BP in 2020 set out its ambition to become a net zero company “by 2050 or sooner.” Matt Cardy | Getty Images News | Getty Images British oil giant BP on Tuesday announced plans to boost shareholder returns, even after a sharp drop in full-year profits aligned with lower oil prices. The energy major posted … Read more
MEXICO CITY — Mexico’s president said Monday he will propose guaranteeing people pensions equal to their full salaries at the time they retire, something done by no other country, not even those much richer than Mexico. It was among a raft of 20 constitutional reforms that President Andrés Manuel López Obrador has almost no hope … Read more
People dit at McDonald’s outdoor seating after going out on a Saturday night along Rothschild Street on June 11, 2022 in Tel Aviv, Israel. Alexi Rosenfeld | Getty Images McDonald’s and Starbucks, two of the biggest U.S. restaurant companies, both said the Israel-Hamas war hurt their sales at the end of last year. Shares of … Read more
The oil market will face a supply shortage by the end of 2025 as the world fails to replace current crude reserves fast enough, Occidental CEO Vicki Hollub told CNBC on Monday. About 97% of the oil produced today was discovered in the 20th century, she said. The world has replaced less than 50% of … Read more
RIO DE JANEIRO — Rio de Janeiro has declared a public health emergency because of an outbreak of mosquito-borne dengue fever, the city said in its official gazette on Monday, just days before Carnival celebrations kick off across Brazil. But the outbreak wasn’t expected to disrupt Carnival, which officially starts on Friday evening and runs … Read more
This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized rate of 4.07 million units, the National Association of … Read more
ISTANBUL — Turkey has seen its fifth central bank leader depart in as many years as Hafize Gaye Erkan, the first woman in the top role, stepped down after just eight months in the job. She announced her resignation late Friday after recent claims of nepotism emerged in local media, allegations that Erkan, a former … Read more
Samsung Electronics executive chairman Lee Jae-yong will not have to put his prison uniform back on—for now, at least. Samsung Shows Off First LaserSlim OLED TV The Seoul Central District Court on Monday found Lee not guilty of committing stock manipulation and accounting fraud during a 2015 merger of two Samsung affiliates: Samsung C&T, a … Read more
Visitors are attending a New Year event held by McDonald’s in Shanghai, China, on January 25, 2024. Costfoto | Nurphoto | Getty Images McDonald’s reported mixed quarterly results Monday as turmoil in the Middle East took a toll on its sales in those markets. Shares of the company fell less than 1% in premarket trading. … Read more
BERLIN — A union has called on Lufthansa’s ground staff to walk off the job for a day on Wednesday in a pay dispute, the latest of several transport strikes in the country. The Ver.di union said Monday it is calling on ground staff for the German airline at Frankfurt, Munich, Hamburg, Berlin and Duesseldorf … Read more