PetroChina Profit Jumps to Record on Surging Prices, Output
PetroChina posted a record annual profit following a global spike in energy prices and rising output of oil and gas.
Bloomberg Business
Erdogan’s Election Headache Grows as Allies Clash on Candidates
Turkish President Recep Tayyip Erdogan’s fledgling electoral alliance is fraying over a dispute about parliamentary candidates that could threaten his two decades of control with elections just six weeks away.
Yellen Says International Aid Programs Crucial to US Leadership
Treasury Secretary Janet Yellen said the Biden administration’s proposed spending on international aid and investment programs, exemplified by assistance for Ukraine, would strengthen Washington’s leadership abroad and advance US security interests.
OCI Plans Strategic Review as Activist Ubben Urges Shake Up
OCI NV said it will conduct a strategic review after one of its largest shareholders, activist investor Jeff Ubben, urged it to consider asset sales to unlock value.
ECB’s Lane Says More Hikes Needed If Bank Woes Are Contained
(Bloomberg) — The European Central Bank will need to increase interest rates further if recent tensions in the financial system stay contained, Chief Economist Philip Lane told Zeit in an interview.
US and EU Near Critical Minerals Accord to Unlock US Subsidies
The European Union and the US are nearing an agreement on critical minerals that would provide EU companies access to some of the massive green subsidies offered in President Joe Biden’s Inflation Reduction Act.
Asia’s 50 Best Restaurants List Has a New Winner for 2023
It was a good year to eat in Bangkok and Tokyo according to World’s 50 Best awards.
Porsche SE Wins Crucial Ruling in Stuttgart Investor Suit
Porsche Automobil Holding SE won a crucial ruling in a €900 million ($976 million) class-action style lawsuit from investors who claimed the company should have warned shareholders about the diesel-emission software rigging at Volkswagen AG.
LGIM Warns Investors All Asset Classes Face Transition Fallout
Legal & General Investment Management says costs for technologies, such as renewable energy and electric vehicles, have fallen sharply over the past decade.
Self-Driving Startups Try to Turn Big Rigs Into Fuel-Sippers
Applying automation to heavy-duty trucks will yield more than just safety benefits.
