Shell attributes billions in cash outflows to oil and gas margin calls.
Shell announced on Thursday that it redirected $7 billion of its cash flows to settle huge oil and gas margin calls, making it the first
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China’s CXMT, the largest chip memory maker, soars 472% with debut.
Britain’s NatWest loaned NBFI Amplifi Capital £250 million before it collapsed, posing risks to the wider financial system.
Kuwait Petroleum Corporation signs a $16 billion oil pipeline network lease and leaseback, the largest FDI ever.
AfDB approves a $114 million loan for Africa’s first EV battery gigafactory in Morocco.
EU fines Google $1 billion for favoring its own services in the Play app store and search results.
Judge awards Anthropic a $1.5 billion settlement for the largest copyright infringement in history, utilized to train the Claude chatbot.
UK’s Metro Bank is considering a merger with rival Aldermore in a $2.7 billion deal.
Google is to introduce a new server chip to run Gemini models more effectively.
Nigeria’s Dangote Refinery raises $2.5 billion in a private placement ahead of a planned IPO.
Meta to diversify beyond advertising with a $10 billion Anthropic compute lease deal.
Shell announced on Thursday that it redirected $7 billion of its cash flows to settle huge oil and gas margin calls, making it the first
As Russian troops withdraw to focus on eastern Ukraine, Ukrainian leaders expect more grim findings in recovered cities and towns. On Friday, a Russian rocket
Police were looking for a man who planted a parcel bomb in the Cathedral of Toulouse in southwestern France on Friday, just days before the
The stock of HP Inc rocketed to a new high on Thursday after Warren Buffett’s Berkshire Hathaway Inc announced it had purchased an 11.4 percent
On Wednesday, President Joe Biden announced a new round of financial penalties against Russia, which he claims will have a long-term impact on the country’s
China’s state refiners are honoring current Russian oil contracts but avoiding new ones despite deep discounts, heeding Beijing’s demand for prudence as western sanctions against
Kyiv was a historic Russian defeat. The invaders got off to a bad start in the battle, and things only got worse from there. After
The World Bank says in a report released Tuesday that the war in Ukraine will affect Asia’s economies in the coming months due to disruptions
The Ukrainian military claimed Russian forces were preparing for an operation in Ukraine’s southeast on Tuesday, as President Volodymyr Zelensky prepared to address the United
According to a regulatory filing Monday, Tesla CEO Elon Musk bought a 9.2 percent interest in Twitter, totaling 73.5 million shares. Musk’s Twitter ownership is