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Exxon sticks to paying debts as peers revive share buybacks

Bloomberg Exxon Mobil Corp’s knockout second-quarter results did little to entice investors because much of the extra cash coming from soaring energy and petrochemical prices will be used to pay down debt rather than reward shareholders. The oil giant and rival Chevron Corp swung to their biggest profits since pre-pandemic days, fuelled in large part by stellar performances from their ...

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Brexit’s feared diplomatic crises have already begun

Among the arguments that persuaded British people like me to oppose Brexit was that it would create a raft of new diplomatic headaches the UK does not need, in exchange for an anemic sort of new “freedom.” True, the European Union is a mess: I do not think it can survive into the next decade without radical upheaval. But it ...

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Olympic highlights Japan’s struggles

One biracial athlete carried Japan’s flag at the opening ceremony of the Tokyo Olympics, another lit the cauldron and both global sports stars put a spotlight on what has been dubbed the “Unity in Diversity” games. Flag-bearer and NBA player Rui Hachimura and four-time Grand Slam tennis champion Naomi Osaka were front and center at the start of the games ...

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