BP appoints Murray Auchincloss as permanent CEO
His appointment comes roughly four months after his predecessor Bernard Looney resigned after less than four years in the post.
UK inflation rate surprises with rise to 4%, led by alcohol and tobacco
U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December.
China’s BYD launches AI-powered smart car technology to better compete with rivals
The world’s largest maker of electric cars BYD launched its smart car system on Tuesday.
Iran warns the U.S. not to ‘tie their destiny’ to the fate of Israel’s Netanyahu
Iran’s foreign minister says Washington’s full support for Israel is “the root of insecurity in the region.”
OpenAI CEO Sam Altman opens up about being fired by the board: ‘Super caught off guard’
OpenAI CEO Sam Altman speaks out about being unexpectedly fired by the board in November, and said he felt “super confused” and was “super caught off guard.”
Fujitsu shares drop nearly 4% as its Europe chief says compensating Post Office victims is a ‘moral obligation’
Fujitsu shares fell nearly 4%, making it the second-largest loser on the Nikkei.
US FDA approves Vertex/CRISPR gene therapy for an inherited blood disorder
The U.S. health regulator approved Vertex Pharmaceuticals and CRISPR Therapeutics’ gene therapy to treat a blood disorder requiring regular blood transfusions.
China misses fourth-quarter GDP estimates, resumes posting youth unemployment data
GDP for the last three months of 2023 rose by 5.2%, missing analysts’ estimates of 5.3% in a Reuters poll.
China’s economic growth is set to slow in 2024. Here’s what Wall Street is predicting
Major investment banks expect China’s economy to grow at a slower pace in 2024 than in 2023, according to forecasts released in the last few months.
Air freight rates could spike as Red Sea attacks disrupt shipments via sea
Delays to maritime trade may prompt retailers to switch to air freight, as companies that normally ship by sea seek to ensure faster delivery, analysts said.
