Shell’s boss defends renewables strategy shift with a ‘leaner…
Wael Sawan, the chief executive of Shell, plans to make the company "leaner", and more selective in its investments…
Ken Griffin, Citadel’s Ken Griffin, warns hedge funds against clampdowns to…
Ken Griffin, founder and CEO of the $62bn US hedge funds Citadel, warned regulators to focus on banks instead of…
Warren Buffett’s Berkshire Hathaway is selling stocks as its cash pile grows to…
Berkshire Hathaway’s cash pile soared to a new record of $157bn during a quarter when chief executive Warren…
Will Sam Bankman-Freed Conviction affect the cryptocurrency industry ?
Sam Bankman-Freed, the founder of FTX, has been found guilty in a fraud trial. This has significant implications…
FTC claims Amazon made $1bn with secret pricing algorithm
Amazon made more than $1bn extra profit using a secret pricing algorithm, US antitrust regulators claim in a…
Shell buys back $3.5bn in shares despite falling profits
Shell announced a larger than expected $3.5billion share buyback, even though the oil and gas company's quarterly…
Lloyds rejects latest bid by Barclay Family to buy UK’s Telegraph
Lloyds Banking Group Plc turned down the Barclay Family's latest bid to reclaim The Telegraph, in order to reassure…
Britons Rejected for Debit Cards after Missing Mortgage Payments
As high interest rates squeeze finances, many British mortgage holders miss payments and have their debit cards…
Barclays Rebuilds Carbon Trading Desk after a Decade Long Hiatus
Barclays Plc has re-established its presence on a market that it left a little more than a decade earlier: carbon…
China’s grip on Africa’s minerals sparks a US response
Zambia and Democratic Republic of Congo, which are rich in minerals that are essential for the production of…
Apple Sales Fall for Fourth Quarter Straight Amid China Sloweddown
Apple Inc. warned that the revenue for the holiday quarter would be similar to last year. This means that investors…
BOE’s bleak UK outlook lifts bets on sharp rate cuts in 2024
The financial markets may disagree with Bank of England Governor Andrew Bailey's claim that it is too early to…
WeWork’s bankruptcy is expected to be the end of WeWork.
WeWork, a flexible workspace provider that plans to file bankruptcy as soon as next week. This is a dramatic turn…
Eurozone economy shrinks due to squeeze
The Eurozone's GDP shrank over the last three months, while inflation fell faster than analysts had predicted. This…
Velocys, a green jet fuel company, receives a funding boost
After it announced that a funding round was not going ahead, shares in a "carbon negative" jet fuel manufacturer…
BP shares fall after a ‘weak performance’ by gas traders
BP announced yesterday that its quarterly profit had dropped more than expected due to "weak" performances by its…
Next increases profit guidance for the fourth time in five months
Next has increased its full-year profit guidance for the fourth time in five months despite unusually warm weather…
Orsted cancels wind power project in US, resulting in a £4.6bn loss
Two projects in the United States were scrapped by the world's largest offshore wind developer, resulting in a…