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Record loss for Russia's Gazprom as European market closed

Russian energy giant Gazprom said Thursday it suffered a record annual loss last year as the European market was practically shut to its gas exports due to sanctions over Moscow's military operation in Ukraine. Exports to Europe have long been Gazprom's top earnings source, but following the start of the conflict in Ukraine European nations sought to reduce their reliance upon Russian natural gas.

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GSK profit drops in first quarter on higher costs

British drugmaker GlaxoSmithKline on Wednesday said its net profit fell 23 percent in the first quarter as the company faced higher exceptional costs compared with a year earlier. Following the update, the group's share price edged up 0.1 percent in early trading on London's top-tier FTSE 100 index, as the group also upgraded its full-year outlook for sales.

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Canada's first new oil pipeline in decades starts operating

The first major new oil pipeline to be built in Canada in decades is set to open on Wednesday, praised by proponents but panned by environmentalists worried about the consequences of more crude production.

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Yen slides to fresh 34-year low against dollar, stocks rally

The yen slumped to a fresh 34-year low against the dollar on Monday, fuelling expectations Japanese authorities would step in to support their currency for the first time since late 2022. The yen slipped to 160.17 to the greenback in morning trade, stirring speculation that Japanese authorities would intervene to arrest its slide.

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South Africa, Egypt, 9 Others Rank High as African Countries With Highest Paying Jobs For Immigrants

South Africa, Mauritius, Kenya, and Egypt are among the 11 African countries with high-paying jobs for immigrants on the continent as Nigeria ranks far on the list.

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