HSBC has posted annual pre-tax profits of $29.9bn, outperforming market expectations despite significant write-downs in its Chinese operations. The bank’s performance has paved the way for a $3.9bn bonus pool, …
The US Treasury has opened a narrow 30-day window for the purchase of Russian oil currently on the water to prevent a global supply catastrophe. This emergency measure is a …
The Federal Reserve’s battle against inflation has been complicated by the sudden outbreak of war, which occurred just as February’s inflation data showed a steady 2.4% annual rate. While core …
The British utility landscape is set for a shake-up following Ofgem’s decision to grant Tesla a formal electricity supply licence. This approval empowers the company to sell electricity directly to …
Staff at the UK’s largest employee-owned retailer are set to receive their first bonus in four years, ending a long drought for the partnership’s workforce. The 2% payout follows a …
Shipping lanes in the Middle East have turned into a theater of war, pushing international oil benchmarks back into triple digits this Thursday. Iranian forces have reportedly struck multiple merchant …
Hopes for a reprieve from high borrowing costs have been dampened by the economic fallout from the escalating US-Israel-Iran conflict. The OBR has cautioned that the resulting energy price shock …
The Mississippi Department of Environmental Quality has authorized the use of 41 methane gas turbines at xAI’s newest datacenter. This permit allows the Elon Musk-led company to operate a makeshift …
SpaceX is currently weighing a historic public debut on the Nasdaq exchange that could redefine the scale of the IPO market. Insider reports suggest the aerospace firm is eyeing a …
In a bold move for the energy industry, President Donald Trump has announced a $300 billion agreement to construct a new oil refinery in Texas. Located at the Port of …