Shell Reports 2023 Profits of $28.25 Billion Amid Market Shifts
The company's shift towards trading more in liquefied natural gas (LNG) and increased production offset reduced earnings from refining and oil trading, along with higher operating costs.
Labour Backtrack On £28 Billion Green Investment Pledge After Weeks Of Confusion
With a UK general election looming, the Labour Party are starting to persuade business and financial sector leaders that it can be trusted to grow the economy.
IMF Says Central Banks Should Not Rush Into Rate Cuts
The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move "slightly" too late, Managing Director Kristalina Georgieva said Thursday.
Bank Of England Freezes Rate As Inflation Stays High
The Bank of England froze its key interest rate Thursday for a fourth meeting in a row, matching US Federal Reserve policy, as high inflation prevents cuts to borrowing costs.
Elon Musk's Billionaire Crown Shaken After Judge Voids His Tesla Pay Package
Tesla shareholder Richard Tornetta sued Tesla and Elon Musk over a pay plan which he claims was "beyond the bounds of reasonable judgement".
Stocks Waver As US Tech Shares Fall, Fed Meets On Rates
Stock markets wavered on Wednesday as shares in major US tech companies fell and investors awaited a key Federal Reserve interest rate meeting.
Urban Exodus vs. Urban Oasis: the Post Pandemic's Mixed Picture of City Life
The pandemic has sparked a global change in urban living, from sprawling suburbs to gated green havens. While Westerners escape the city centre, some Asians refuse to sacrifice the convenience of urban life. They have the foundation for this choice, as mega-complexes of thousands of hectares, like Vietnam's Ocean City, are taking root in the heart of bustling cities, aspiring to fulfill every resident's need.
Global Stocks Mixed As Traders Track Eurozone Data, Await Fed
Global stocks were mixed Tuesday as Wall Street wavered ahead of fresh interest-rate signals from the US Federal Reserve, and new data showed that the eurozone dodged recession at the end of last year.
Buried In Massive Debt, Italy Puts Crown Jewels Up For Sale
Prime Minister Giorgia Meloni once declared Italy's postal service a "crown jewel" that must stay in state hands, but she is now selling a stake as part of a privatisation programme to tackle a huge public debt.
UK Climate Watchdog Accuses Sunak Of Sending 'Mixed Signals'
Britain's top climate change advisory body on Tuesday accused Prime Minister Rishi Sunak of creating "mixed signals and a perception of "slowing UK climate ambition", as it demanded renewed action.
Stocks Steady While Oil Prices Back Off Three-month Highs
European and US stocks were mostly flat Monday at the start of a week packed with major earnings and data in addition to central bank decisions on interest rates.
Jannik Sinner Ends Novak Djokovic's Long Winning Streak At Australian Open To Reach Final
After defeating the world number one in four sets, Jannik Sinner will face Daniil Medvedev in Sunday's Australian Open men's singles final.
Jurgen Klopp Announces Decision To Depart Liverpool At The End Of The Season
Former Liverpool midfielder and current Bayer Leverkusen boss, Xabi Alonso, has been rumoured as a possible replacement for Jurgen Klopp.
UK Prime Minister Rishi Sunak Announces Plans To Ban Disposable Vapes To Reduce Smoking Amongst Children
The prime minister is also expected to crack down on marketing laws, restricting vape flavours and limiting coloured packaging intended to appeal to children.
Artificial Intelligence May Help ADHD Diagnosis, Research Shows
The researchers said they discovered important differences in certain brain structures called white matter tracts in people with ADHD.
Sinner Stages Epic Fightback To Win Australian Open
Jannik Sinner stormed back from two sets down to beat Daniil Medvedev in an energy-sapping five-set Australian Open final on Sunday, claiming his first Grand Slam title.
Amazon Rainforest Faces Devastating Drought as Climate Crisis Worsens
Rivers that once flowed vigorously now bear the scars of receding water levels, leaving vast expanses of the rainforest parched and vulnerable.
European Union Reports Drastic Reduction In Fossil Fuel Carbon Dioxide Emissions, Lowest In 60 Years
In 2023, the European Union emitted eight per cent less carbon dioxide from its fossil fuel consumption compared to 2022.
Which UK High Street Shops Will Close In 2024?
With some companies closing to prioritise expansion elsewhere and others shutting their stores due to bankruptcy, the UK can expect to see a mass increase of empty store-fronts.
French Waste Group Veolia Hungry For Lost UK Energy
A giant crane-operated claw plunges into a mountain of rubbish before dumping its load into a huge furnace, where the waste is engulfed in flames to generate electricity.
Passengers Snub 'Expensive' London-Paris Eurostar Train For Plane
Many travellers are opting to take a plane rather than train between London and Paris despite climate concerns and the Eurostar rail service connecting the two capitals in just over two hours.
UK Govt To Plough Extra GBP1.3bn Into Nuclear Plant
The announcement from the Department for Energy Security and Net Zero late on Monday takes the level of state funding for the project in eastern England to more than GBP2.5 billion.
Novak Djokovic Continues Quest For 11th Australian Open Title After Reaching Another Semi-final
Jannik Sinner stands in the way of Novak Djokovic making it to Sunday's Australian Open final, whilst Aryna Sabalenka and Coco Gauff will meet in the last four.
New Net Zero Funding for UK Businesses in Non-Industrial Areas Announced
The UK government is helping UK businesses across various sectors to make the net zero switch to green energy with a new net zero funding announcement of £190 million to 12 projects.
Storm Isha Ravages UK, Leaving Thousands Without Power And Two Dead
Scotland, Northern Ireland, north-west England, and Wales were particularly hard-hit, with remote areas warned of potential power outages until Tuesday.
Africa Faces Catastrophic Climate if Western Nations Fail to Act on COP28 – A Conversation With Mr. Nathaniel Mong'are, Advisor to Kenyan Prime Minister
Africa Faces Catastrophic Climate if Western Nations Fail to Act on COP28 – A Conversation With Mr. Nathaniel Mong'are, Advisor to Kenyan Prime Minister
Most Asian Markets Rise After Wall St Record
Most Asian markets rose Monday following a record finish on Wall Street, but hopes for an early US interest rate cut were dealt a fresh blow by Federal Reserve officials looking to rein in investor expectations.
NASA Warns That 2024 Is On Track To Be Even Hotter Than 2023, Confirming 2023 As Warmest Year Recorded
NASA warns of more climate extremes in 2024 and confirms that the Earth's average surface temperature was at its hottest last year.
Russian 16-year-old Mirra Andreeva Pulls Off Remarkable Third Round Victory At Australian Open
Trailing in the decisive set to Diane Parry, rising star Mirra Andreeva staged a stunning comeback to reach the fourth round.
UN's Atomic Agency Being Held 'Hostage' In Iran, Director Says
Iran is barely cooperating with the International Atomic Energy Agency which feels it is being held "hostage" to the country's disputes with Western countries, IAEA director general Rafael Grossi told AFP on Thursday.