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France says talking to Saudi about Rafale fighter sale
France says talking to Saudi about Rafale fighter sale
Economy
by  AFP

The French government is talking to Saudi Arabia about selling the kingdom Rafale fighter jets, France's defence minister said on Monday. The Rafale, a twin-engine multirole fighter aircraft, is a bestseller for the French arms industry, and helped push French weapons exports to a record high last year.

US oil giant Chevron to buy rival Hess for $53 bn
US oil giant Chevron to buy rival Hess for $53 bn
Economy
by  AFP

US energy giant Chevron will buy its rival Hess for $53 billion in an all-stock deal, the companies announced in a joint statement on Monday. Chevron's deal values Hess's equity at $53 billion, while the total enterprise value of the transaction, including debt, is $60 billion, according to the statement.