A day after blockbuster profits from European oil heavyweights, US oil giants ExxonMobil and Chevron reported another round of bumper earnings, prompting fresh attention from the White House.. The eye-popping reports drew a new snipe from President Joe Biden and came on the heels of hefty profits reported earlier this week by TotalEnergies and Shell that have reignited a European debate on windfall profits taxes.
Purchased by Elon Musk for $44 billion, Twitter is popular with politicians, journalists and celebrities, but the social media giant draws a smaller user base than some competitors, including Facebook. . - Less than Facebook - At the end of the second quarter, Twitter counted nearly 238 million daily active users on the platform -- a figure overshadowed by the some 1.98 billion claimed by Facebook.
Auto giant Volkswagen said Friday its recovery in China was accelerating, but sounded a note of caution on geopolitical risks as concerns grow over German dependence on the Asian giant.. - Need to be 'flexible' - Asked about growing tensions over China, Blume responded that the company was keeping an eye on the "geopolitical situation".
ExxonMobil reported a surge in third-quarter earnings Friday, fueled by much higher oil and natural gas prices and robust profit margins for gasoline and other refined products.. Refinery margins were significantly higher than in the year-ago period, but retreated from the second quarter due to loftier output and "flat US gasoline demand," the company said.
Germany's economy unexpectedly grew in the third quarter, official data showed Friday, but slowing growth in France and Spain added to fears that high inflation and an energy crisis will tip the region into recession.. France and Spain meanwhile reported 0.2 percent growth each from July to September, a sharp slowdown however from the 0.5 and 1.5 percent expansion they saw in the previous quarter.
French drug maker Sanofi has revised its outlook for 2022 upwards after reporting strong sales growth in the third quarter on Friday.. While Sanofi faced struggles in producing a jab against Covid, its Dupixent drug, which treats conditions including asthma and eczema, has been a huge success.
European airline group Air France-KLM said Friday that its third quarter revenues had exceeded its pre-pandemic turnover in 2019, fuelled by strong post-Covid demand for travel.. The result exceeded the equivalent figure for 2019, the last pre-pandemic year, by more than 500 million euros.
Shares in British bank NatWest tumbled nine percent Friday following an earnings update that added to concerns that borrowers would be unable to repay loans owing to soaring interest rates.. Shares in NatWest were down nine percent at 225 pence following the update, a much bigger loss than any other company trading on London's benchmark FTSE 100 index.
Swedish prosecutors said Friday they would conduct a new complementary crime scene investigation of the Nord Stream leaks, after the navy and the pipeline owner also began surveys this week.. The new inspection comes as Sweden's navy and the owner of the pipeline Nord Stream AG both announced earlier this week that they were conducting their own inspections of the burst pipelines.
Whether they realised it or not, some 7.6 billion people -- 96 percent of humanity -- felt global warming's impact on temperatures over the last 12 months, researchers have said.. People in tropical regions and on small islands surrounded by heat-absorbing oceans were disproportionately impacted by human-induced temperature increases to which they barely contributed.
