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

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

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

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

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

Pope Francis visits two fragile African countries

Pope Francis visits two fragile African countries

VATICAN CITY, Jan. 29 (Reuters) – Pope Francis on Tuesday embarks on a journey to two fragile African nations often forgotten by the world, where protracted conflicts have left millions of refugees and displaced people struggling with hunger. The visit from January 31 to February 5 to the Democratic Republic of the Congo (DRC) and … Read more

Unilever appoints former Heinz exec Schumacher as CEO

Unilever appoints former Heinz exec Schumacher as CEO

Becomes CEO on July 1 Activist shareholder says he met Schumacher at Heinz First outsider CEO since the appointment of Paul Polman in 2008 Unilever shares surpass FTSE 100 LONDON, January 30 (Reuters) – Unilever on Monday appointed Hein Schumacher to replace Alan Jope as CEO from July, a move welcomed by investors including board … Read more

The German economy contracted unexpectedly in the fourth quarter, rekindling the specter of a recession

The German economy contracted unexpectedly in the fourth quarter, rekindling the specter of a recession

Q4 GDP at -0.2% Q/Q vs forecast of 0.0% Decrease mainly due to declining private consumption Economists expect a mild recession BERLIN, Jan. 30 (Reuters) – The German economy contracted unexpectedly in the fourth quarter, figures released on Monday showed. Gross domestic product fell 0.2% quarter on quarter in adjusted terms, according to the Federal … Read more