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BP quarterly profit surges on high energy prices
BP quarterly profit surges on high energy prices
Business and Economy
by  AFP

BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices after key energy producer Russia's invasion of Ukraine but logged a net loss on accounting charges. The group added Tuesday that it faced a net loss of $2.2 billion in the third quarter on large accounting charges.

'Serious blow': Ukraine commander fears loss of Starlink
'Serious blow': Ukraine commander fears loss of Starlink
Business and Economy
by  AFP

Few took Elon Musk's tweeted threat to stop funding Starlink in Ukraine as seriously as the commander in charge of communications along much of the southern front. "If we lose it, it will be a serious blow to our means of communication," the 59th brigade's communications chief said in an interview conducted at a secret location along the southern front.

US publishing mega-merger blocked by federal judge
US publishing mega-merger blocked by federal judge
Business and Economy
by  AFP

A federal judge on Monday blocked publishing giant Penguin Random House from acquiring its competitor Simon & Schuster, siding with the US Justice Department which had argued against the mega-merger. "I am delighted that Judge Florence Pan has blocked the merger of Penguin Random House and Simon & Schuster," the "King of Horror" said in a tweet.