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...

Overcapacity and Tariffs: A Double Blow for Europe’s Ailing Steel Sector

Europe's ailing steel sector is reeling from a devastating double blow: a pre-existing crisis of overcapacity and cheap foreign imports, now compounded by an...

The 100% Problem: Can UK Pharma Survive a Tariff Apocalypse?

The United Kingdom's pharmaceutical industry is staring into a potential abyss, confronting a "100% problem" that poses an existential threat to its business model....

Global Electricity Demand: Wind and Solar to Meet 80% of Growth by 2035

Wind and solar power generation are set to meet more than 80% of the increase in global electricity demand by 2035, a major milestone,...

Investing in Intelligence: Nvidia’s Transformation into an AI Architect

This week’s $100 billion pact with OpenAI marks the final stage of Nvidia's transformation from a high-performance chipmaker into the master architect of the...

Starmer’s Government Touts Google’s £5B as Proof of UK’s Economic Appeal

Prime Minister Keir Starmer’s government is touting a £5 billion ($6.80 billion) investment from Google as definitive proof of the UK's enduring economic appeal....

Just Wasting My Time’: Trump’s Transactional View of Alliances

President Donald Trump has once again revealed his deeply transactional view of international alliances, warning NATO partners that they are "just wasting my time"...