Petrobras Captures Carbon to Ramp Up Gas Production, and Calls It Green
The effort comes as the oil and gas industry is looking at carbon capture as a way to paint itself as part of the solution to climate change.
Bloomberg Business
Planned Layoffs Have Quadrupled So Far This Year in the US
US companies have announced more job cuts this year than during all of 2022, according to executive coaching firm Challenger, Gray & Christmas Inc.
Crypto Rues Bitcoin’s Decoupling From AI-Fueled Tech Stock Gains
Crypto fans are now paying a price for Bitcoin’s weakened correlation with technology stocks.
Bangladesh Plans Higher Taxes in Budget in IMF Reforms Test
Bangladesh proposed raising taxes and boosting spending in its annual budget Thursday in a test of Prime Minister Sheikh Hasina’s prudent policymaking over populism ahead of elections due next year.
Tycoon Benko Sells Austrian Furniture Stores to Boost Cash
Billionaire Rene Benko’s property and retail company sold Austrian furniture stores to boost cash to fund development projects amid a crunch in commercial property prices and a squeeze on lending. Bonds issued by his conglomerate rallied.
Pakistan Keeps Asia’s Fastest Inflation Title for Second Month
Pakistan’s inflation has hit another record high, making it Asia’s fastest for a second month, just days before the national budget is due to be unveiled by a government facing unprecedented economic challenges.
French Retailer Casino’s CEO Questioned in Share Price Manipulation Probe
Casino Guichard Perrachon SA’s chief executive, Jean-Charles Naouri, was being questioned by financial police on Thursday as part of an investigation into allegations of share-price manipulation and insider trading.
Tories Ramp Up Pressure on Sunak to Abolish UK Inheritance Tax
A group of Conservative politicians who previously supported Liz Truss and Boris Johnson are trying to convince Prime Minister Rishi Sunak to abolish UK inheritance tax, as his government considers reforming the levy to boost the struggling party’s chances at the next general election.
Inside the Making of Redfall, Xbox’s Latest Misfire
After Microsoft paid $7.5 billion for its parent company, Arkane Studios’ Redfall has been blasted by critics and players
Exxon Bets on China Chemicals Growth Even as US Relations Sour
Exxon Mobil Corp. is forging ahead with a multi-billion-dollar petrochemical complex that’s the cornerstone of its growth strategy in China, even as political tensions push other corporations to reassess their exposure there.
