Latest in Low energy prices sting Aramco profits and squeeze Saudi development plans
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Low energy prices sting Aramco profits and squeeze Saudi development plans
Saudi Arabia’s state-owned oil giant Aramco has reported a $106.25 billion profit in 2024, down 12% from the prior year on lower energy pricesABC News - 1d -
Saudi oil giant Aramco posts drop in full-year profit, slashes dividend
Saudi state oil producer Aramco reported a decline in net profit in 2024 and warned of a dividend cut.CNBC - 1d -
Saudi Aramco chief says DeepSeek AI makes ‘big difference’ to operations
World’s largest oil company using Chinese AI software in its data centre in DammanFinancial Times - 1d -
Low-cost carrier FlyDubai sees record $611 million profit in 2024
The low-cost carrier FlyDubai says it earned a record-breaking profit of $611 million in 2024, buoyed by higher passenger numbers and lower fuel costsABC News - Feb. 24 -
Can I fix my energy prices?
Gas and electricity bills will rise again on 1 April, when the latest energy price cap takes effect.BBC News - Feb. 25 -
Shein profits slump in fresh challenge to long-planned London IPO
Competition from Temu adds to pressure on fast-fashion group’s valuation as it seeks approval for UK listingFinancial Times - Feb. 23 -
Judge Denies Musk’s Request to Block OpenAI’s For-Profit Plan
The court said that Elon Musk could proceed with other parts of a lawsuit he brought against OpenAI last year.The New York Times - 13h -
Trump plan to freeze funding stymies Biden-era energy rebates for consumers
Some states have paused their Home Energy Rebate programs, created by the Inflation Reduction Act, amid a federal funding freeze.CNBC - 6d -
Agriculture secretary outlines plan to lower egg prices
U.S. Department of Agriculture (USDA) Secretary Brooke Rollins outlined a “five pronged strategy” to lower the cost of eggs in a Wednesday Wall Street Journal op-ed citing the avian flu as an ...The Hill - Feb. 26 -
Sources: Arsenal plan to raise fan ticket prices
Arsenal are set to increase ticket prices once again next season by an average of 3.7%, sources have told ESPN.ESPN - 3h -
Mohammed bin Salman wants an alternative to Trump’s Gaza plan – but one that most benefits Saudi Arabia | Madawi al-Rasheed
The crown prince sees Hamas as a regional threat, and may propose a deal that risks sidelining Palestinians. Saudi Arabia has suddenly experienced a diplomatic awakening after lukewarm engagement ...The Guardian - Feb. 21 -
Tariffs will wipe out all profits for Detroit's Big Three if they don't raise prices, estimates Barclays
U.S. President Donald Trump’s recent levies could eradicate the profits of “Big Three” automakers General Motors, Ford and Stellantis, according to Barclays.NBC News - 1d -
We're raising our Coterra Energy price target after a solid quarter, slight outlook tweak
Capital efficiency was a highlight with output levels above management's outlook range and spending near the low end.CNBC - Feb. 25 -
Trump tariffs will raise gasoline and electricity prices in the U.S., Canada energy minister says
Canadian Energy Minister Jonathan Wilkinson said tariffs are a "lose, lose proposition" for the U.S. and Canada.CNBC - 1d -
Oil prices hold at 2025 lows on tariff fears, prospects for end to war in Ukraine
Oil futures settled lower Wednesday, with concerns over the global economic outlook and potential for an end to Russia’s war against Ukraine that could lift sanctions on Moscow prompting prices to ...MarketWatch - 6d -
No crowds, low prices – and plenty of sunshine: an off-season family surf trip in the Algarve
A late winter break in Portugal’s Praia da Luz offers warm weather, quiet beaches and solitary hikes. Standing on the sun-warmed sand, we watch swell lines rolling towards the shore. Surfers dot ...The Guardian - 1d -
Oil price tumbles to three-year low on fears trade war will hit demand
Brent drops below $70 a barrel following larger-than-expected increase in US crude stocksFinancial Times - 2h -
China likely to cut inflation outlook to two-decade low, lay out stimulus plans at 'Two Sessions' meeting
Beijing is expected to revise down its annual consumer price inflation target to around 2% — the lowest in more than two decades — from 3% or higher in prior years.CNBC - 6d -
Canopy Growth’s stock falls to all-time low on pot company’s share-sale plans
Canopy Growth Corp.’s stock fell 9% to an all-time low on Monday after the cannabis company said it would sell up to $200 million of its stock.MarketWatch - 2d -
What Alphabet's plan to launch a lower-price YouTube product means for the stock
The emphasis on YouTube subscriptions is a key part of the Alphabet story as it diversifies the company away from advertising.CNBC - Feb. 22 -
Oil prices end lower on plans for OPEC+ output hike and Trump’s tariffs
Oil futures declined Monday after OPEC+ said it will boost output starting in April, and as President Donald Trump’s planned tariffs on imports from Canada and Mexico threatened to slow demand for ...MarketWatch - 1d -
Oil Prices Fall After OPEC Plus Affirms Plan to Raise Production
The Saudi-led cartel said its members would start gradually pumping more oil in April.The New York Times - 1d -
M4 death investigated after online 'predator' sting
Police arrested the man after accusations against him were live streamed on social media.BBC News - Feb. 24 -
Restructuring activity rises as companies feel the squeeze
Consultants predict a wave of work this year from UK businesses facing financial pressureFinancial Times - 6d -
Bird flu ravaged this farmer’s chickens. Here’s his plan to lower egg prices.
