Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.ExxonMobil plans to drive up capital spending over the next four years, increasing oil and gas production and raising outlays for its low-carbon energy division after a period of self-imposed austerity following a 2020 commodity price crash. The largest US oil company by sales said it expected annual capital and exploration expenditure of $23bn-$25bn in 2024, rising to $22bn-$27bn from 2025 to 2027. That compares with an outlay of less than $23bn last year and previous forecasts of $20bn-$25bn through 2027. The…

© Reuters. FILE PHOTO: Ukrainian President Volodymyr Zelenskiy walks down the White House colonnade to the Oval Office with U.S. President Joe Biden during a visit to the White House in Washington, U.S., September 21, 2023. Doug Mills/Pool via REUTERS/File Photo By Trevor Hunnicutt and Steve Holland WASHINGTON (Reuters) -U.S. President Joe Biden pleaded with Republicans for a fresh infusion of military aid for Ukraine on Wednesday, warning that a victory for Russia over Ukraine would leave Moscow in position to attack NATO allies and could draw the U.S. into a war. Biden spoke as the United States planned to…

© Reuters. A new Renault Twingo electric car is unveiled during Renault Group capital market day for its new electric vehicle unit Ampere, in Paris, France, November 15, 2023. REUTERS/Gonzalo Fuentes/File Photo By Gilles Guillaume PARIS (Reuters) – Renault (EPA:) hopes it can lift the curse of its negative value next year thanks to the creation of two specialised businesses, Ampere and Horse, and its revamped alliance with Nissan (OTC:) and Mitsubishi, several top executives said. Although the French automaker sold more than two million vehicles last year and posted record profits for the first half of 2023, investors effectively…

arild lilleboe/iStock Editorial via Getty Images Equinor (NYSE:EQNR) shares are on track for an 8-day losing streak and have declined about 7.9% over the last 7 trading sessions. The petroleum refining company fell as much as 1.6% to a daily low of $29.72 on Wednesday. Shares of the company have fallen about 10.3% in the last 12 months. The stock has closed in the red for 13 out of 21 total trading days in November. Looking at Seeking Alpha’s Quant Rating, Equinor has a Hold rating with a score of 3.45 out of 5. The Stavanger, Norway-based company has been…

FIRST ON FOX: Sen. J.D. Vance, R-Ohio, sent a letter Wednesday to Attorney General Merrick Garland and Secretary of State Antony Blinken demanding answers regarding a recent Washington Post op-ed that he said suggested “open rebellion” against the United States.Robert Kagan, an editor at large at the newspaper, wrote a piece last week, claiming that “resistance” to former President Donald Trump, should he win the 2024 presidential election, “could come from the governors of predominantly Democratic states such as California and New York through a form of nullification. States with Democratic governors and statehouses could refuse to recognize the authority of…

It’s increasingly clear that the use of self-checkout machines leads to an increase in shoplifting.Now, new data reveals more precisely how big a hit retailers take from skipped scans.An earlier survey found nearly one in seven shoppers have intentionally stolen from self-checkout. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app There are several reasons retailers are fans of self-checkout, chief among them — higher sales.The additional revenue, however, comes with a particular cost: higher rates of missing inventory, or shrink, in industry parlance.Traditionally, there…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US state of New Mexico has accused Meta of serving underage users sexually explicit content, allowing them to be contacted by child predators and facilitating the sharing and selling of child pornography, according to a lawsuit filed on Wednesday.In the civil complaint filed against Meta and its chief executive Mark Zuckerberg, the state’s attorney-general said it had carried out an undercover investigation of the group’s Facebook, Instagram and Messenger platforms over several months, by creating “decoy accounts” of children aged 14…

© Reuters. The U.S. Capitol building is seen in Washington, U.S., December 1, 2023. REUTERS/Elizabeth Frantz/File Photo By Patricia Zengerle WASHINGTON (Reuters) – The Democratic-led U.S. Senate is due to vote later on Wednesday on an effort to advance security assistance for Ukraine and Israel, despite Republicans’ determination to block the bill in a battle over immigration policy. “The question before the Senate today is simple, yet momentous: will Senators agree to begin debate – just a debate – on legislation to defend America’s national security, on an issue so important it goes to the actual preservation of Western and…

5/5 © Reuters. FILE PHOTO: Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport due to the business downturn caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, U.S. April 28, 2020. Picture taken April 28, 2020. 2/5 By Rajesh Kumar Singh CHICAGO (Reuters) – Shortages of new planes, jet engines and pilots have left U.S. airlines with little choice but to pursue growth through acquisitions – which then puts them in the crosshairs of anti-trust regulators. Alaska Airlines surprised analysts and industry officials with its plan to buy Hawaiian Airlines for $1.9 billion…

© Reuters. FILE PHOTO: A hydrogen dispensing pump is seen at the 2016 Toyota fuel cell Mirai display at the press day for the Washington Auto Show in Washington January 22, 2015. REUTERS/Gary Cameron/File Photo By Valerie Volcovici DUBAI (Reuters) – The U.S. will release guidance for how hydrogen producers can secure billions of dollars of subsidies embedded in last year’s Inflation Reduction Act sometime this year after the COP28 climate conference in Dubai, U.S. energy advisor John Podesta told Reuters on Wednesday. Industry has been waiting anxiously for the guidance from the U.S. Treasury Department for months, as the…