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...

UK’s Economic Headwinds: Bank of England Charts a New Course

Facing significant economic headwinds, the Bank of England is set to chart a new course with a widely anticipated interest rate cut this Thursday....

The 39% Tariff: A Heavy Burden on Watches of Switzerland’s Stock

The financial world is on high alert after Watches of Switzerland Group Plc's shares fell by as much as 6% following a new trade...

Trump and EU Strike Major Trade Deal, Averting Tariff War

The United States and the European Union have finalized a major trade agreement after months of tense negotiations, avoiding the threat of a damaging...

Trump Enacts Major Cuts to Foreign Aid and Public Media Funding

President Donald Trump has signed legislation that eliminates approximately $9 billion previously allocated for foreign aid and public broadcasting. This move aligns with Republican...

Chancellor Considers Overruling Supreme Court on Car Finance Payouts

The UK government is considering an unprecedented move to overrule the Supreme Court regarding a potential £44 billion car loan commission scandal. Chancellor Rachel...

EU Steel Industry Reels as U.S. Refuses to Lift 50% Tariff in New Trade Deal Draft

The European Union faces a major setback in trade negotiations with the United States, as a new draft agreement fails to reduce the punishing...