
AFP
18582 articles published since 08 Mar 2022
18582 articles published since 08 Mar 2022
Shell and other energy majors posted sliding net profits Thursday after oil and gas prices weakened in the first half. Spain's Repsol also posted drops in profits on Thursday, a day after similar results reported by Norwegian state-owned energy company Equinor.
Volkswagen said Thursday its profits slipped in the second quarter as it battles to regain ground in China, the German auto giant's most important market. The auto giant nevertheless struck a positive note about its prospects in the major market, saying it was stepping up the pace of "transformation in China".
On the road linking Niger's capital Niamey with the south of the country, illegal fuel warehouses have closed and intrepid black-market touts waving petrol canisters at passing cars have become an endangered species. The current shortage on the black market is causing a rush to the few filling stations, especially in areas close to Nigeria which used to rely heavily on smuggled petrol.
European Central Bank policymakers looked set to deliver another interest rate increase on Thursday as their fight against eurozone inflation reaches the one-year mark with consumer prices still rising fast. Yet consumer prices have continued to rise at a fast clip.
The Russian president will on Thursday host leaders of African countries for a summit in his native Saint Petersburg, as the continent braces for the consequences of Moscow's withdrawal from the Ukraine grain export deal.
Tucked amid shell-pocked buildings and roadside tributes to fallen fighters, a less obvious byproduct of wartime is spreading across Yemen's capital: speciality coffee houses serving steaming cups of top-rated pour-over. "It's a global movement, speciality coffee, but in Yemen it's more emotional."
Equity markets rose Thursday on hopes that the Federal Reserve's latest interest rate hike will be its last as data indicates inflation is being brought under control and the US economy appears set to avert a recession.
The violins reverberate in the ribcage, while cello and bass are felt a little further down, with horns in the shoulders and, more often than not, soloists in the wrists. "Ultimately, the big goal for me is that I will be able to feel a soft violin and it will be so gorgeous to my body and my mind that I would cry," he said.
Nations opposed to deep sea mineral mining and those in favor of exploiting the oceans' depths butted heads in Jamaica on Wednesday, with both sides arguing their position would help protect the planet.
AFP
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