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...

Goldman Sachs to cut about 3,200 jobs after cost review

According to reports from undisclosed sources, Goldman Sachs Group is set to commence a significant round of layoffs across the company this week in...

After mass layoffs, CEO Sundar Pichai to take salary cut

During a recent town hall meeting, Alphabet CEO Sundar Pichai revealed plans for a significant reduction in annual bonuses for all positions above the...

Global aviation organisation ICAO rejects Spicejet’s audit story

New Delhi: Following SpiceJet's recent claim regarding the strength of its safety processes after an audit by the International Civil Aviation Organisation (ICAO), the...