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BP pledges strategic 'reset' as profit tumbles
BP pledges strategic 'reset' as profit tumbles
by  AFP

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy. Faced with lower oil and gas prices, Shell also reported a drop to its annual net profits for 2024 last month. ajb/bcp/lth

Gucci owner Kering's annual profit plunges
Gucci owner Kering's annual profit plunges
by  AFP

Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative director in a bid to revive the struggling fashion house.

EU leaders vow 'firm' response to US tariffs
EU leaders vow 'firm' response to US tariffs
by  AFP

EU chief Ursula von der Leyen vowed on Tuesday to retaliate firmly against US President Donald Trump's decision to impose tariffs on steel and aluminium imports. "I deeply regret the US decision to impose tariffs on European steel and aluminium exports," European Commission president von der Leyen said in a statement.

New Zealand rethinks opposition to deep-sea mining
New Zealand rethinks opposition to deep-sea mining
by  AFP

New Zealand is considering withdrawing its support for an international ban on deep-sea mining, the country's resources minister told AFP on Tuesday. "We're talking about this with our foreign affairs minister," he told AFP in an interview.

Asian markets swing as tariff uncertainty looms large
Asian markets swing as tariff uncertainty looms large
by  AFP

Asian markets were mixed Tuesday following the previous day's global rally as traders keep a nervous eye on Donald Trump's next moves after he signed off on 25 percent tariffs for steel and alumium imports, having warned of more measures to come.

YouTube, the online video powerhouse, turns 20
YouTube, the online video powerhouse, turns 20
by  AFP

YouTube has evolved from a dinner party lark 20 years ago into a modern lifestyle staple poised to overtake US cable television in paid viewership. - 'Part of me' - YouTube is projected to surpass all US cable television services in paid subscribers within two years, according to Benes.