BP is expected to ditch a target to ramp up renewable energy generation by 2030 as part of a shift back towards fossil fuels when it presents its strategy to investors this week. The chief executive, Murray Auchincloss, is poised to tell shareholders that the oil and gas company is scrapping its target to increase…
Warren Buffett surveys the concourse ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway shares got a boost after Warren Buffett’s conglomerate reported a surge in operating earnings, but shareholders who were waiting for news of what will happen to its enormous pile…
Name: Micro-retirement. Age: Coined in 2007, but surging in popularity. Appearance: Like quiet quitting, but luxe. Is this one of those things where gen Z takes an old concept, gives it a new name and pretends they invented it? Not at all. The concept is taken from a 2007 book called The 4-Hour Workweek by Timothy…
Starbucks’ corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021. Toby Scott | Lightrocket | Getty Images Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday. The cuts will not affect workers at the…
Jo Nemeth has lived without money for 10 years. When her story was recently published in the Guardian, some readers were critical of her decisions and described her as a “bludger”. Jo speaks to Reged Ahmad about living and working in a nine-person household, the importance of community and the limits of moneyless living You…
Nitat Termmee | Moment | Getty Images The Trump administration’s tariff policies may raise auto insurance premiums for motorists, according to a new Insurify analysis. This at a time when drivers continue to see costs soar amid pandemic-era inflation. A 25% tariff on imports from Canada and Mexico — which may take effect as soon…
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Ministers have delayed plans to regulate artificial intelligence as the UK government seeks to align itself with Donald Trump’s administration on the technology, the Guardian has learned. A long-awaited AI bill, which ministers had originally intended to publish before Christmas, is not expected to appear in parliament before the summer, according to three Labour sources…
British pop stars have failed to reach the worldwide annual charts of the year’s Top 10 biggest singles and albums for the first time in more than two decades. In 2022, UK acts such as Harry Styles and Glass Animals made up seven of the 20 entries in the International Federation of the Phonographic Industry…
