Norwegian Air fires CEO in ‘surprise’ move after restructuring
Norwegian Air has sacked Chief Executive Jacob Schram who led the budget carrier through restructuring and said it was promoting Chief Financial Officer Geir Karlsen to the top job...
Asia shares hesitate, China imports underpin resources
Asian shares turned sluggish on Monday as relief over a benign U.S. jobs report was chilled by caution ahead of key inflation data, while a coronavirus outbreak in Taiwan...
Oil hits two-year high on OPEC+ discipline, demand hopes
Oil extended gains on Friday, topping $72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollout...
HeidelbergCement plans world’s first CO2 neutral cement plant in Sweden
HeidelbergCement, the world’s second-largest cement maker, on Wednesday said it plans to turn its Swedish factory in Slite into the world’s first CO2-neutral cement plant by 2030 via carbon...
Oil inches higher as upbeat demand outlook counters supply concerns
Oil prices inched higher on Friday, with Brent holding near $70 a barrel as strong U.S. economic data and expectations of a rebound in global demand outweighed concerns about...
Total, Chevron suspend payments to Myanmar junta from gas project
French oil and gas group Total and U.S. energy company Chevron have suspended some payments from a gas joint venture that would have reached Myanmar’s junta, earning praise from...
Saudi oil exports in March rise to $14 billion
The value of Saudi Arabia’s oil exports in March rose by 75% year on year to 52.3 billion riyals ($13.95 billion), official data showed on Wednesday.
Oil steady near one week high as prospect of Iran glut wanes
Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter...
Shares wary on U.S. inflation, battered bitcoin charts recovery
Stocks struggled for momentum on Monday as investors awaited key U.S. inflation readings for guidance on monetary policy, while bitcoin rebounded from its hammering on news of China’s clampdown...
RWE and BASF plan $4.9 billion wind power project
Chemicals giant BASF and German utility RWE on Friday announced a potential 4 billion euro ($4.9 billion) offshore wind power project to cut emissions at Germany’s most energy-intensive industrial...
