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Shell halts Red Sea shipments over attack fears: report
Shell halts Red Sea shipments over attack fears: report
Economy
by  AFP

British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Huthi rebels, according to a media report Tuesday. The oil major's decision comes after Britain's BP said in December that it would suspend transit of oil through the Red Sea.

Sixt to buy up to 250,000 Stellantis cars
Sixt to buy up to 250,000 Stellantis cars
Economy
by  AFP

German car rental group Sixt said Tuesday it has agreed to buy up to 250,000 cars from automaker Stellantis in a "multi-billion euro" deal that includes electric vehicles. Stellantis groups 14 brands including Peugeot, Alfa Romeo, Chrysler, Fiat, Opel and Jeep.

Volocopter flying taxi seeks to seduce Paris
Volocopter flying taxi seeks to seduce Paris
Economy
by  AFP

A German company is seeking to use the exposure generated by the Paris Olympics to overcome the opposition of local politicians and demonstrate that flying taxis can serve the French capital. Volocopter hopes that by being certified in Paris -- which has some of the strictest regulations for over-flights -- it can prove that flying taxis aren't just science fiction gimmicks.

Goldman Sachs Q4 profits jump 58% to $1.9 bn on strong equity trading
Goldman Sachs Q4 profits jump 58% to $1.9 bn on strong equity trading
Economy
by  AFP

Goldman Sachs reported a jump in fourth-quarter profits Tuesday as a surge in revenues for equity trading offset weaknesses in other areas, including merger advising revenues. Goldman Sachs' revenues tied to equity trading surged 26 percent in the quarter, while the banks own holdings in public equities also enjoyed a hefty increase during a heady period for US stocks.