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ArcelorMittal profit falls after Kazakhstan mine disaster
ArcelorMittal profit falls after Kazakhstan mine disaster
Economy
by  AFP

Global steel giant ArcelorMittal Thursday posted a tenfold drop in net profit in 2023, taking hits from a withdrawal from Kazakhstan following a fatal mining accident and from its faltering Italian operations. ArcelorMittal said its withdrawal from Kazakhstan cost the company $2.4 billion.

Gucci owner Kering profits slump in 'trying year'
Gucci owner Kering profits slump in 'trying year'
Economy
by  AFP

French luxury giant Kering on Thursday reported a drop in 2023 earnings but vowed to press on with its investment strategy to put flagship brand Gucci "back on track". "Our priority is to get Gucci back on track," Pinault said, warning that this "won't happen overnight".