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Arsenal post £17.7m loss despite record revenues
Arsenal post £17.7m loss despite record revenues
by  AFP

Arsenal lost £17.7 million in the 2023/24 season despite a return to the Champions League helping to post a club record £616.6 million ($775 million) revenue. However, wages skyrocketed to £327.8 million from £234.8 million.

Canada announces first high-speed rail: Toronto to Quebec City
Canada announces first high-speed rail: Toronto to Quebec City
by  AFP

Prime Minister Justin Trudeau on Wednesday announced Canada's first high-speed rail line, connecting major hubs from Toronto to Quebec City, calling it "the largest infrastructure project in Canadian history." This will be "the largest infrastructure project in Canadian history," Trudeau told a news conference in Montreal.

Glencore looks to leave London Stock Exchange as falls into loss
Glencore looks to leave London Stock Exchange as falls into loss
by  AFP

Swiss mining and commodity trading giant Glencore said Wednesday it was considering shifting its stock listing from London after it stumbled into a net loss last year on falling coal prices and writing down the value of assets. - Coal business take a lump - The company earlier Wednesday reported $1.6 billion net loss for 2024 compared to a net profit of nearly $4.3 billion the previous year.

BAE profits boosted by defence spending amid Ukraine war
BAE profits boosted by defence spending amid Ukraine war
by  AFP

British military equipment maker BAE Systems on Wednesday announced a five percent rise in annual net profit, boosted by government defence spending amid the war in Ukraine. The results came in a week when shares in European defence companies rallied as European leaders gathered in Paris on Monday to discuss the war in Ukraine amid talk of greater defence spending.