The British BP’s plans to invest twice as much in oil and gas projects as in renewable energy have drawn criticism from the Green Party of England and Wales and Friends of the Earth, according to the Guardian newspaper. The publication notes that BP will set aside $7.5 billion per year for...

Under US President Joe Biden, investment bankers and deal lawyers accustomed to regulatory obstacles to their mergers face an unprecedented challenge from antitrust watchdogs who are unfazed when they lose such legal battles.   According to a Reuters analysis of announcements from the...

According to data issued on Tuesday by China's State Statistics Office, the profit of China's big industrial firms in the first 11 months of 2022 was 7.717 trillion yuan ($1.107 trillion), a decrease of 3.6 percent from the same period in 2021. Chinese companies in the extractive industry saw a...

An entrepreneurial group was granted a conditional license and control permit by Israel's banking regulator on Sunday to launch a new online bank, the country's second in three years and the second to enter the highly consolidated banking market.   The new institution known as Esh Bank...

Ten gamers are suing Microsoft to prevent the company from merging with Activision Blizzard, the company that makes Call of Duty. The Xbox console maker's acquisition of its rival for $69 billion (£56 billion), according to the lawsuit filed in a US federal court, will "create a monopoly in the...

As it tries to persuade the U.S. government to permit it to continue being owned by Chinese technology company ByteDance, well-known short-video app TikTok is offering to run more of its business at arm's length and subject it to outside scrutiny, according to people familiar with the matter....

In choppy trading on Friday, shares of Tesla Inc. hit a new two-year low as top executive Elon Musk's pledge to hold onto his Tesla stock for at least two more years failed to assuage investors.   Since the end of last year, Musk has sold shares in the most valuable automaker in the world...

Huawei officially said  late Thursday that it will generate more patent income than it pays to other companies for their patents for the second consecutive year in 2022, as it seeks to offset the impact of U.S. export restrictions on hardware sales.   According to Steven Geiszler,...

According to a press release from the agency, international ratings agency Fitch Ratings intends to withdraw Microsoft Corp.'s ratings within 30 days for commercial reasons. "For commercial reasons, Fitch Ratings intends to withdraw Microsoft Corporation's ratings on or about January 23 (about 30...