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13876 articles published since 08 Mar 2022

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BP bags bumper 2023 profits, rewards investors
BP bags bumper 2023 profits, rewards investors
Economy

British energy giant BP logged multi-billion-dollar annual profits Tuesday despite lower oil prices and following boardroom turmoil, sending its share price rallying thanks also to more big payouts to investors. Reflecting lower oil prices and refining margins last year, BP revealed Tuesday that underlying profit excluding exceptional items halved to $13.8 billion.

Saudi more than doubles 2030 foreign tourism target: minister
Saudi more than doubles 2030 foreign tourism target: minister
Economy

Saudi Arabia drew 27 million foreign tourists in 2023 and has more than doubled its goal for the end of the decade, an official said on Tuesday. "We have reached 100 million tourists this year, 77 million from home, 27 million from abroad, over 100 million," Tourism Minister Ahmed Al Khateeb said at a conference organised by Saudi Arabia's sovereign wealth fund, describing the 2023 figures.

Nintendo ups net profit forecast on weak yen, steady Switch sales
Nintendo ups net profit forecast on weak yen, steady Switch sales
Economy

Game giant Nintendo raised its annual net profit forecast on Tuesday, saying the weak yen and steady sales of the Switch console, now in its seventh year, would boost earnings. "This fiscal year is the seventh year since the launch of Nintendo Switch, but sell-through has remained steady and there are more annual playing users than ever before," Nintendo said.

Thailand orders close watch on cheap 'elephant pant' imports
Thailand orders close watch on cheap 'elephant pant' imports
Economy

Thailand ordered its ports on Tuesday to keep a close watch out for rogue "elephant pants" being imported to the kingdom, as Bangkok trumpeted its copyright claim to the popular pachyderm print. "We have ordered the surveillance of elephant pants in all ports," Deputy Prime Minister Phumtham Wechayachai told reporters on Tuesday.

Chance for Italy's toxic steelworks to finally go green
Chance for Italy's toxic steelworks to finally go green
Economy

Doctor Maria Grazia Serra's patients have been "breathing, eating and drinking" toxins from Taranto's steelworks for decades, but a dispute over the vast Italian plant could finally see its ecological conversion. She is one of 150 doctors who last month appealed to the government not to waste the opportunity to finally turn the plant around.

Toyota raises annual net profit forecast as chip shortage eases
Toyota raises annual net profit forecast as chip shortage eases
Economy

Japan's Toyota raised its annual net profit forecast to a record high on Tuesday and reported strong sales in all regions in the first three quarters as the global semiconductor shortage eases. Third-quarter net profit soared 86 percent on-year to nearly 1.36 trillion yen, the company said.

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