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...

South Korea to Host Critical Trump-Xi Talks Amid New Tariff Threats

South Korea is set to host a critical meeting between US President Donald Trump and Chinese President Xi Jinping on Thursday. The talks, described...

Elon Musk Makes Last-Minute Pitch for Tesla Pay Package Before Shareholder Vote

With the November 6 shareholder meeting approaching, Elon Musk used Tesla's earnings call as a platform to make a direct appeal for his trillion-dollar...

‘Canada cheated’: Trump accuses ally of interference, ends trade talks

President Trump accused Canada of cheating and interfering in US legal matters, dramatically terminating all trade negotiations with the key ally. The president's anger...

Automaker GM Boosts Earnings Outlook Amid Policy Support

General Motors is painting a more optimistic financial picture as it navigates the complex intersection of trade policy, consumer demand, and technological transition. The...

“Fear Index” Surges Over 22% as Bank Loan Fears Grip Wall Street

The VIX index, Wall Street's "fear index," surged by more than 22% as fresh anxieties over bad loans at US regional banks gripped investors....

The Resilience Riddle: Why is the Global Economy Strong Now But Weak Tomorrow?

A new global economic report presents a riddle: why is the world economy showing "unexpected resilience" today, with growth upgraded to 3.2%, while its...