BP Suspends Share Buybacks as Profit Slumps
The British energy giant said it would put money toward new oil and gas opportunities ahead of the arrival of its new chief executive, Meg O’Neill.
Follow economic and financial news: markets, companies, analysis and economic trends.
The British energy giant said it would put money toward new oil and gas opportunities ahead of the arrival of its new chief executive, Meg O’Neill.
The sportswear company’s operator cited a shift in consumer preferences, rising inflation and elevated tariffs. It is the third bankruptcy since Eddie Bauer’s founding in the 1920s.
In their first joint interview, Ms. Malle spoke about filling the shoes of Ms. Wintour, who urged people to “get over comparisons.”
The oil giant also says it is suspending its share buyback programme ahead of the arrival of its new boss.
The results have been welcomed by climate and clean energy groups but could face opposition from local communities.
Innovative tech scares fish away from nuclear cooling pipes.
The White House agreed to carve out exemptions for US-produced cotton from Bangladesh.
Even with sophisticated technology it is still difficult to detect fake foods.
Japan has been battling sluggish growth, mounting public debt and a rapidly ageing workforce.
The tech giants are under scrutiny over social media addiction in a landmark jury trial in Los Angeles
Executives said the reductions were part of a restructuring meant to help fix stagnant sales.
The unions representing pilots and flight attendants have in recent days publicly criticized American for falling behind Delta Air Lines and United Airlines.
The E.W. Scripps Company is selling the channel to the parent company of Law&Crime, which wants Court TV to have a bigger streaming presence.
Ads pitching artificial intelligence companies dominated the Super Bowl broadcast. Their huge cost probably didn’t ease investor worries about spending.
Experts call for urgent action by businesses to restore the natural systems that keep them running.
The cosmetics and nail varnish line was one of the last family-owned make-up firms in the UK.
The last time writers and actors negotiated contracts, in 2023, dual strikes froze the industry.
A mental health support team set up a pantry in Wolverhampton to help those living in food poverty.
Japanese stocked jumped as markets opened on Monday morning, after prime minister Sanae Takaichi won a landslide victory.
A brother-and-sister team in Spain started a sustainable business model recycling old and damaged nets into stadium seating and decorations.