Big Oil isn’t budging on output as Opec+ supply hike looms

Big Oil isn’t budging on output as Opec+ supply hike looms

The largest western oil producers are mostly sticking with their growth plans for now, despite a 16 per cent decline in crude prices during April and a decision by the Organization of Petroleum Exporting Countries and their allies (Opec+) to crank up output in June. Exxon Mobil, Chevron, Shell and TotalEnergies all maintained their capital…

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Shell is studying merits of BP deal as rival’s stock slumps

Shell is studying merits of BP deal as rival’s stock slumps

[LONDON] Shell is working with advisers to evaluate a potential acquisition of BP, though it’s waiting for further stock and oil price declines before deciding whether to pursue a bid, according to sources familiar with the matter. The oil major has been more seriously discussing the feasibility and merits of a BP takeover with its…

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Temu ditches Chinese imports model to avoid Trump’s tariffs

Temu ditches Chinese imports model to avoid Trump’s tariffs

[NEW YORK] Temu is abandoning the model centred around cheap Chinese imports that catapulted it to success in the US, aiming to sell only goods from local merchants to American consumers for the foreseeable future. PDD Holdings’s online retail phenom, which much like Shein Group burst onto the scene just a few years ago with…

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Malaysia prime minister confident on resolving Petronas-Petros dispute

Malaysia prime minister confident on resolving Petronas-Petros dispute

Published Sun, May 4, 2025 · 01:48 PM [KUALA LUMPUR] Malaysia’s prime minister said on Sunday (May 4) he was confident that a dispute between energy company Petronas, owned by the federal government, and Petros, owned by the state of Sarawak, will be resolved through discussions with the Sarawak premier. The two companies’ long-running dispute…

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Emmanuel College admissions worker fired for allegedly soliciting applicant, 17, for sex after giving tour

Emmanuel College admissions worker fired for allegedly soliciting applicant, 17, for sex after giving tour

A Boston college admissions worker is accused of harassing a 17-year-old prospective student and offering her $400 for sex after giving her a tour around the school, federal officials alleged. Former Emmanuel College employee Jacob Henriques, 29, was arrested Friday after he targeted four potential students, sharing pornography with their phone numbers and soliciting commercial…

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Who Is Greg Abel? Warren Buffett’s Successor as Berkshire Hathaway CEO Is Canadian-Born Billionaire Who Is a Doting Dad and Leads a Humble Life

Who Is Greg Abel? Warren Buffett’s Successor as Berkshire Hathaway CEO Is Canadian-Born Billionaire Who Is a Doting Dad and Leads a Humble Life

Greg Abel, who has been chosen by Warren Buffett as the next CEO of Berkshire Hathaway, is a Canadian-born near-billionaire who, despite his wealth, leads a humble and down-to-earth lifestyle in Des Moines, Iowa, and has devoted several years to the company. Abel is one of Buffett’s most trusted lieutenants. Abel, 62, has been with…

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Straco chair Wu Hsioh Kwang elevates his stake

Straco chair Wu Hsioh Kwang elevates his stake

[singapore] Over the four trading sessions from Apr 25 to 30, institutions were net buyers of Singapore stocks, with net institutional inflow of S$56.4 million, reversing the preceding five sessions’ institutional outflow of S$14 million. This brings the net institutional outflow for the 2025 year to Apr 30 to S$1.73 billion. Institutional flows The stocks…

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