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Eurozone dodges recession but gloomy outlook persists
Eurozone dodges recession but gloomy outlook persists
Business and Economy
by  AFP

The eurozone economy showed greater resilience than expected after avoiding a recession in the fourth quarter of 2022, official data showed Tuesday, but the outlook remained gloomy as soaring prices dampen growth. Italy's economy also retreated in the final quarter of 2022, decreasing by 0.1 percent, official data showed on Tuesday.

ExxonMobil reports record profits of $55.7 bn in 2022
ExxonMobil reports record profits of $55.7 bn in 2022
Business and Economy
by  AFP

ExxonMobil reported record annual profits of $55.7 billion in 2022 on Tuesday, reflecting higher commodity prices amid recovering demand and the impacts of Russia's invasion of Ukraine. In the fourth quarter, profits rose 43.7 percent to $12.8 billion, thanks to higher oil and natural gas prices and better refining margins compared with the year-ago period.