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Profits dip at ExxonMobil, Chevron on lower crude prices
Profits dip at ExxonMobil, Chevron on lower crude prices
Economy
by  AFP

US oil giants ExxonMobil and Chevron reported lower earnings Friday as the decline in oil prices offset the lift from higher production. The results showed the impact on earnings from crude oil prices in the $60-$70 per-barrel range, down about $10 from the 2024 period.

French lawmakers reject wealth tax proposal in budget debate
French lawmakers reject wealth tax proposal in budget debate
Economy
by  AFP

France's lower house on Friday rejected a wealth tax proposed by the left, which has threatened to bring down the government if a levy on the super-rich is not in the budget. The lower house of parliament also voted down a "Zucman-light" proposal from the Socialists.