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...

US Firms Cite “Unfair” Competition in Plea for New Global Tariffs

Hundreds of American companies, from bike makers to tomato canners, are lodging formal complaints with the US government, demanding new tariffs on foreign goods....

Apple’s Privacy Paradox: Using Google’s Brain While Walled Off on Apple’s Servers

Apple is navigating a complex strategic challenge by finalizing a $1 billion-a-year deal to use Google's Gemini AI for its next-generation Siri, all while...

Is Tesla Too Reliant on Musk? $1T Pay Deal Raises “Key Person Risk” Alarms

Norway's giant sovereign wealth fund is ringing the alarm bell over Tesla's dependence on Elon Musk, citing "lack of mitigation of key person risk"...

Trump-Xi Meeting Adds “Muddle” as Chinese Buyers Balk at Russian Oil

A recent landmark meeting between leaders Donald Trump and Xi Jinping has added to the confusion in the global oil market. While the talks...

Amazon Posts Blowout Profits, Then Defends 14,000 Layoffs as a “Culture” Move

Amazon reported blockbuster third-quarter earnings that crushed Wall Street expectations, with revenue hitting $180.17bn. But the celebration was overshadowed by the company's recent decision...

AI Bubble or $5T Reality? Nvidia’s Rise Sparks Investor Euphoria and Fear

Nvidia officially became the world's first $5 trillion company on Wednesday, a milestone fueled by an explosive boom in artificial intelligence. With shares hitting...