Commodity trader Trafigura reported record net profits of $5.5bn in the first half of its financial year — more than double the same period 12 months ago — underscoring the bumper earnings these groups have reaped from the energy crisis. It also paid a record $3bn dividend to be shared among about 1,200 shareholders in …
The recent announcement that the PGA Tour plans to merge with LIV Golf, a circuit it had been in a year-long feud with, sent shockwaves through the world of golf. However, the implications of this merger go far beyond the sport. Saudi Arabia, which backs LIV Golf, is set to extend its influence throughout professional …
By Manu Raju, Melanie Zanona and Morgan Rimmer | CNN A group of Republican hardliners has caused the derailment of two bills and caught GOP leaders off guard. They claim their actions are in retaliation for House Speaker Kevin McCarthy’s agreement with President Joe Biden to suspend the national debt limit. The revolt has revealed …
Inger Andersen, head of the UN Environment Programme, stated in an interview with AFP that humanity uses and abuses vast amounts of plastic due to its low cost, despite the severe pollution it causes. She emphasized the need for a binding and ambitious global treaty to address the issue. Andersen acknowledged that while recycling is …
WASHINGTON (AP) — Some of Adidas’ remaining Yeezy shoes are back on sale — months after the German sportswear company cut ties with Ye, the rapper formerly known as Kanye West. Adidas ended its yearslong partnership with Ye in late October, in light of his antisemitic remarks and other harmful behavior. In the months that …
1/3 U.S. Ambassador to South Korea Philip Goldberg gives the keynote speech during a special session on the 70th anniversary of the South Korea-U.S. alliance at the Jeju Forum for Peace and Prosperity on Thursday in South Korea. Photo by Darryl Coote/UPI JEJU ISLAND, South Korea, June 7 (UPI) — As the United States and …
The Securities and Exchange Commission (SEC) has filed lawsuits against two of the largest cryptocurrency exchanges globally — Binance and Coinbase. The lawsuits led to billions being slashed from the net worth of both CEOs. Bloomberg reported that over the past two days, Binance CEO Changpeng Zhao’s wealth dipped by $1.4 billion to $26 billion, …
Last spring, when the world went into lockdown, it never crossed our minds that we would still be dealing with the effects of the pandemic a year later. Yet, here we are. With more people receiving vaccinations, there is hope that we may soon be able to gather with colleagues and friends in person, something …
A sign reads ‘We Buy Used Cars!!’ at an auto dealership on February 15, 2023 in Glendale, California. Mario Tama | Getty Images DETROIT – Wholesale used vehicle prices reached their lowest level of the year in May, as sales fell amid high interest rates and inflated retail prices. Cox Automotive reported Wednesday a 2.7% …
A former Meta Platforms Inc. employee can take to trial all his claims, which include age and disability discrimination, against the social media platform, a judge ruled Tuesday. Los Angeles Superior Court Judge Maureen Duffy-Lewis rejected arguments by Meta attorneys that plaintiff Gary Glouner, now 58, was wrongly trying to apply California law to alleged …