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...

Trump’s Permanent Tariffs: A New Era of Trade Conflict?

Donald Trump's intention to impose permanent tariffs of up to 70% on around a dozen countries, alongside a new 17% threat on European food...

EU’s Tariff Gambit: Avoiding the Worse, Accepting the Less

The EU is playing a strategic tariff gambit, reportedly willing to accept 10% tariffs from the US as part of a "framework" trade deal,...

Santander’s Long-Term UK Play: TSB Acquisition

Santander's £2.65 billion acquisition of TSB represents a significant long-term play in the UK banking market, as outlined by its executive chair, Ana Botín....

Greenback’s Woes: Trade War and Fiscal Uncertainty Lead to Historic Low

The US dollar's woes continue, with a 10.8% decline against a basket of currencies in the first half of 2025, reaching a historic low....

Lotus Confirms Hethel Factory Critical for Global Competitiveness

Lotus has confirmed its Hethel factory in Norfolk is critical for its global competitiveness, reassuring Business Secretary Jonathan Reynolds it has no plans for...

Big Tech Becomes Casualty as US-Canada Trade Relations Hit Breaking Point

The technology sector has become an unexpected battleground in international trade relations as President Trump severed negotiations with Canada over a digital services tax...