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Shipping giant Maersk's profit sinks, warns of Red Sea risk
Shipping giant Maersk's profit sinks, warns of Red Sea risk
Economy
by  AFP

Shares in shipping giant Maersk dived on Thursday after it warned of an uncertain 2024 earnings outlook linked to an oversupply of container vessels and Yemeni rebel attacks in the Red Sea. The "oversupply challenges" in the maritime shipping industry are expected to "materialise fully" over the course of 2024, Maersk said.

Unilever profit drops as sales flatten after price hikes
Unilever profit drops as sales flatten after price hikes
Economy
by  AFP

British consumer goods giant Unilever on Thursday said its net profit dropped 15 percent last year to 6.5 billion euros ($7 billion) as sales flattened as the group hiked prices. Group revenue dipped 0.8 percent to 59.6 billion euros last year compared with 2022.