BP’s board has appointed its first female chief executive in a bid to revive the oil company’s fortunes, after ousting Murray Auchincloss less than two years into his role. In an unexpected leadership shake-up Auchincloss will step down as chief executive with immediate effect, but remain in an advisory role until the end of next…
A new savings vehicle, dubbed “Trump accounts,” is designed to help the rising generation of American children build wealth into adulthood. Under the multitrillion-dollar tax and spending bill signed by President Donald Trump in July, the federal government will contribute $1,000 to accounts set up for every American baby born in the next few years. The initiative got…
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images Coinbase is making its biggest push yet to reposition itself as a mainstream trading and financial platform, moving beyond crypto and into the broader retail…
New Delhi: The International Monetary Fund (IMF) is likely to raise India’s GDP growth forecast for the current fiscal year closer to 7%, former IMF deputy managing director Gita Gopinath said on Wednesday.“This Oct, IMF revised up India’s growth for 2025 to 6.6%. But that came in before the second quarter growth numbers came out….
Coinbase is taking its biggest step yet into the broader financial sector. On Wednesday, the company announced customers will now be able to trade stocks on its platform, and also place bets on a wide range of events through a partnership with prediction market startup Kalshi. The moves signal that Coinbase is moving beyond its…
New Delhi: IndiGo was quizzed on Wednesday by a parliamentary committee over the misery inflicted on passengers by its mass-cancellation of flights, but it blamed a variety of factors, including system glitch and adverse weather conditions, while DGCA and the aviation ministry parried off criticism of their role in the fiasco.Some committee members termed replies…
The Micron Technology offices in San Jose, California, US, on Tuesday, Dec. 16, 2025. David Paul Morris | Bloomberg | Getty Images Micron Technology reported fiscal first-quarter results on Wednesday that beat Wall Street expectations for sales and earnings per share, and provided a strong forecast for the current quarter. Micron shares rose 5% in…
Amazon CEO Andy Jassy dropped an AI bombshell on employees today, announcing that Rohit Prasad—who has led Amazon’s so-called AGI (artificial general intelligence) team since 2023, overseeing the development of the company’s Nova models—will depart at the end of the year. Prasad previously served as the head scientist behind Amazon’s Alexa voice assistant, a role…
Now that the U.S. has seized a Venezuelan oil tanker and President Donald Trump has declared an oil blockade, the results could “devastate” Venezuela’s struggling economy and put further pressure on President Nicolás Maduro and possible regime change, according to geopolitical and energy analysts. The big question is how far the U.S. will take the…
Ministers and senior MPs have warned that the UK’s agreements with Donald Trump are “built on sand” after the Guardian established that the deal to avoid drug tariffs has no underlying text beyond limited headline terms. The “milestone” US-UK deal announced this month on pharmaceuticals, which will mean the NHS pays more for medicines in…