Latest in Major Bp Slash
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Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.CNBC - 7h -
BP to ramp up oil and gas output in major shift away from green goals
Fossil fuel firm will cut more than $5bn from low-carbon investment plan in ‘fundamental reset’. Business live – latest updates BP is dropping green goals, ramping up oil and gas production ...The Guardian - 8h -
NOAA set to slash jobs 'imminently'
Mass firings are set to hit the National Oceanic and Atmospheric Administration (NOAA) “imminently,” a source with knowledge told The Hill. The person, who asked to speak anonymously due to fear of ...The Hill - 5d -
BP shows activists are often pushing at an open door
Clever boards can pre-empt attacks by behaving more like activists themselvesFinancial Times - 10h -
BP shuns renewables in return to oil and gas
The energy giant has announced its strategy after rivals also rowed back on green energy plans.BBC News - 6h -
BP shareholders want it to make money, not climate policy
The oil and gas producer faces criticism for its shift away from green energy, but many support it.BBC News - 8h -
BP expected to scrap renewables target in shift back to fossil fuels
Goal of increasing renewable energy generation 20-fold to be ditched, shareholders to be told this week. BP is expected to ditch a target to ramp up renewable energy generation by 2030 as part of a ...The Guardian - 2d -
BP’s going back to petroleum as it plans more oil spending and production
Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment while reducing outlays for greener fuels.MarketWatch - 10h -
BP pivots back to oil and gas after ‘misplaced’ faith in green energy
Chief says group was too optimistic over shift to renewablesFinancial Times - 6h -
BP to ‘Fundamentally Reset’ Strategy in Shift Back to Oil and Gas
The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.The New York Times - 2h -
Meta slashes staff stock awards as group embarks on AI spending drive
Most employees will receive about 10% less equity options this yearFinancial Times - 5d -
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Starbucks Slashes 1,100 Corporate Jobs as Chain Pushes Turnaround Effort
The coffee chain has shuffled senior leadership, trimmed its menu, and is doing non-barista layoffs as it seeks to return to a growth trajectory.Inc. - 2d -
Trump and Musk's slash-and-burn tactics are a sticking point in talks to prevent a shutdown
President Donald Trump and his billionaire adviser Elon Musk are taking a hatchet to federal agencies, using executive power to impose spending and job cuts that have sparked a polarizing debate in ...NBC News - 11h -
Stefanik’s Confirmation Is on Ice as Republicans Guard Their Scant Majority
The congresswoman from New York is in line to be confirmed as the U.S. ambassador to the United Nations. But first, her colleagues need her vote to pass their embattled budget plan.The New York Times - 2d -
Graham: House budget proposal needs 'major overhaul'
Senate Budget Committee Chair Lindsey Graham (R-S.C.) says the House-passed budget resolution that is the key to unlocking President Trump’s agenda will need a “major overhaul” before passing the ...The Hill - 2h -
BP to abandon pledge to cut oil and gas output as chief fights for group’s survival
Auchincloss must convince activist investor Elliott Management he can turn around troubled oil majorFinancial Times - 1d -
BP ramps up oil and gas investment to $10bn a year in ‘fundamental reset’ – business live
Oil and gas giant abandons green ambitions, as boss says it will be ‘very selective’ about investing in fossil fuel alternatives. BP will abandon its green ambitions, including plans to cut its ...The Guardian - 11h -
Warren Buffett, warning of ‘scoundrels’ and ‘fiscal folly,’ slashes his exposure to U.S. stocks
Instead, the “Oracle of Omaha” has become a “committed” and “long-term” investor in a handful of Japanese companies.MarketWatch - 2d -
Bank of Korea slashes rates to lowest since August 2022 on economic worries, cuts growth forecast
The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.CNBC - 1d -
Starmer defends slashing aid budget to raise defence spending to 2.5% of GDP - UK politics live
Keir Starmer says now is the time to deepen European security, as he announces new defence budget by 2027. The rightwing historian Niall Ferguson is in the audience for Badenoch’s speech, ...The Guardian - 1d -
