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...
Britain has entered into a pharmaceutical trade agreement with the United States that commits the National Health Service to increasing expenditure on innovative medicines...
The UK government has secured a major win following the budget, with JP Morgan and Goldman Sachs announcing significant new investments totaling billions, hours...
The system providing subsidized vehicles to disabled drivers is undergoing substantial restructuring through Motability's latest comprehensive policy announcement. The scheme has revealed plans to...
China’s breathtaking achievement of eliminating extreme poverty, defined by living on less than $3 a day, for nearly one billion people between 1990 and...
US officials are reportedly creating strategic wiggle room around the implementation timeline for the much-anticipated semiconductor tariffs, a significant economic policy originally championed by...
The £2.5 billion fund the government pledged for the steel industry's future is in peril, with Business Secretary Peter Kyle confirming "hundreds of millions...
Citing an "unfair" advantage for foreign competitors, American companies like Guardian Bikes and Red Gold have petitioned the US government for new tariffs on...
Google's Gemini AI is set to become the $1 billion-a-year "behind-the-scenes" engine for Apple's Siri. This deal, a major victory for Google, will embed...
The "total size" of Elon Musk's proposed $1 trillion pay package has become the central point of contention, leading Norway's sovereign wealth fund to...
The high-stakes meeting between Donald Trump and Xi Jinping has created a "muddle" for the global oil market. Chinese refiners were left guessing as...
