BP to Eliminate About 5% of Workforce to Cut Costs, CEO Says
BP Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, Chief Executive…
Oil Falls on Prospect of Trump Weakening Russia Crude Sanctions
Oil retreated from a five-month high as the market adjusts to new sanctions on Russian crude and on the prospect…
Bitcoin flirts with $100,000 level as angst over Fed path eases
Bitcoin (BTC-USD) hovered near $100,000 after notching its biggest gain of the new year on reassuring US inflation data that…
Renault 2024 sales volumes grow 1.3%, helped by hybrids
French automaker Renault said on Thursday that sales grew by 1.3% in 2024, with a strong fourth quarter driven by…
Stocks Rise on Fed Rate-Cut Bets, Earnings Boost: Markets Wrap
Global stocks rose Thursday, lifted by data showing cooling US core inflation and a slew of robust corporate earnings. Europe’s…
Gold Holds Gain as US Inflation Data Boosts Rate-Cut Optimism
Gold advanced after a surprise slowdown in US inflation revived expectations for Federal Reserve rate cuts this year. Bullion traded…
Biggest IKEA retailer to invest $1 billion in recycling firms
The investment arm of Ingka Group, the biggest global IKEA retailer, said it will invest 1 billion euros ($1.03 billion)…
Russian Crude Oil Piles Up Near Chinese Coast After US Sanctions
The amount of oil stranded off the Chinese coast is growing as traders, refiners and shipping companies try to avoid…
Wall Street Sees Best CPI Day Since October 2023: Markets Wrap
Wall Street breathed a sigh of relief after a surprise slowdown in inflation spurred a stock rally and a plunge…
Nokia signs multi-year patent license agreement with Samsung
Finland’s Nokia (NOK) said on Wednesday it had signed a multi-year patent license agreement with Samsung , for the use…