Business

BP Pivots to Core Business, Slashes Value of Green Assets by $5bn

In a move that underscores its renewed commitment to traditional energy, BP stated it would write down the value of its green energy business by as much as $5...

Trump Targets Iran’s Lifelines: New Tariffs Threaten China and India

President Donald Trump has launched a direct economic assault on Iran’s remaining economic lifelines, announcing a 25% tariff...

Trump Shake-Up: Banks Brace for Impact Over 10% Rate Cap

The banking world is scrambling to assess the fallout after Donald Trump announced a controversial new policy to...

Oil Majors Plan Investments with Venezuela Supplying Oil to US Indefinitely

Top executives from Chevron, ConocoPhillips, and ExxonMobil are scheduled to meet President Trump Friday to discuss potential multi-billion...

Corporate Caution Follows Trump’s Bold Venezuela Oil Reconstruction Announcement

President Trump's declaration that US oil majors will invest billions in Venezuela has generated surprisingly muted reactions from...

Oil Prices Plunge Nearly 20% in Steepest Drop Since COVID

Global energy markets suffered their most dramatic annual decline since the coronavirus pandemic, with oil prices tumbling nearly 20% during 2025. The industry now...

$10 Billion Taiwan Defense Deal Prompts China to Sanction 20 US Firms

China has rolled out extensive sanctions against American defense companies in response to President Trump's approval of the most substantial arms sale to Taiwan...

European Dairy Exports to China Face Severe New Tariff Barriers

China has concluded the first phase of an anti-subsidy investigation by imposing provisional tariffs between 21.9% and 42.7% on select European Union dairy imports....

Brussels Confirms No Christmas Relief for UK Exporters Facing New Carbon Documentation Rules

The British manufacturing industry is set to encounter substantial new administrative obligations from January after the government's attempt to secure a pre-Christmas exemption from...

Bank Divided: 5-4 Vote Reveals Deep Split Over Economic Strategy

The Bank of England has lowered interest rates to 3.75%, but the decision has exposed a significant rift among the UK's top economic policymakers....

Operational Shift: Apple’s Plan to Alleviate Engineering Burnout with Split Releases

A significant operational transformation is underway at Apple Inc., aimed at fundamentally changing how the world’s most valuable technology company brings its flagship products...