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UK's Compass, world's largest caterer, sees profits triple
UK's Compass, world's largest caterer, sees profits triple
Business and Economy
by  AFP

Britain's Compass, the world's largest caterer, on Monday said annual profits had tripled as companies switched to outsourcing meals in the face of soaring inflation and energy costs. With global inflation at the highest levels in decades on soaring energy and food bills, companies are attempting to save cash by outsourcing to contractors.

China reports more Covid deaths as infections surge
China reports more Covid deaths as infections surge
World
by  AFP

China reported two new deaths from Covid-19 on Monday, both elderly Beijing residents, as several major cities persisted with strict virus curbs despite a much-touted recent loosening. But Asian markets fell Monday as Sunday's Covid death sparked fears officials would reimpose strict, economically painful restrictions.

44 dead as Indonesia quake shakes Java island
44 dead as Indonesia quake shakes Java island
World
by  AFP

A shallow 5.6-magnitude earthquake shook Indonesia's main island Java on Monday, killing at least 44 people and injuring hundreds, local officials said, with buildings damaged and a landslide triggered. A 6.2-magnitude quake that shook Sulawesi island in January last year killed more than 100 people and left thousands homeless. dsa-agn/jfx/mca