Oil Demand Growth to Slow Dramatically as Peak Nears, IEA Says
(Bloomberg) — Global oil demand growth will taper off over the next few years as high prices and Russia’s invasion…
Shell boosts dividend, steadies oil output in new CEO plan
(Reuters) – Shell (LON:RDSa) will ramp up its dividend and share buybacks while keeping oil output steady into 2030, it…
European shares rise on hopes of Fed pause; Entain plunges
(Reuters) – European shares rose on Wednesday, ahead of a broadly priced-in pause in interest rate hikes by the U.S.…
Grifols shares soar on possible sale of $1.5 billion stake in Shanghai RAAS
(Reuters) – Shares in Spanish pharmaceutical Grifols soared on Wednesday morning after it disclosed a plan to reduce its stake…
Airbus raises 20-year delivery forecast, sees more replacements
(Reuters) – Europe’s Airbus on Wednesday raised its 20-year forecast for new airplane deliveries, but tempered its predictions for growth…
US judge temporarily blocks Microsoft acquisition of Activision
(Reuters) – A U.S. judge late on Tuesday granted the Federal Trade Commission’s (FTC) request to temporarily block Microsoft Corp…
Exclusive-Amazon’s cloud unit is considering AMD’s new AI chips
(Reuters) – Amazon (NASDAQ:AMZN) Web Services, the world’s largest cloud computing provider, is considering using new artificial intelligence chips from…
Social media moderators urge German lawmakers to tackle ‘exploitative’ working conditions
(Reuters) – Hundreds of social media moderators in Germany – who remove harmful content from platforms such as Facebook (NASDAQ:META)…
Toyota wins over shareholders at AGM after questions on strategy, governance
(Reuters) – Toyota shareholders backed the board and voted down the first resolution proposed in 18 years at an annual…
Explainer – Why are other automakers chasing Tesla’s ‘Gigacasting’?
(Reuters) – Toyota Motor (NYSE:TM) said this week it will adopt a technology Tesla (NASDAQ:TSLA) pioneered known as “Gigacasting” as…