BP insists it is not slowing green transition to cash in on high oil prices
The boss of BP’s US enterprise has insisted that the corporate is sticking with its promised transition away from fossil fuels though it plans an aggressive oil output improve within the nation and is slowing down its deliberate manufacturing cuts…
UN high seas treaty to protect oceans finally agreed
International locations around the globe have agreed a historic deal to guard oceans that lie exterior nationwide boundaries after practically twenty years of on-off negotiations. The UN Excessive Seas Treaty, which can intention to guard 30 per cent of worldwide…
China sets 5 per cent growth target to drive economic recovery
China has set a progress goal of “round 5 per cent” for 2023 as Beijing seeks to revive investor confidence after the injury wrought by President Xi Jinping’s draconian zero-Covid regime final 12 months. The determine, which was in step…
Fed’s Daly says US rates likely to be higher for longer
Federal Reserve officers are converging round the necessity to maintain US rates of interest excessive for longer, reflecting concern about current hotter-than-expected inflation knowledge and worries about international financial developments that would gas worth pressures. “With a purpose to put…
Why the Jeffrey Epstein scandal continues to haunt JPMorgan and Barclays
For nearly a decade, executives at JPMorgan Chase have been capable of keep away from questions on their choice to maintain Jeffrey Epstein on as a shopper whereas the convicted intercourse offender allegedly trafficked and abused dozens of teenage ladies….
As China’s politicians gather, the ghosts of zero-Covid live on
China’s Nationwide Individuals’s Congress, the nation’s legislature, assembles in Beijing at roughly the identical time yearly. However this spring, the gathering is timed to perfection. It’s the first main political occasion after the ending of Covid restrictions in December and,…
US stocks rise as Treasury yields retreat from recent highs
US shares rose on Friday as Treasury yields dropped from current highs and traders weighed the newest financial knowledge on the finish of per week during which the outlook for rates of interest has remained in sharp focus. The blue-chip…
UK watchdog launches enforcement probe into LME’s nickel trades
The London Metallic Change faces the prospect of hefty fines and censure after the UK’s prime monetary regulator launched an enforcement investigation into the corporate over the choice to freeze billions of {dollars}’ price of nickel trades throughout final yr’s…
Tencent boss Pony Ma left out of China’s signature political gathering
Tencent founder Pony Ma has been left off a listing of delegates to China’s annual parliamentary session this week because the nation’s most outstanding tech leaders lose sway in Beijing. His absence from the signature Nationwide Folks’s Congress is one…
US stocks fall and dollar strengthens on latest economic data
US shares declined and the greenback strengthened on Thursday after recent financial knowledge added to investor considerations that rates of interest are set to remain increased for longer than beforehand forecast. Wall Avenue’s benchmark S&P 500 fell 0.2 per cent…