Malaysia’s commodities ministry has proposed halving the export tariff on palm oil to help alleviate a worldwide edible oil shortfall and boost the country’s market dominance. In an interview with Reuters on Tuesday, Plantation Industries and Commodities Minister Zuraida Kamaruddin… Read More ›
After oil and gas prices skyrocketed, BP’s profits for the first three months of this year more than doubled. The energy behemoth posted an underlying profit of $6.2 billion, up from $2.6 billion in the previous quarter and well ahead… Read More ›
Boeing revealed on Wednesday that it has lost $1.1 billion in costs connected to its deal with the Trump administration to convert two 747 jumbo planes to serve as Air Force One — and CEO Dave Calhoun said the aviation… Read More ›
In a statement Exxon Mobil Corp said, Exxon Neftegas Ltd, its Russian unit, has declared force majeure for its Sakhalin-1 operations due to sanctions on Russia that have made it increasingly difficult to ship crude to customers. The Sakhalin-1 project produces… Read More ›
Elon Musk reportedly met with Twitter’s board of directors over the weekend to discuss his $43 billion buyout offer. Following the announcement of the Tesla CEO’s bid, Twitter’s management declared a “poison pill” strategy to stave against a hostile takeover…. Read More ›
Japanese car maker Nissan has announced that it will no longer produce automobiles under the Datsun brand, which has a more than century-long heritage. It was one of the brands that helped Japanese automakers gain international recognition following WWII. The… Read More ›
According to the CEO of blockchain firm Ripple, “tribalism” around bitcoin and other cryptocurrencies is dragging back the entire $2 trillion sector. “Polarization isn’t healthy in my judgement,” Ripple CEO Brad Garlinghouse said in a CNBC-hosted fireside chat at Paris… Read More ›
In a statement, Michael Miebach, the CEO of Mastercard Inc said, the company will link all employee bonuses to environmental, social and corporate-governance (ESG) initiatives, in an expansion of an earlier program which was limited to its senior executives. The move… Read More ›
According to the World Health Organization, Omicron subvariants BA.4 and BA.5 are circulating at low levels in numerous countries in Southern Africa and Europe. According to WHO’s technical lead on Covid-19 Maria Van Kerkhove, two subvariants of the extremely contagious… Read More ›
According to government data, when COVID-19 infections surged in India in April and May of last year, the western city of Ahmedabad officially recorded at least three times as many total deaths in those two months than in the previous… Read More ›
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