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Strong pricing boosts Caterpillar profits
Strong pricing boosts Caterpillar profits
Economy
by  AFP

Caterpillar reported a jump in profits Thursday as strong pricing for industrial machinery made up for lower volumes, enabling record shareholder payouts. But profits jumped 47 percent to $2.9 billion.

'Extreme' climate blamed for world's worst wine harvest in 62 years
'Extreme' climate blamed for world's worst wine harvest in 62 years
Economy
by  AFP

World wine production dropped 10 percent last year, the biggest fall in more than six decades, because of "extreme" climate changes, the body that monitors the trade said Thursday. France bucked the falling harvest trend, with a four percent rise, making it by far the world's biggest wine producer.