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Huawei revenue down 2.2% in first three quarters of 2022
Huawei revenue down 2.2% in first three quarters of 2022

Revenue at Chinese telecom giant Huawei fell by 2.2 percent year on year in the first three quarters of 2022, company data showed Thursday, as Covid-19 and US sanctions dragged down sales. The 2.2 percent fall in revenue in the first three quarters is significantly lower than the 32 percent revenue plunge it logged in the same period last year, showing slowing decline.

TotalEnergies's 'superprofit' renews windfall tax debate
TotalEnergies's 'superprofit' renews windfall tax debate

TotalEnergies said Thursday surging global oil and gas prices helped it post a massive jump in profits in the third quarter as France is riven over taxing windfall profits of energy companies. Its gas and renewables unit made a record net operating profit of $3.6 billion, a jump from $1.1 billion in the previous quarter.