet titan reported it made a profit of $5.7 billion in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs. The profit came on revenue of $28.6 billion and as the number of people using Facebook every month grew to just shy of three billion, an earnings report showed.

Fugees rapper Pras Michel guilty in corruption scheme
Fugees rapper Pras Michel guilty in corruption scheme
Business and Economy
by  AFP

Pras Michel, a rapper in the 1990s hit trio The Fugees, was found guilty Wednesday of helping funnel money from a billion-dollar Malaysia scam into US politics. Michel helped Low funnel the donations through shell companies, breaking laws that make it illegal for foreign nationals to contribute money to US political campaigns.