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...

Chancellor’s New Roadmap: Motability Scheme Aligns with National Industrial Strategy

In a strategic maneuver designed to bolster the United Kingdom's industrial base ahead of the upcoming budget, Chancellor Rachel Reeves has endorsed a significant...

China’s Anti-Poverty Triumph Exposes America’s Policy Choices

China’s economic transformation has few parallels. In 1990, extreme poverty was almost universal. By 2019, China had effectively eradicated it. The United States, armed with...

Trump’s Chip Tariff Rollout Slows as Officials Warn Against Trade Escalation

A cornerstone of Donald Trump’s economic strategy — hefty semiconductor tariffs — may be delayed, according to people familiar with internal policy debates. The...

Scunthorpe’s Steel Future Hangs in Balance Despite Minister’s EAF Backing

Despite the Business Secretary's strong backing for a move to electric arc furnaces (EAFs), the future of the British Steel plant in Scunthorpe remains...

Powell Praises Bostic’s “Steady Voice” as Atlanta Fed President Announces Retirement

Federal Reserve Chair Jerome Powell offered high praise for Raphael W. Bostic, the president of the Atlanta Fed, who announced he will retire in...

SoftBank Rebalances Portfolio, Sells Nvidia Stake Amid AI Hype

SoftBank has cashed out of Nvidia for $5.8 billion, rechanneling funds to its OpenAI investment as concerns mount over an AI-bubble in tech markets....