Britain’s Shell and Norway’s Equinor on Thursday announced plans to combine their British offshore oil and gas assets to create a jointly owned energy company.
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Britain forecast to reach peak gasoline this year in landmark moment for electric vehicles
Britain is forecast to hit “peak petrol” in 2024, according to a new report, with EVs on track to assume a much bigger share of the country’s car market.
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South Korean President Yoon faces impeachment: How did we get here?
South Korean President Yoon Suk Yeol is facing impeachment by parliament after he declared martial law only to revoke it 6 hours later amid immense backlash.
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South Korea’s short-lived martial law declaration rattled markets. Here’s what’s next for stocks
An extraordinary political drama in South Korea is likely to compound an already gloomy outlook for Asia’s fourth-largest economy, analysts say.
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JetBlue cuts more unprofitable routes, tweaks Europe flights
JetBlue is in the middle of a new plan to return to consistent profitability and cut costs.
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Bank of England’s Bailey signals four interest rate cuts in 2025 if inflation cools
The Bank of England governor spoke to the Financial Times about the central bank’s projections.
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Britain wants to take the U.S. on as a global crypto hub — but the industry has its doubts
Steven Bartlett, a U.K. entrepreneur and podcaster, questioned whether the country had the risk appetite to capitalize on crypto’s “generational opportunity.”
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France’s political chaos casts long shadow over economic growth
“At a time when economic growth in France is slowing markedly, this is bad news. The public deficit will remain high, debt will continue to grow,” ING analysts said.
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December 5, 2024December 5, 2024Country, United States, Worldwide
The Endowment Syndrome: Why Elite Funds Are Falling Behind
Endowments have long been considered elite investors, but outdated strategies and skyrocketing costs are eroding their edge
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Australia’s third-quarter GDP grows at a slower-than-expected 0.3% amid higher rates and sticky inflation
Australia’s economy grew at slower than expected in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down on the slowing economy.