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BP has warned it will write down up to $5bn (£3.7bn) from its green and low-carbon energy businesses as it pivots back towards fossil fuels under new chair Albert Manifold. The writedown will mainly affect BP’s gas and low-carbon transition units but is not expected to impact underlying profits when full-year results are published in February. BP has already cancelled hydrogen projects in the UK, Oman and Australia and is seeking to sell a stake in its solar arm, Lightsource. The announcement comes amid weaker oil trading and falling crude prices, with Brent crude averaging $63.73 a barrel in the…
The US government has cleared Nvidia to sell high-performance artificial intelligence chips to China. The Department of Commerce announced the decision on Tuesday. Officials said they reviewed domestic chip supply before acting. The move eases previous export restrictions on sensitive technology. Washington had blocked the sales over national security concerns. Officials warned the chips could strengthen China’s technology sector and military. The new policy lifts some restrictions under strict conditions. Authorities described the change as cautious and controlled. H200 processors now eligible for export The approval applies to Nvidia’s H200 processors. The chip ranks as the company’s second-most-advanced AI product.…
Sanctions and Tariffs Drive Rising Global TensionsEconomic confrontation between major powers has emerged as the most serious threat to global stability, according to the World Economic Forum’s Global Risks Report 2026. The report, released ahead of the WEF’s annual meeting in Davos, identifies geoeconomic conflict — including the growing use of sanctions, tariffs, and trade restrictions — as the top risk facing the world this year. Based on insights from more than 1,300 experts across business, government, academia, and civil society, the findings suggest anxiety is rising fast. Half of those surveyed expect the world to be “turbulent or stormy”…
Team USA has revealed its figure skating roster for the 2026 Winter Olympics, showcasing a lineup that is shaping up as one of the country’s most competitive ever. The selection includes top national champions, rising stars, and seasoned skaters with international experience. The roster covers all disciplines: men’s singles, women’s singles, pairs, and ice dance. Experts say the team has strong medal potential across multiple events, combining technical skill with artistic performance. Amber Glenn, fresh off her third consecutive U.S. Figure Skating Championship, leads the women’s squad. Her consistency, jumps, and artistry make her a serious contender for the Olympic…
Alphabet, Google’s parent company, has officially crossed a historic financial milestone, becoming one of only a handful of companies in the world valued at more than $4 trillion. It now sits alongside Nvidia, Microsoft, and Apple — and just behind Nvidia as the world’s second-most valuable firm. The surge reflects investor confidence in artificial intelligence and Google’s determination to remain at the center of the AI revolution. AI Momentum Fuels Alphabet’s Market Surge Tech stocks have been on a relentless upward climb over the past year, powered by soaring expectations around artificial intelligence. Alphabet’s share price has risen roughly 75%…
Diageo is reportedly considering selling its Chinese assets as part of a strategic overhaul under its new chief executive, Dave Lewis. According to Bloomberg News, the Guinness and Johnnie Walker owner is working with Goldman Sachs and UBS to review its China operations amid falling sales. Diageo’s holdings include a majority stake in Sichuan Swellfun, a Shanghai-listed distributor of baijiu whose shares have dropped sharply over the past year. Lewis, who took over in January and previously led turnarounds at Unilever and Tesco, is known for aggressive cost-cutting and portfolio simplification. Diageo faces multiple pressures, including weaker Chinese demand, high…
Washington under pressure President Trump confronts a pivotal decision on Iran. Ten days ago, he warned the United States would protect Iranian protesters if authorities used violence. He said American forces were locked, loaded, and ready to act. At that time, the crackdown had not fully escalated. Now, reports reveal the full scale of repression. The world watches closely for Trump’s next move. White House press secretary Karoline Leavitt said only the president knows his plans. She added the world can continue guessing. Uncertainty now dominates Washington. Observers question how long patience can hold. Considering military options Senior officials plan…
Same-sex sexual behaviour is widespread among non-human primates and may help groups stay cohesive under environmental and social pressure, researchers say. Writing in Nature Ecology & Evolution, scientists analysed reports across 59 primate species, including chimpanzees, Barbary macaques and mountain gorillas. The study, led by researchers from Imperial College London, suggests the behaviour is more common in harsh environments where food is scarce and predation risks are higher. The findings indicate such behaviour may reduce tension, reinforce bonds and stabilise complex social hierarchies, particularly in long-lived species and those with large, competitive groups. Co-author Prof Vincent Savolainen said the pattern…
Germany’s chancellor is throwing his weight behind a new free trade agreement with India, signalling that the European Union could seal a long-awaited deal by the end of this month. The push comes just days after EU countries approved the controversial Mercosur agreement — a pact that has already sparked political backlash across the bloc. Merz Signals Fast-Track Deal With India Speaking during a visit to India, German Chancellor Friedrich Merz said European Commission President Ursula von der Leyen and European Council President Antonio Costa could travel to New Delhi before the end of the month to formally sign an…
West Ham United edged past Queens Park Rangers in the FA Cup as Taty Castellanos scored the extra-time winner to secure a 2-1 victory. The result ended a long winless run for West Ham and offered brief respite for head coach Nuno Espírito Santo, despite his side being pushed hard by Championship opposition. Castellanos impressed throughout and capped his display by heading home from a Crysencio Summerville cross, raising hopes that West Ham may finally have found a reliable striker. Summerville also scored earlier and delivered one of his strongest performances since joining the club. QPR forced extra time through…