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20238 articles published since 08 Mar 2022

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Shell, Norway's Equinor to form joint UK oil and gas firm
Shell, Norway's Equinor to form joint UK oil and gas firm
Economy

British energy giant Shell and Norway's Equinor announced plans Thursday to merge their UK offshore oil and gas assets to create a new jointly owned company. - Legal case - Under the deal, Equinor will retain ownership of three oil and gas cross-border assets between Norway and Britain, along with its offshore UK wind farms.

British regulator approves Vodafone UK, Three merger
British regulator approves Vodafone UK, Three merger
Economy

Vodafone and Three, the UK division of Hong Kong-based CK Hutchison, are set to create Britain's biggest mobile phone operator after the country's competition regulator backed the deal Thursday. Vodafone said the enlarged group will create "a new force in UK mobile, unleashing more competition and investment to transform the UK telecoms landscape".

Chinese shopping app Temu suspended in Vietnam: state media
Chinese shopping app Temu suspended in Vietnam: state media
Economy

Chinese shopping app Temu has been forced to suspend its services in Vietnam after it failed to register with authorities, state media said on Thursday. Goods ordered on Temu were no longer being cleared through customs in Vietnam, state media reported, after the company missed an end-of-November deadline to register with the ministry of industry and trade.

Bitcoin hits $100,000 for first time
Bitcoin hits $100,000 for first time
Economy

Bitcoin broke the $100,000 mark for the first time Thursday on hopes US president-elect Donald Trump will push through measures to deregulate cryptocurrencies when he takes office next month.

OPEC+ expected to extend oil supply cuts
OPEC+ expected to extend oil supply cuts
Economy

The OPEC oil cartel and its allies are expected Thursday to extend their supply cuts to avoid a sharp drop in prices in a global market awash in crude. Analysts at DNB bank said "there is no room for additional OPEC+ oil in 2025" on the market and a boost in output would push down crude prices.

OpenAI chief 'believes' Musk will not abuse government power
OpenAI chief 'believes' Musk will not abuse government power
Economy

OpenAI CEO Sam Altman expressed confidence Wednesday that Elon Musk would not use his proximity to Donald Trump to harm business rivals, calling such actions "profoundly un-American." "It would be profoundly un-American to use political power to hurt your competitors and advantage your own businesses."

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