The billions in profits announced by TotalEnergies and Shell on Thursday have revived the debate over windfall taxes on the thriving energy giants.. In London meanwhile, British energy giant Shell announced net profit totalling $6.7 billion in the third quarter.
IMF chief Kristalina Georgieva on Thursday said financial pledges for Ukraine by the United States and Europe should be sufficient to get Kyiv through 2023, assuming the war does not intensify.. Georgieva said the United States and EU have each pledged fresh funds to keep the Ukrainian budget afloat next year that should be enough for Ukraine, though the path of the war was unknown.
President Joe Biden was traveling to New York on Thursday to tout giant investments in semiconductor manufacturing, part of a final hour bid ahead of midterm elections to persuade Americans that the economic future is bright.. The project is part of a renaissance in high-end manufacturing that has been a cornerstone of Biden's presidency -- and he hopes will ultimately woo a broad section of voters to believe in the Democratic stewardship of the economy.
Closing in on his Twitter megadeal, Elon Musk said Thursday his goal is to enable "healthy" debate of ideas and counter the tendency of social media to splinter into partisan "echo chambers.". In his latest statement Thursday, Musk said much of the public speculation about his intentions in the deal had been "wrong" as he insisted his goals were noble.
US lawmakers on Thursday asked executives of major banks to reconsider attendance at a major conference next week in Hong Kong, saying their presence legitimizes China's clampdown in the city.. "Their presence only serves to legitimize the swift dismantling of Hong Kong's autonomy, free press and the rule of law by Hong Kong authorities acting along with the Chinese Communist Party," they said in a statement.
EU chief Charles Michel called on Thursday for closer ties with Central Asia on his first official visit to Kazakhstan, the main economic powerhouse in a region where Russia's influence has come under question.. "The European Union has a very good opportunity to strengthen its position in Central Asia," Satpayev said, He said this was especially true in Kazakhstan -- the only country in the region that has signed an enhanced partnership and cooperation agreement with the EU -- and neighbouring Uzbekistan, where Michel is expected on Friday.
The German government is reviewing a possible sale of a local chip factory to a Chinese-owned firm, sources said Thursday, despite the reported concerns of intelligence agencies.. Germany's coalition government on Wednesday allowed a Chinese firm to buy a reduced stake in a Hamburg port terminal, after Scholz resisted calls to ban the disputed sale outright over security concerns.
The US economy rebounded in the third quarter, expanding for the first time this year in welcome news for President Joe Biden days ahead of midterm elections, government data showed Thursday.. The US economy shrank 0.6 percent in the second quarter, according to revised numbers, after a larger decline in the first three months this year.
Country climate pledges leave the world on track to heat by as much as 2.6 degrees Celsius this century, according to a United Nations assessment Wednesday warning that emissions must fall 45 percent this decade to limit disastrous heating.. Last year the Intergovernmental Panel for Climate Change said that the world was likely to reach and even exceed the 1.5C Paris goal within decades, no matter how quickly emissions fall in the short term.
The once-disgraced heir to the sprawling Samsung empire was on Thursday named top executive of its most important business, two months after South Korea's president pardoned him for embezzlement and corruption convictions.. Samsung is the most powerful of South Korea's "chaebols", family-controlled empires that dominate business, and it contributes an estimated fifth of the country's GDP. Lee was imprisoned after convictions for fraud and embezzlement following a sweeping investigation that also brought down President Park Geun-hye in 2017.
