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HSBC says pre-tax profit more than doubled in third quarter
Banking giant HSBC said on Monday that pre-tax profit in the third quarter more than doubled to $7.7 billion, reflecting the "positive impact of a higher interest rate environment". The London-listed lender reported third-quarter revenue grew 40 percent to $16.2 billion as higher rates "supported growth in net interest income in all of our global businesses, and non-interest income increased".
UK prepares to host global leaders' gathering on AI
The UK government will welcome foreign political leaders, tech industry figures, academics and others this week for a two-day summit billed as the first of its kind on artificial intelligence (AI).
Heavy industry turns to carbon capture to clean up its act
For decades heavy industry around Dunkirk in northern France has belched out millions of tonnes of climate-heating gases. The CO2 will then be separated off and piped to a terminal in Dunkirk that will hold 1.5 million tonnes of the gas when it opens in 2028.
Crude slips on easing worries of region-wide Middle East war
Oil prices fell Monday as Israel stepped up ground attacks on Hamas targets in Gaza but held back from a full-on incursion, fanning hopes a wider conflict can be avoided. Thousands of civilians have been killed on both sides since the conflict was triggered by an unprecedented attack on Israel by Hamas on 7 October.
Free trade deal between EU and Australia collapses
A free trade deal between the European Union and Australia has unravelled despite early optimism, with Canberra saying Monday it could take years until negotiations resume. A European Commission spokesperson said it had been optimistic of striking a deal in Osaka, but that Australia had "re-tabled agricultural demands that did not reflect recent negotiations".
Drought and shrinking herds push US beef prices through the roof
A prolonged drought is shrinking livestock herds and driving beef prices to record highs in the US, even as consumption is growing stronger. Incentivized by record prices, many breeders are parting with their heifers earlier, which prevents the herd from growing, according to Baldwin.
Weekly Wrap: Old pic shows Black Coffee and Enhle Mbali, Murdah Bongz spoils Lynn Forbes, Linda Mtoba in love
Black Coffee, Enhle Mbali and Murdah Bongz were in the top news for the week. Linda Mtoba is moving on after a divorce, and Springboks t-shirts sold out in SA.
"My anxiety was so high": 3 Businesswoman share their thoughts on Springboks' win
Three talented businesswomen share with Briefly News how they felt after the Springboks beat New Zealand in the epic Rugby World Cup final on 28 October 2023.
RWC 2023: TikTok video of kid praying in Afrikaans for Springboks win has SA joking her effort paid off
A TikTok video shows a cute girl's earnest prayer for Springboks' Rugby World Cup victory. Mzansi was chuffed her prayer came true SA clinched a historic win.
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