By Wolf Richter for WOLF STREET. The reason we’re looking at the underlying dynamics of the labor market is to gauge the pressure within the Fed to cut interest rates to prevent the labor market from weakening. And […]
Governors in the US Climate Alliance are upholding the Paris Accord despite voter rejection, driving up energy costs and prioritizing costly green schemes. Despite a red wave sweeping across America last November, a green wall […]
Washington faces a daunting but critical task. The Chinese start-up DeepSeek stunned the world and roiled stock markets last week with its release of DeepSeek-R1, an open-source generative artificial intelligence model that rivals the most […]
Hapag-Lloyd said on Tuesday that the financing will be carried out on the basis of its “green financing framework” for the order placed in October last year. Yangzijiang Shipbuilding will build 12 vessels each with a capacity […]
China’s Ministry of Finance said in a statement on Tuesday that the US government announced on February 1 the imposition of a 10 percent tariff on all Chinese goods exported to the US, citing fentanyl […]
The UK government is considering purchasing more liquefied natural gas (LNG) as well as F-35 fighter jets from the US in the hope of averting punitive tariffs on British goods, Politico has reported. Tariffs were […]
BAGHDAD, Feb 4 (Reuters) – Oil major BP (BP.L) is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil […]
Global upstream M&A activity is expected to slow down in 2025 following a peak driven by US shale consolidation. North America continues to lead M&A activity, while the Middle East emerges as a significant hub […]
In the first serious fallout from President Donald Trump’s early actions against offshore wind power, oil and gas giant Shell is walking away from a major project off the coast of New Jersey. Shell told […]
Reported earnings of $3.2 billion; adjusted earnings of $3.6 billion Returned record $27 billion cash to shareholders in 2024 Increased 2024 worldwide and U.S. production by 7 and 19 percent to record levels Delivered key […]
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