OPEC says IEA should be ‘very careful’ about discouraging oil investments
Oil producer group OPEC on Thursday lashed out at the IEA, saying the energy agency should be “very careful” about undermining industry investments.
Comcast beats estimates despite slowing broadband growth, higher Peacock losses
Comcast topped analyst expectations, despite a tough comparison to last year, when NBC aired both the Super Bowl and Beijing Olympics during the first quarter.
Recession risk and inflation fears creating ‘a huge amount of confusion’ for investors, strategist says
Bob Parker, senior advisor at International Capital Markets Association, said investor confusion appeared to be emerging as a big theme in financial markets.
TotalEnergies sheds Canadian oil sands, boosts output in lower-price environment
TotalEnergies said on Thursday it had accepted an offer to sell its carbon-heavy Canadian oil sands operations to Suncor Energy for $4.1 billion.
The EU outlined its plan to equalize drug access and lower prices. Pharma firms are not happy
A proposal for the biggest shake-up in pharma rules for decades has finally arrived, but companies say they could take their innovative medicines elsewhere.
Barclays posts 27% rise in net profit for the first quarter, beats expectations
London-based bank Barclays reported first quarter results ahead of consensus on Thursday, with income boosted by higher rates and credit cards.
Oil major BP braces itself for shareholder revolt after scaling back its climate targets
BP is bracing itself for a shareholder revolt on Thursday after the oil major rolled back its emission reduction targets in the wake of record profits.
Singapore hikes property tax in latest round of cooling measures
Both local and foreign buyers of residential properties will now have to pay higher additional buyers’ stamp duties, which will take effect from today.
Deutsche Bank logs 11th straight quarterly profit, reveals job cuts
Deutsche Bank on Thursday reported a net profit of 1.158 billion euros ($1.28 billion) for the first quarter.
Fintech giants Klarna and Block slam ‘outdated’ UK buy now, pay later regulation proposals
Executives at two of the world’s biggest buy now, pay later firms say that the U.K. regulation plans will result in disproportionate friction for consumers.