The U.S. needs to make sure USDA has enough staff to conduct research, monitor outbreaks and support farmers.MarketWatch - 6d -
UK proposes North Sea tax plan to peg payments to oil and gas prices
Consultation will explore mechanism that would replace controversial ‘windfall tax’ after 2030Financial Times - 7h -
Oil touches lowest prices since September on tariff worries, OPEC+ output plans
Oil headed lower for a fourth straight session Wednesday, with crude prices hitting their lowest levels since September, on prospects for a global trade war that could dent demand and plans by ...MarketWatch - 3h -
Walmart’s Gloomy Sales Forecast Shows Customers Are Still Feeling the Inflation Squeeze
The company’s earnings forecast for the fiscal year fell below analysts’ expectations.Inc. - Feb. 20 -
Bucha, Site of Massacre, Feels Sting of Trump Shift on Ukraine
Residents of a Ukrainian suburb that was the site of notorious attacks on civilians after Russia invaded are alarmed by President Trump’s warm words for Moscow.The New York Times - Feb. 20 -
No free lunch at Manchester United as Jim Ratcliffe puts squeeze on spending
Football club could also lay off as many as 200 people in Jim Ratcliffe’s latest round of spending cutsFinancial Times - Feb. 24 -
Why Demi Moore’s Oscar Loss to Mikey Madison Stings for Some Fans
Moore had been considered a favorite for her strong performance in “The Substance,” but Madison won for “Anora.”The New York Times - 1d -
PlayStation Lays Off More Developers
PlayStation has conducted another round of layoffs, this time impacting the Visual Arts team as well its Malaysian studios.. Several now-former employees of PlayStation have taken to LinkedIn to ...GameSpot - 4h -
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TKO, Saudis join forces for new boxing promotion
TKO Group, the parent company of WWE and UFC, is joining forces with the Saudi General Entertainment Authority to create a new boxing promotion, it was announced Wednesday.ESPN - 3h -
Profits, Not D.E.I., Are Why Companies Exist
An awkward truth has become evident in the first days of the Trump administration, as many firms mute their commitments to diversity and sustainability.The New York Times - Feb. 21 -
Eye Opener: New developments in the health of Pope Francis
New developments in the health of Pope Francis, who is hospitalized in critical condition. Also, Elon Musk demands federal workers list what they've done or else lose their jobs. All that and all ...CBS News - Feb. 24 -
Development minister resigns in protest at Starmer’s aid cuts
Move by Anneliese Dodds comes after prime minister announces plan to shift resources to defenceFinancial Times - 5d -
Trump’s FDA Cuts Are Putting Drug Development at Risk
New SEC filings from pharmaceutical companies reveal Donald Trump and Elon Musk’s cost-cutting measures could slow drug research and delay FDA approvals.Wired - 1d -
Special Report: Texas Energy at a Crossroads
Part 1: Texas workers face mounting dangers in the heart of America's greatest oil boomThe Hill - 2d -
Block shares fall on profit, revenue miss
Block, formerly known as Square, got off to a sluggish start on Wall Street this year after underperforming the Nasdaq in 2024.CNBC - Feb. 21