Slashing Medicaid to Pay for Trump’s Tax Cuts Could Lead to Vast State Shortfalls
Republicans have proposed lowering the federal share of costs for Medicaid expansions, which could reshape the program by gutting one of the Affordable Care Act’s major provisions.The New York Times - 2h -
Hong Kong’s last major pro-democracy party moves to disband
Hong Kong’s Democratic Party said late on Thursday it would start preparations to disband and wind up its affairs after a meeting of its leadership, amid a years-long national security crackdown in ...NBC News - 5d -
Duo set to become 1 of the first teams to complete 6 major marathons
Michael Sayih and Max Fink have a special bond — they're regular racing partners who compete in countless 5K, Iron Man and marathon events all over the world. Michael has cerebral palsy, and ...CBS News - 5d -
Duo Team aiming to compete in 6th major marathon shares journey
Michael Sayih and Max Fink have finished the Chicago, New York, Boston, London and Berlin marathons together. They hope to complete the Tokyo Marathon this year.CBS News - 5d -
Wall Street sees major drop amid concerns over slowing economy
Wall Street saw a dramatic drop on Friday with the Dow Jones plunging nearly 750 points, and the S&P 500 and Nasdaq falling sharply amid fears of a slowing economy and stubborn inflation. CNBC’s ...NBC News - 4d -
West Ham’s Jarrod Bowen delivers major blow to Arsenal’s title hopes
So it turns out Arsenal should have signed a striker. Fourteen months after they last put a major dent in Arsenal’s title aspirations, Jarrod Bowen secured West Ham’s second successive Premier ...The Guardian - 4d -
MSNBC Cancels Joy Reid’s Show in Major Shake-Up
Ms. Reid’s 7 p.m. program will be replaced by a panel show co-hosted by Symone Sanders Townsend, Alicia Menendez and Michael Steele.The New York Times - 3d -
Shares in Australia’s largest listed tech group plunge as majority of board quits
Allies of scandal-hit co-founder Richard White take control as independent directors resign over ‘intractable differences’Financial Times - 2d -
Major Asia bank to cut 4,000 roles as AI replaces humans
It makes DBS one of the first major banks to offer details on how AI will affect its operations.BBC News - 1d -
Thomas aims to complete journey from 'nobody' to major finals
Scotland striker Martha Thomas recalls how a LinkedIn message changed her life as she targets a spot at a major tournament.BBC News - 1d -
New Star Wars Game Seemingly Unaffected By Major NetEase Shakeup
Quantic Dream, the developer behind the upcoming Star Wars Eclipse, has apparently been unaffected by the recent shakeup over at NetEase.. "We want to reassure everyone that our studios in Paris ...GameSpot - 1d -
5 former players are running baseball operations in the majors. More could be on the way
There are five former major leaguers serving as the top baseball executive for a big league franchise at the moment, forming one of MLB's most exclusive clubsABC News - 1d -
Star Wars Boss Is Reportedly Retiring This Year, Which Could Be A Major Shakeup
There might be a great disturbance in the Force, as a new report claims that Lucasfilm president Kathleen Kennedy will retire later this year. The executive has overseen the Star Wars and Indiana ...GameSpot - 1d -
Budget vote in House tests slim GOP majority in new Trump term
If House Speaker Mike Johnson wants to pass the Trump-backed budget plan, which includes trillions in tax cuts, he can only afford to lose one Republican vote. However, multiple GOP lawmakers have ...CBS News - 22h -
Chile hit by major blackout, leaving millions without electricity
State of emergency and overnight curfew declared after blackout strands commuters and knocks out traffic lights. Authorities in Chile have declared a state of emergency and overnight curfew after a ...The Guardian - 22h -
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Christianity’s Decline in U.S. Appears to Have Halted, Major Study Shows
Young people contributed to the shift. “If you’re a young white male these days and you think of yourself as conservative, then being religious is a part of that.”The New York Times - 7h -
Democrat: Party has ‘fallen out of touch with the majority of Americans’
Rep. Seth Moulton (D-Mass.) said he believes the Democratic Party has “fallen out of touch” with what the majority of Americans want from the party. Moulton went on Fox News on Wednesday, where he ...The Hill - 2h
