Azeri BTC crude loadings suspended at a major oil export hub in Turkey after earthquakes
Crude oil loadings from Turkey’s Baku-Tbilisi-Ceyhan terminal in the Mediterranean have been suspended, following earthquakes that devastated Turkey and Syria.
ByteDance is testing food delivery service via its Chinese version of TikTok
ByteDance’s Douyin is trialing a food delivery service in China “that enables merchants to promote and sell ‘group-buying’ packages.”
China’s economy will grow 5% this year, Fitch Ratings says in upgraded forecast
China’s economy will expand by 5% in 2023, Fitch Ratings said in a revised forecast on Wednesday – an improved outlook from its previous 4.1% growth prediction from December.
Maersk, a global barometer for trade, posts record 2022 earnings but warns of a tough year ahead
Maersk, one of the world’s largest container shipping firms, on Wednesday reported the best full-year result in its history.
Big Oil rakes in record profit haul of nearly $200 billion, fueling calls for higher taxes
Altogether, the five Big Oil companies reported combined profits of $196.3 billion last year, more than the economic output of most countries.
Death toll in Turkey, Syria earthquake rises to more than 16,000, hope fades
Hopes were starting to fade of finding people alive more than three days after a catastrophic earthquake hit Turkey and Syria, killing more than 16,000.
SocGen reports 64% slide in annual profits but beats market expectations
Societe Generale on Wednesday reported a 64% drop in annual net profits for 2022 and said the new year will be challenging.
Goldman Sachs picks stocks to ride the EV wave, giving one upside of 120%
Electric vehicles represent the “strongest growth potential” within autos, Goldman analysts say, naming a number of stocks to play it.
World’s largest drone maker is unfazed — even if it’s blacklisted by the U.S.
The world’s biggest drone maker DJI found itself embroiled in the Russia-Ukraine conflict last year.
The shot-down ‘spy balloon’ complicates U.S.-China relations — and could affect semiconductor rivalry
The U.S. will examine the Chinese balloon it shot down over the weekend and determine whether it was used for surveillance — and Washington will also inspect the chips that made the Chinese technology work. CNBC’s Ted Kemp reports.
