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...

A “Powerful Driver of Change”: Campaigners Defend EV Mandate Amidst Industry Attack

Despite a fierce attack from the auto industry, climate campaigners have defended the UK's Zero Emission Vehicle (ZEV) mandate as a "powerful driver of...

The €161 Billion Question: Can Germany Shepherd the EU Towards a Quick Deal

With €161 billion in annual exports to the US on the line, Germany now faces the monumental task of shepherding a divided European Union...

The Race for Chrome: Perplexity’s $34.5 Billion Takeover Attempt

In a major development, AI startup Perplexity has offered $34.5 billion to acquire Google's Chrome browser. The offer comes at a crucial time for...

The Great Unwinding: Trump Policy Dismantles US Wind Market, Sinks Ørsted

A great unwinding of the US wind market is underway, with a new Trump administration policy dismantling the sector and sinking one of its...

Sterling Strengthens as Governor Signals End to Easy Money Era

The monetary policy committee has approved another interest rate decrease, reducing the key rate by 0.25% to 4% in the fifth such action this...

Tesla’s Board Takes Action to ‘Honour the Bargain’ with $29B Award for Musk

Tesla’s board of directors has taken action to "honour the bargain that was struck in 2018" by approving a new $29 billion stock award...