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Business

BP’s green energy targets will be tough to meet

LONDON: BP will need to invest tens of billions of dollars over the next decade and may have to accept lower returns than it can get from oil if it is to meet its target of becoming one of the world’s largest renewable power generators.

Business

Egypt’s real rates are world’s highest

CAIRO: Consumer prices in urban parts of Egypt grew at the slowest annual pace since November as the global pandemic weighed on demand and food costs declined.

Corporate News

Nintendo reports five-fold profit jump

TOKYO: Japan’s Nintendo Co Ltd on has reported a more than five-fold jump in quarterly profit, driven by breakout demand for its Switch device and hit title “Animal Crossing: New Horizons” as the coronavirus lockdown lifts the games industry.