As gas prices increased and the fourth quarter’s results exceeded expectations, Equinor on Wednesday announced a record $74.9 billion adjusted operating profit for 2022, more than doubling its previous high. This news helped to increase the company’s stock price by 7%. The adjusted earnings before tax and interest for the Norwegian oil and gas producer…
What happened to the world’s longest happ Officials said on Monday that Britain is pushing ahead with work on a potential digital pound that could be in use by the second half of this decade and help prevent the fragmentation of an electronic cash system dominated by tech or banking behemoths. As part of a…
For generations, society has debated whether or not money brings happiness. Now, a new book has some answers backed up by data. According to Robert Waldinger and Marc Schulz, authors of “The Good Life,” the simple answer is: No, money cannot buy happiness. According to the findings of the Harvard Study of Adult Development, the…
Amazon.com Inc, the online retailer that has long been feared of disrupting the grocery industry, believes it has fallen short. Chief Executive Andy Jassy said on Thursday, in a rare appearance on the company’s quarterly results call, that the company has paused expansion of its Fresh supermarkets and cashier-less convenience stores until it finds the…
Meta Platforms Inc stocks closed about 23% higher on Thursday, sparking a rally in the technology sector after Facebook owner Mark Zuckerberg stunned Wall Street by lowering its spending forecast and increasing its stock buyback plan by $40 billion. The company’s market value increased by more than $90 billion, and the stock had its best…
The stricter cost controls implemented by Meta Platforms Inc this year, as well as a new $40 billion share buyback, sent shares soaring on Wednesday, as CEO Mark Zuckerberg declared 2023 the “Year of Efficiency.” The parent company of Instagram and Facebook, which has struggled amid a broad post-pandemic slump in digital ads, is focusing…
According to his former boss at food group Heinz, incoming Unilever CEO Hein Schumacher gets seasick, but that hasn’t stopped him from joining and sticking with executive sailing trips. “Every year, I’d bring nine of our most promising executives to Florida – just me and them, not their bosses. One year, we were on a…
The majority of Adani Group shares plunged on Monday as the Indian conglomerate’s response to criticism from a U.S. short-seller fell flat with investors, escalating a market meltdown that has already cost the company’s stock $65 billion in losses. The Indian business, led by Asia’s richest man Gautam Adani, has been at odds with Hindenburg…
The employees who have lost their jobs as a result of the demise of regional airline Flybe should apply for positions with EasyJet and Ryanair, according to the two budget airlines. Flybe went into administration on Saturday, laying off 277 people. The British Airline Pilots’ Association (Balpa) said it received phone calls from concerned Flybe…
Global mining company Rio Tinto says it is collaborating with authorities to locate a radioactive capsule that had gone missing in Western Australia earlier this month. “We recognise this is clearly very concerning and are sorry for the alarm it has caused,” the firm told the BBC. The casing contains a trace amount of radioactive Caesium-137,…
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