It was more than 20 years ago that the then boss of BP reframed those famous initials as “Beyond Petroleum”. It was the first tentative step in transforming the company…
Category: Business News
UK: BP shuns renewables in return to oil and gas
BP has announcedit will cut its renewable energy investments and instead focus on increasing oil and gas production. The energy giant revealed the shift in strategy on Wednesday following pressure…
USA: Tesla shares slump after European sales fall
Shares in electric car maker Tesla have slumped more than 9% after EU and UK sales fell by almost half in January. The drop in Tesla shares took the company’s…
India: Nearly one and half billion citizens have no spending money – report
India is home to 1.4 billion people but around a billion lack money to spend on any discretionary goods or services, a new report estimates. The country’s consuming class, effectively the potential…
USA: House passes Trump-backed spending bill
Republicans in the US House of Representatives narrowly passed a multi-trillion dollar government spending bill on Tuesday, a major boost for President Donald Trump that advances his 2025 agenda. The…
Ukraine: Minerals deal agreed with US
Ukraine has agreed the terms of a major minerals deal with the US, a senior official in Kyiv has said. “We have indeed agreed it with a number of good…
USA: Judge declines to immediately restore AP access to White House
A US judge has declined a request by the Associated Press to immediately restore its access to presidential events after the Trump administration blocked the agency in a dispute over…
USA: Greenpeace risks bankruptcy at US pipeline trial
Greenpeace has said that a lawsuit brought by an energy company over the Dakota Access Pipeline could wipe it out. The Texas-based company, Energy Transfer, alleges protest tactics by Greenpeace…
Singapore: Major Asia bank DBS to cut 4,000 roles as AI replaces humans
Singapore’s biggest bank says it expects to cut 4,000 roles over the next three years as artificial intelligence (AI) takes on more work currently done by humans. “The reduction in…