BIZ

Shell 2022 profit more than doubles to record $40 bln

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Fourth-quarter profit of $10 bln beats estimates Shell to repurchase $4 bln in shares Shares up 2.5% by 1002 GMT LONDON, Feb 2 (Reuters) – Shell (SHEL.L) delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after Russia’s invasion … Read more

Samsung’s newest Galaxy S smartphones a test of brand power in weak market

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SEOUL, Feb 1 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest premium smartphones on Wednesday, in a test of its brand power as the market for mobiles undergoes unprecedented contraction. The Galaxy S23 smartphone series has better cameras and faster chips than its predecessor, but analysts said early sales would face weak demand as consumers … Read more

UK regional airline Flybe ceases trading, cancels all flights

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Collapses for second time in three years 276 workers made redundant by administrators About 75,000 customers had future bookings Hurt by delayed delivery of aircraft Rivals seeing rebounding demand LONDON, Jan 28 (Reuters) – British regional airline Flybe on Saturday ceased trading for the second time in three years, with all flights cancelled and 276 … Read more