Exxon crushes Western oil company profits by $56 billion by 2022

Exxon crushes Western oil company profits by  billion by 2022

HOUSTON, Jan. 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted a net profit of $56 billion for 2022, the company said Tuesday, taking home about $6.3 million an hour last year and not just set a company record, but also a historic high point for the Western oil industry. Oil companies are expected to break … Read more

US requests Tesla driver-assist documents; company raises capex forecast

US requests Tesla driver-assist documents;  company raises capex forecast

WASHINGTON, Jan. 31 (Reuters) – Tesla Inc (TSLA.O) announced on Tuesday that the US Justice Department has sought documents related to its Full Self-Driving (FSD) and Autopilot driver assistance systems as regulations tighten. The automaker said in a filing that it has “received requests from the DOJ for documents related to Tesla’s Autopilot and FSD … Read more

The Norwegian wealth fund posts a record loss of $164 billion

The Norwegian wealth fund posts a record loss of 4 billion

The loss in 2022 surpasses the previous record set in 2008 Inflation and geopolitical tensions remain risk factors Record inflow of money from the oil and gas industry OSLO, Jan. 31 (Reuters) – The Norwegian wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion kroner ($164.4 billion) for 2022, … Read more

Turkey’s advance in Iraq brings with it a deeper conflict

Turkey’s advance in Iraq brings with it a deeper conflict

SARARO, Iraq, Jan. 31. (Reuters) – Three Turkish military outposts, towering over the abandoned village of Sararo in northern Iraq, pierce the skyline, part of a raid that forced residents to flee after days of shelling last year. The outposts are just a few of dozens of new military bases Turkey has established on Iraqi … Read more

Adani’s crucial share sale 85% subscribed as institutions pumped funds

Adani’s crucial share sale 85% subscribed as institutions pumped funds

MUMBAI, Jan. 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale moved closer to full subscription on Tuesday as investors pumped in cash after a tumultuous week for his group in which the shares were ravaged by a destructive short-seller -report. The secondary share sale of flagship Adani Enterprises (ADEL.NS) was 85% underwritten … Read more

Scholz’s bid to rally Ukraine’s support in South America fails

Scholz’s bid to rally Ukraine’s support in South America fails

SANTIAGO/BRASILIA, Jan. 30 (Reuters) – German Chancellor Olaf Scholz’s bid this week to rally support for Ukraine in the face of the Russian invasion on his first South American tour fell through, with Brazilian President Luiz Inacio Lula da Silva reiterated his view of both sides shared guilt. Scholz has attempted to project unity in … Read more

Australian nuclear body joins search for missing radioactive capsule

Australian nuclear body joins search for missing radioactive capsule

MELBOURNE, Jan. 31 (Reuters) – Australia’s nuclear safety agency said on Tuesday it had joined the hunt for a small radioactive pod that went missing somewhere in the outback, sending a team of specialist car-mounted and portable detection equipment . Authorities have now spent a week searching for the capsule believed to have fallen from … Read more

Western allies disagree on jets for Ukraine as Russia claims gains

Western allies disagree on jets for Ukraine as Russia claims gains

Biden says “no” when asked about F-16s for Ukraine Zelensky says Moscow is seeking “big revenge.” Russian administrator claims foothold in Vuhledar Kiev could recapture ground if western weapons arrive – group KYIV, Jan. 31 (Reuters) – Ukraine’s defense minister will meet President Emmanuel Macron in Paris on Tuesday amid a debate among Kyiv’s allies … Read more

US stops granting export licenses to China’s Huawei – sources

US stops granting export licenses to China’s Huawei – sources

Jan 30 (Reuters) – The Biden administration has stopped approving licenses for US companies to export most items to China’s Huawei, according to three people familiar with the matter. Huawei has faced U.S. export restrictions around items for 5G and other technologies for several years, but U.S. Department of Commerce officials have issued licenses to … Read more

Biden says no F-16s for Ukraine as Russia claims profit

Biden says no F-16s for Ukraine as Russia claims profit

Russian administrator claims foothold in Vuhledar Kiev says Russian profit comes at a huge cost Think tank says slowdown in Western weapons has held back Ukraine’s advance KYIV, Ukraine/WASHINGTON Jan 30 (Reuters) – The United States will not provide the F-16 fighter jets Ukraine has been looking for in its fight against Russia, President Joe … Read more