AFP
13875 articles published since 08 Mar 2022
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BP posts record profit, dilutes green target
British energy giant BP on Tuesday announced record annual profit thanks to soaring oil and gas prices, as it watered down its target for cutting carbon emissions. - Emissions target - BP on Tuesday also said its carbon emissions would not fall as quickly as anticipated.
US trade deficit widens in 2022 to record on strong imports
The US trade gap widened to a record in 2022, though expanding less than expected in December, government data said Tuesday, capping off the year on robust imports and strong spending. For all of 2022, the deficit with China widened by $29.4 billion to $382.9 billion in 2022, on higher imports.
AI supercharges battle of web search titans
A new generation of AI chatbots has unleashed a titanic battle between Microsoft and Google for the eyeballs of billions of web users, and the dollars they bring. Microsoft got burnt in 2016 when its teenage AI chatbot Tay was immediately jumped on by Twitter users who got it to spout racist comments.
Electric trucks produce far fewer emissions than diesel: EU report
Electric trucks produce far fewer planet-warming emissions than their diesel counterparts over a lifetime, a report in Europe showed Tuesday, emphasizing that the biggest climate impact comes from driving vehicles and not manufacturing them.
Energy industry must be part of climate fight, says COP president
The energy industry must play a role in the campaign to tackle global warming, the president of this year's UN climate talks said on Tuesday, denying any "conflict of interest". "It's not a conflict of interest, it is in our common interest to have the energy industry working alongside everyone on the solutions that the world needs."
France hit by new strikes, protests over pension reform
Fresh strikes hit trains, schools and refineries in France on Tuesday over an unpopular pension reform pushed by President Emmanuel Macron, with nationwide protests planned for later in the day. The crowds so far have been the largest anti-government protests since 2010 during pension reform by right-wing former president Nicolas Sarkozy.
BNP Paribas posts record profit of 10.2 bn euros
French bank BNP Paribas posted Tuesday a record profit of 10.2 billion euros, the latest in a series of European banks to ride the swell in interest rates to higher earnings. Net banking income -- what a bank earns from interest on loans minus interest paid depositors -- rose nine percent to 50.4 billion euros.
SoftBank Group reports $5.9 bn third-quarter loss on tech slump
Japan's SoftBank Group on Tuesday reported a surprise $5.9 billion net loss in the third quarter, as a slump in the tech sector continued to hit the investment behemoth's bottom line. But it reported a record quarterly net loss for the first quarter, as tech shares tanked on interest rate hikes, a trend analysts said was likely to continue.
Nintendo cuts net profit forecast as chip shortage hits console sales
Nintendo cut its full-year net profit forecast on Tuesday, saying the global chip shortage and other supply chain problems had hit console sales in the nine months to December. But hardware sales by unit declined 21 percent on-year in April-December, "mainly due to a shortage of semiconductors and other component supplies that impacted production until around late summer".
AFP
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