BP's trading arm made nearly US$4 billion in 2020, according to a copy of an internal BP presentation seen by Reuters, almost equalling the record trading profit in 2019 despite the collapse in oil demand caused by the pandemic.
Ryanair, Easyjet and other low-cost airlines have written to the European Union asking that its plan to force carriers to use a certain share of sustainable fuels apply to all flights, not just short-haul ones.
SAN FRANCISCO: Facebook has decided to halt its efforts to build a trans-Pacific undersea cable that would have connected California and Hong Kong, due to tensions between the United States and China. "Due to ongoing concerns from the US government about direct communication links between the ...
NEARLY three in four (74 per cent) consumers in Singapore are shopping online more frequently as a result of the Covid-19 pandemic, a Visa study showed. One-third (31 per cent) of Singaporeans also made an online purchase for the first time.
SINGAPORE: Waste management companies should build up “capabilities” that “few other people can have” so they can look abroad, Minister for Trade and Industry Chan Chun Sing said on Thursday (May 11). “Once we have achieved that competitive advantage, then we can scale, and we can look at the ......
HSBC will phase out its support for the coal industry in the developed world by 2030 and in the developing world by 2040, the bank said on Thursday, bowing to investor pressure to toughen its stance on fossil fuel financing.
Asian stocks were set to open slightly higher, following Wall Street's momentum, after a report on U.S. consumer prices calmed concerns about inflation, helping steer the Dow Jones Industrial Average to a record close.
South Korean battery maker SK Innovation Co Ltd said on Thursday it will not accept any proposal by rival LG Energy Solution to resolve a U.S. legal feud that would cripple SK's business in that country.
SYDNEY: The Australian government unveiled a A$1.2 billion (US$928 million) tourism support package on Thursday (Mar 11), aimed at boosting local travel while international routes remain closed because of the coronavirus pandemic. The government will subsidise 800,000 tickets on domestic flights ...
Asian stocks were set to open slightly higher, following Wall Street's momentum, after a report on U.S. consumer prices calmed concerns about inflation, helping steer the Dow Jones Industrial Average to a record close.
