BP is strategically clearing the path for incoming CEO Meg O’Neill, announcing a $5 billion writedown on green energy assets just months before she takes the helm. This "kitchen sinking" of bad news is designed to ensure that O’Neill inherits a balance sheet free from the drag of overvalued transition businesses.
The writedown targets the gas and low-carbon divisions, reflecting the company’s pivot away from...
Global markets were thrown into disarray this morning after President Donald Trump issued an "effective immediately" order imposing a 25% tariff on any country trading with Iran. The directive, released via Truth Social, bypassed standard diplomatic protocols and struck directly at the heart of international commerce. By targeting major economies like China, India, and the UAE, Trump has effectively drawn a line in the...
American oil giants are responding with notable caution to President Trump's claims that they're ready to invest billions in Venezuela's oil sector. The conspicuous...
The world's energy markets concluded 2025 with their most dramatic annual decline since the coronavirus pandemic, recording losses approaching 20%. The oil industry now...
Major American defense manufacturers confront comprehensive Chinese sanctions after the Trump administration approved the largest weapons sale to Taiwan in bilateral history. China's foreign...
Beijing has announced provisional anti-subsidy tariffs of 21.9% to 42.7% on European Union dairy products starting Tuesday. Most affected companies will face duties around...
British manufacturers requiring new monitoring equipment or system implementations to comply with carbon documentation requirements face the additional challenge of making these purchases and...
The landscape of smartphone manufacturing is poised for a dramatic transformation as the industry leader prepares to radically alter its product strategy over the...
The social media landscape is shifting with Disney character AI videos through a $1 billion investment and OpenAI partnership. The three-year licensing deal grants...
Mark Zuckerberg is celebrating his latest victory after successfully recruiting Alan Dye, Apple's design chief. Dye will join Meta on December 31st after nearly...
A team of trade negotiators from the Trump administration is scheduled to travel to India next week for continued discussions on a comprehensive commercial...
