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...
The Asia Pacific Economic Cooperation (APEC) summit in South Korea will be the venue for critical trade talks between President Donald Trump and President...
President Donald Trump has accused Canada of attempting to interfere with US supreme court hearings, citing this as the reason for terminating all trade...
General Motors is riding a wave of favorable policy changes toward a stronger profit outlook. The company's revised financial guidance projects adjusted core earnings...
A new report is sounding a global stagflationary alarm, warning that the economic outlook is "dimming" due to a combination of slowing growth drivers...
While the UK celebrates the gleaming new structure of its record-breaking EV market, a closer inspection reveals potential cracks in the foundation, raising serious...
The global AI arms race has taken a sharp and decisive turn. For years, the competition was about building the biggest "super-weapon"—the largest model...
In a striking demonstration of adaptive strategy, UK steel industry powerhouses Tata Steel and British Steel have paused their long-standing rivalry to form a...
