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Shell profit rockets on high oil prices
Shell profit rockets on high oil prices
Business and Economy
by  AFP

British energy giant Shell said Thursday that its net profit soared more than five-fold to $18 billion in the second quarter, fuelled by resurgent oil and gas prices, and rewarded shareholders with another bumper buyback. France's TotalEnergies said Thursday that net profit more than doubled in the second quarter to 5.7 billion euros ($5.8 billion) from a year earlier.

US Senate passes bill to boost domestic chip manufacturing
US Senate passes bill to boost domestic chip manufacturing
Business and Economy
by  AFP

The US Senate passed a bill on Wednesday to boost domestic production of semiconductors, the in-demand microchips that power everything from smartphones to cars to weapons. The version of the CHIPS Act passed Wednesday provides $39 billion to finance semiconductor manufacturing plants in the United States and another $13 billion for research.

UK sea levels rising quicker than century ago: study
UK sea levels rising quicker than century ago: study
World
by  AFP

Sea levels are increasing around Britain at a far faster rate than a century ago while the country is warming slightly more than the global average, leading meteorologists said Thursday. Meteorologists noted in the report that sea levels over the last three decades had increased in some places at more than double the rate recorded at the start of the 1900s.