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BP chair Manifold hits back at ‘false’ misconduct claims
BP’s ousted chair has hit back at the group’s decision to fire him over governance issues, launching a robust defence of his short-lived tenure on the supermajor’s board and rejecting the “false narrative” surrounding his sudden departure. In a move poised to plunge the London-listed energy giant into a full-blown governance crisis, Albert Manifold defended his record as chair, and said he drove “genuine change at BP – cutting costs, challenging excess and holding the organisation to higher...
78,000 Samsung Workers Set For Rs 3 Crore Bonuses After Big AI Profits
Around 78,000 employees from the company's 125,000-strong domestic workforce are eligible to receive a bonus of roughly $370,000 this year
Ousted BP chairman hits back at ‘false narrative’ over conduct
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Poem etched in field to mark Heathrow’s 80th anniversary
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Former BP boss hits back at oil giant after his ousting
The former chairman of BP has come out swinging against his ousting, saying no one has ever made the kinds of bullying accusations levelled against him in recent days.
HDFC Bank shares drop 2% on reports of probe regarding Rs 45 cr interest payments
HDFC Bank share price today: Shares of HDFC Bank, India’s largest private sector bank, dropped as much as 2% on Wednesday after a newspaper report alleged that the bank had made improper payments to a state government agency in an effort to attract deposits.
Goldman Strategists Lift S&P 500 Target to 8,000 on AI, Earnings
Strategists at Goldman Sachs Group Inc. joined peers at Morgan Stanley and Deutsche Bank AG in seeing a 17% return for the S&P 500 Index this year.
National Bank of Greece in Cyprus Goes Live With Smartstream’s Air to Consolidate Reconciliations
Smartstream, the trusted data solutions provider for leading global financial institutions and enterprises, today announces that the National Bank of Greece (NBG) in Cyprus has successfully gone live with Air, the company’s AI-enabled reconciliation solution. The go-live marks a significant step forward in the bank’s operational efficiency, reducing daily manual processing effort and eliminating the complexity of working across multiple data formats. The bank has deployed Air’s Cash module, r...
Trump risks triggering financial crisis with Iran war, warns ECB
Vice-president Luis de Guindos says Washington’s volatile trade policies and reduced co-operation also threaten stability
ECB Sees Danger of Sudden and Sharp Repricing in Markets
Financial markets are in danger of a sudden and significant correction, with investors downplaying threats from factors including the Iran war, the European Central Bank warned.
FX Hedging Gains Steam at US, UK Firms as War Sparks Volatility
Companies in the US and the UK ramped up their currency hedges last quarter as the war in Iran roiled global markets, an industry survey shows.
Amazon’s annual UK tax bill rises to top £1.3 billion
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Merz Advisers Slash German Growth Forecast, See Faster Inflation
Economic advisers to German Chancellor Friedrich Merz almost halved their forecast for growth this year as the war in the Middle East and US trade policy weigh on activity.
France Sticks to Plans to Narrow Deficit as Iran War Weighs
French Finance Minister Roland Lescure reiterated the government’s goal to reduce the deficit to 5% of output this year and below 3% in 2029 even as the Iran conflict weighs on the economy.
What is happening to my energy bill and what can I do?
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Lufthansa Says Fuel Supply Stable, Urges Summer Bookings
Deutsche Lufthansa AG reassured customers that fuel supply is stable and urged passengers to “absolutely” book summer vacations, an appeal that comes as Europe’s largest airline group depends on peak travel demand to meet its financial goals.
HK Banks Tighten Scrutiny of Chinese Clients After Trading Curbs
Hong Kong banks are ramping up scrutiny of mainland Chinese clients opening savings and investment accounts, part of a broader push to stem capital flight after Beijing launched an unprecedented crackdown on illegal cross-border trading.
Price-Action Is Bearish Even at Records: 3-Minutes MLIV
Joumanna Bercetche, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
The China Factor In The New India-US Critical Minerals Deal
The United States and other nations depend heavily on China for these minerals. But in recent years, especially under President Donald Trump's administration, Washington has pushed to diversify its sourcing to reduce reliance on Beijing.
European Stocks Near Record as Tech Rallies, Oil Prices Ease
European stocks gained, edging closer to their pre-war record high, as technology shares climbed and easing geopolitical tensions sent oil prices lower.