Oil prices slide as supply concerns fade
Oil prices fell nearly 1% on Tuesday as investors expected Libya's oil production to eventually resume following a force majeure declared by the oil exporter on two major oilfields amid a military blockade.
Oil prices fell nearly 1% on Tuesday as investors expected Libya's oil production to eventually resume following a force majeure declared by the oil exporter on two major oilfields amid a military blockade.
Global shares took a beating on Tuesday, wiping out all gains made at the start of the week as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets.
BP's finance chief Brian Gilvary is to step down in June after eight years in the role and will be replaced by a close ally of Bernard Looney who takes over as chief executive next month.
KFC apologized for an advertisement in Australia that shows two young boys staring at a woman's breasts, after calls from a local campaign group to boycott the fast-food giant over the ad it called "sexist", the Australian Associated Press reported.
European planemaker Airbus said on Tuesday that it had decided to create new A321 production capacity at its French site in Toulouse, in order to cope with strong demand.
There is a $2.5 trillion shortfall in investment to achieve the goals set by the United Nations to address climate change, health, education and food security in the developing world by 2030.
European competition authorities are expected to rule on the London Stock Exchange's $27 billion takeover of data and analytics company Refinitiv "around the summer", an LSE board member said on Tuesday.
Oil prices fell more than 1% on Tuesday on expectations that a well-supplied market would be able to absorb disruptions that have cut Libya's crude production to a trickle.
Attorneys for a former Apple Inc executive on Tuesday will try to convince a skeptical judge of a core tenet of tech startup culture - that employees can plan a competing venture while still in a job.
Huawei Chief Financial Officer Meng Wanzhou is set to return to a Vancouver court on Tuesday, where her lawyers will build on their arguments against the U.S. extradition request that they say is based a sanctions violation and not bank fraud.
Uber Technologies Inc is testing a feature that allows some drivers in California to set their fares, the Wall Street Journal reported https://www.wsj.com/articles/uber-is-testing-a-feature-that-lets-some-california-drivers-set-fares-11579600801 on Tuesday, citing a person involved in developing the feature.
McKinsey & Company | By Martin Dewhurst and Paul Willmott | Sep 2014 As artificial intelligence takes hold, what will it take to be an effective executive? What would it take for algorithms to take over the C-suite? And what will be senior leaders’ most important contributions if they do? Our answers to these admittedly
Uber has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial.
Halliburton Co beat analysts' estimates for quarterly profit on Tuesday, as higher drilling activity in international markets helped the oilfield services provider blunt a hit from slowing North America that led to a charge of $2.2 billion.
Boeing plans to carry out the first test flight of its delayed 777X airplane later this week, said two people familiar with the matter on Tuesday.