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...

Small Economy Vulnerabilities Exposed by Great Power Trade Wars

The current trade dispute exposes particular vulnerabilities that small economies face when caught between great power competition. These countries lack individual bargaining power while...

UK Food Industry Adapts to Chinese Import Ingredient Surge

The UK food industry is adapting to a surge in Chinese ingredient imports as overall trade volumes increase. May's 16.1% export growth includes significant...

Gold’s Dip: Market Embraces Risk as Israel-Iran Conflict Ends

Gold experienced a notable dip on Tuesday, as the market embraced risk following the end of the Israel-Iran conflict. Prices fell over 1% with...

Oil Prices Climb as Mideast Truce Remains in Doubt

Oil prices climbed after an initial sharp fall, as the declared Mideast truce between Israel and Iran continued to remain in doubt. Brent crude,...

Inflationary Pressure Rises with Iran Oil Threat

The threat of Iran shutting down shipping in the Strait of Hormuz is creating significant inflationary pressure globally, as a potential oil supply shock...

US-China Trade Talks to Resume in London Next Week, Says Trump

Donald Trump confirmed on Friday that London would host the next significant round of trade discussions between the United States and China on Monday....