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...

Oval Office Goodbye: Musk’s Disappointing Farewell to Public Service

Elon Musk's Oval Office goodbye marked a disappointing farewell to his brief foray into public service, as his 138-day tenure as a "special government...

Trump’s New Steel Tariff: 50% & Japan Deal Sparks Confusion on US Steel Future

President Trump, speaking from a US Steel plant in Pennsylvania, on Friday announced a doubling of foreign tariffs on steel imports to 50%, while...

Trump’s Tariff Authority Questioned: Appeals Court Grants Temporary Stay

The legal foundation of President Trump's tariff authority has been questioned by a US trade court, which ruled his tariffs illegal. However, an appeals...

Taxpayers Spared as Starling Accepts Blame for £28M Covid Loan Debacle

In a notable move, Starling Bank has announced it will not pass on £28 million in Covid-19 "bounce back loan" losses to taxpayers, openly...

Nvidia’s Chinese Gamble Backfires: $50B Market Opportunity Slips Away

Nvidia's calculated bet on the Chinese artificial intelligence market has turned into a costly miscalculation, with the company now facing $5.5 billion in charges...

Brussels Races Against Time as Trump Stalls Tariffs

The European Union is accelerating efforts to broker a trade deal with the United States after a temporary reprieve from new tariffs. President Trump...