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...

U.S. and China to Meet in Geneva as Trade War Pressures Spark Hope for Resolution

GENEVA — In a pivotal step toward easing trade tensions, top U.S. and Chinese officials are set to meet in Switzerland this week, offering...

BMW Cuts 180 Jobs at Mini Oxford Plant as US Tariffs Shake UK Car Industry

BMW has terminated the contracts of 180 agency workers at its Mini plant in Oxford, highlighting the growing strain on the UK automotive industry...

Global Markets Climb Amid Cautious Trading as U.S. Futures Surge

Global stock markets advanced on Thursday despite light trading volumes due to widespread May Day holidays across Europe and Asia. The optimism was driven...

Trump Eases Auto Tariffs to Spur U.S. Manufacturing and Job Growth

President Donald Trump is easing some auto-related tariffs in a strategic shift aimed at boosting domestic manufacturing and preserving jobs. The move comes amid...

Trump Faces GOP Discord as Budget Battles Threaten His Domestic Agenda

As Congress returns to Washington, President Trump’s ambitious budget proposal is encountering early turbulence within his own party. While Republicans control both chambers, deep...

India Ramps Up Russian ESPO Oil Imports as Chinese Demand Wanes

 India has sharply increased its imports of Russia’s ESPO Blend crude in April, capitalizing on reduced Chinese demand and favorable pricing. Supplies to Indian...