Our website uses cookies to enhance and personalize your experience and to display advertisements (if any). Our website may also include third party cookies such as Google Adsense, Google Analytics, Youtube. By using the website, you consent to the use of cookies. We have updated our Privacy Policy. Please click the button to view our Privacy Policy.

Shell and Equinor join forces to create a major energy venture in the North Sea

Shell and Equinor join forces to create a major energy venture in the North Sea

Shell and Norwegian energy firm Equinor have unveiled plans to merge their offshore oil and gas businesses in the UK sector of the North Sea, marking a significant step in the energy sector. The joint venture, which will be equally owned by both companies, aims to strengthen energy security and continue fossil fuel production, navigating the UK's evolving energy landscape. The new entity, based in Aberdeen, Scotland, is set to become the largest independent oil and gas producer in the UK North Sea once the merger is completed, probably by the end of next year, pending the regulatory approval. Shell…
Read More
Chad Chronister withdraws from DEA nomination, citing commitment to local leadership

Chad Chronister withdraws from DEA nomination, citing commitment to local leadership

Hillsborough County Sheriff Chad Chronister announced Tuesday that he will withdraw his name from consideration to lead the Drug Enforcement Administration (DEA), just days after President-elect Donald Trump nominated him for the role. Chronister's decision makes him the second individual to turn down a top job in Trump's incoming administration, following former Rep. Matt Gaetz, who recently withdrew from his bid for attorney general. Chronister, the longtime sheriff of Hillsborough County, Florida, explained his decision in a post on X, formerly Twitter, underscoring his dedication to serving his local community. “Being nominated by President-elect @realDonaldTrump to be Administrator of the…
Read More
South Korea's political turmoil shakes markets but offers room for cautious optimism

South Korea's political turmoil shakes markets but offers room for cautious optimism

South Korea has found itself in the global spotlight after a stunning series of political events this week, raising concerns about the future of Asia's fourth-largest economy. President Yoon Suk Yeol's sudden announcement of emergency martial law on Tuesday evening, followed by a swift reversal a few hours later, has injected new uncertainty into the country's economic and political landscape. Analysts warn that the fallout could worsen South Korea's already difficult economic outlook, but some believe the turmoil could pave the way for brighter prospects if deeper instability can be avoided. President Yoon initially justified the declaration of martial law…
Read More
Stellantis CEO Carlos Tavares resigns due to internal disagreements

Stellantis CEO Carlos Tavares resigns due to internal disagreements

Carlos Tavares, the esteemed CEO of Stellantis, resigned unexpectedly, citing "increasingly different opinions" between him and the automaker's board of directors. The announcement, made Sunday, marks the end of Tavares' tenure with immediate effect, leaving the world's fourth-largest automaker searching for a new leader during a difficult period. In a statement, Stellantis confirmed that its board of directors accepted Tavares' resignation and that the search for a new CEO is already underway. The trial is expected to conclude in the first half of next year. Meanwhile, an interim executive committee will be established under the leadership of President John Elkann…
Read More
Zoom shares fall despite strong quarterly results and optimistic outlook

Zoom shares fall despite strong quarterly results and optimistic outlook

Eric Yuan, founder and CEO of Zoom Communications Inc., spoke about the company's ongoing transformation at the annual Concordia Summit held in New York on September 25, 2024. The video conferencing giant, formerly known as Zoom Video Communications, reported solid financial results for its fiscal third quarter, but its shares fell 4% in extended trading on Monday amid mixed investor sentiment regarding its future guidance. Zoom posted results that beat Wall Street's expectations, showing steady growth in an evolving market for its services. According to LSEG financials, the company outperformed analysts' projections in both earnings per share and revenue. Adjusted…
Read More
Trump picks Kevin Hassett to head National Economic Council, rounding out key economic team

Trump picks Kevin Hassett to head National Economic Council, rounding out key economic team

President-elect Donald Trump has nominated Kevin Hassett to lead the National Economic Council (NEC), placing the veteran economist at the forefront of the administration's decision-making on trade, taxes and deregulation. The announcement, made by Trump on his social media platform Truth Social, marks a significant step in finalizing his economic team ahead of Inauguration Day on Jan. 20. Hassett, who previously served as chairman of the White House Council of Economic Advisers (CEA) during Trump's first term, is no stranger to the administration's economic agenda. During his tenure at CEA, Hassett played a critical role in supporting the 2017 Republican…
Read More
Ferrari's unique position protects it from potential tariff problems in the automotive sector

Ferrari's unique position protects it from potential tariff problems in the automotive sector

As President-elect Donald Trump renews his calls for high tariffs on imports from China, Canada and Mexico, the global auto industry braces for potential supply chain disruptions and rising costs. However, Ferrari, the iconic Italian luxury automaker, appears uniquely positioned to weather the storm, even as other manufacturers face growing challenges. Trump's proposed measures include a 10% tariff on all goods entering the United States from China and a 25% tariff on imports from Canada and Mexico, triggering concerns across industries that rely heavily on global trade. While European automakers have yet to be directly targeted, analysts suggest it may…
Read More
The Arnault family is targeting Paris FC with long-term ambitions

The Arnault family is targeting Paris FC with long-term ambitions

The Arnault family, renowned for owning the luxury conglomerate LVMH and for its position among the world's richest families, is seeking to consolidate majority ownership of Paris FC, a modest soccer club in France's second division. However, any aspiration for significant sporting achievements is expected as part of a long-term gradual plan. Antoine Arnault, son of Bernard Arnault, CEO and president of LVMH, shared that the family's investment in Paris FC is driven by passion rather than profit. Speaking to CNBC, he noted that the aim is to emulate the kind of success energy drink giant Red Bull has achieved…
Read More
Sean Duffy Selected to Be Transportation Secretary in Next Trump Administration

Sean Duffy Selected to Be Transportation Secretary in Next Trump Administration

Former congressman and Fox Business host Sean Duffy has been announced as President-elect Donald Trump's nominee for secretary of transportation. The announcement, made Monday, marks the second time Trump has selected a Fox News personality for a Cabinet position, following last week's nomination of Pete Hegseth to lead the Defense Department. Hegseth has since stepped down from his role at Fox News. In his statement, Trump praised Sean Duffy's record as a public servant, describing him as "an exceptional and respected leader." Trump highlighted Duffy's contributions during his tenure in Congress, highlighting his support for fiscal responsibility, economic growth and…
Read More
Finding healing through companionship: How service dogs support veterans with post-traumatic stress disorder

Finding healing through companionship: How service dogs support veterans with post-traumatic stress disorder

In Kansas City, a transformative program is helping veterans dealing with post-traumatic stress disorder (PTSD). Air Force veteran Heather O'Brien, who served in a challenging internment camp in Iraq, returned home struggling with anxiety and uncertainty. A toy labradoodle named Albus and the Dogs 4 Valor initiative, part of the Olathe, Kansas-based organization The Battle Within, were instrumental in his recovery journey. Dogs 4 Valor is designed to assist veterans and first responders in collaboration with their caregivers, addressing issues such as depression and anxiety. Program director Sandra Sindeldecker notes that many veterans with PTSD often remain isolated at home,…
Read More