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TotalEnergies plans to grow oil and gas production until 2030
French energy giant TotalEnergies has announced plans to increase its oil and gas production until 2030, as it seeks to reassure investors about its fundamentals.
Tokyo rallies on weak yen, Hong Kong reverses after surge
Japanese shares rallied Thursday as the yen extended losses after the new prime minister dampened interest rate hike expectations, while Hong Kong sank for the first time in more than a week after a blistering China-fuelled surge.
Biden official urges talks as US port strike enters second day
US dockworkers picketed for a second day Wednesday, garnering support from other labor groups as the Biden administration urged shippers to boost their offer to end a damaging strike weeks before the presidential election. Transportation Secretary Pete Buttigieg said the strike could be ended quickly, arguing that shippers need to share more of the bounty after a period of "unbelievable profits."
Biden official says port strike deal not as far as parties think
Shippers and striking US dockworkers are closer to agreeing on economic terms than they realize, Secretary of Transportation Pete Buttigieg said Wednesday. "We actually think the parties, economically, are not as far apart from each other as they may think," Buttigieg told CNBC a day after the International Longshoremen's Association (ILA) launched a strike at major East and Gulf Coast ports.
Historic funding round values OpenAI at $157 billion
New funding propelled ChatGPT-maker OpenAI to a valuation of $157 billion, the company said on Wednesday, sealing its place as the world leader on artificial intelligence. The company, founded in 2015 and led by Sam Altman, said that investors pumped in $6.6 billion in a funding round that was one of Silicon Valley's biggest ever.
Mixed US car sales in Q3 as industry hopes for post-election bounce
US automakers reported mixed US third-quarter sales, pointing to sluggish demand as consumers contend with affordability challenges and wait for lower interest rates to reach the car lending market.
French luxury goods giant LVMH in F1 sponsorship deal
French luxury goods giant LVMH on Wednesday announced a 10-year sponsorship deal as a global partner of Formula One. “We were thrilled to work with one of the LVMH Maisons during the Las Vegas Grand Prix last year, and to now expand our relationship with the Group as they become a Global Partner." kap/ak/nr/bsp
Macron backs Chinese EV tariffs as Scholz calls for dialogue
French President Emmanuel Macron reaffirmed his support for EU tariffs on Chinese electric vehicles, during a visit to Berlin on Wednesday. "I do support the European Commission on that," Macron said when questioned about the issue at the Berlin Global Dialogue event.
US private sector adds more jobs than expected in September: ADP
US private sector hiring picked up in September, with employers adding more jobs than anticipated, according to data released Wednesday by payroll firm ADP. ADP data showed private sector employment rose by 143,000 jobs, significantly higher than the 120,000 figure that a consensus by Briefing.com expected.
AFP
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