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

France hit by new wave of strikes against Macron’s pension reform

France hit by new wave of strikes against Macron’s pension reform

The reform would raise the retirement age to 64 Schools, transportation networks, refinery supplies are affected Macron: Reform vital to ensure the viability of the pension system SAINT-NAZAIRE, France, Jan. 31 (Reuters) – Striking workers disrupted deliveries to French refineries, public transport and schools on Tuesday during a second day of nationwide protests over President … Read more

Three years later, Britain is still waiting for a Brexit dividend

Three years later, Britain is still waiting for a Brexit dividend

The UK is lagging behind its peers in growth, investment and trade Many economists say Brexit is contributing to underperformance Polls show that Britons are increasingly regretting leaving the EU Pro-Brexit economist Lyons: Britain’s problems have long roots LONDON, January 31 (Reuters) – Three years after leaving the European Union, Britain has yet to benefit … 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

Pakistan buries victims of mosque blast as death toll passes 90

Pakistan buries victims of mosque blast as death toll passes 90

Tragic scenes when people are looking for their loved ones Attack in fortified area baffles authorities Rescue work continues to clear the rubble of the mosque PESHAWAR, Pakistan, Jan. 31 (Reuters) – Distraught family members crowded into hospitals in Pakistan’s Peshawar on Tuesday to search for their relatives, a day after a suicide bomber attacked … 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