business
LONDON, Jan 16 — Gold, silver, copper, and tin all reached record highs today, extending a metals rally that has drawn investors seeking alternatives to traditional assets. The surge marks a dramatic start to 2026 for commodities markets. Investors are piling into metals as a red-hot investment option. Gold prices have
business
LONDON, Jan 16 — BP expects to book US$4 billion to US$5 billion in fourth-quarter impairments, primarily tied to its low-carbon energy businesses, as the company redirects spending toward oil and gas to boost returns under new leadership. The impairments reflect a strategic shift under chairman Albert Manifold and
business
LONDON, Jan 16 — Climate activist shareholder group Follow This and over 20 other investors filed resolutions on Wednesday calling on BP and Shell to disclose how they will create value if global demand for oil and gas declines. The resolutions demand that the energy giants outline their strategies for maintaining
business
NEW YORK, Jan 15 — Oil prices fell approximately 4% on Thursday, ending a five-day rally after U.S. President Donald Trump said Iran's crackdown on protesters was easing, reducing concerns about potential military action and supply disruptions. Brent crude futures settled at $64.50 per barrel, down 4.
business
NEW YORK, Jan 16 — US stocks rose on Thursday, ending a two-day decline, driven by strong quarterly results from major banks and a chipmaker's performance. Morgan Stanley and Goldman Sachs shares surged after reporting upbeat earnings, contributing to the market's gains. Taiwan-based chipmaker TSMC's
business
NEW YORK, Jan 15 — U.S. stocks ended higher on Thursday, snapping a two-day losing streak as a surge in semiconductor and financial shares bolstered investor confidence. The Dow Jones Industrial Average rose 0.56 percent to 37,468.61. The S&P 500 gained 0.88 percent to
science
TOKYO, Jan 16 — Scientists have discovered a tiny creature in coral-rich waters off Japan that appears to be "solar-powered," resembling a cartoon character more than an actual animal. The discovery was made by researchers studying marine life in the region. Details about the animal's specific mechanisms
business
MADRID, Jan 15 — Spain will establish a sovereign wealth fund named "Spain Grows" to invest in housing supply and national security, Prime Minister Pedro Sanchez announced on Thursday. The fund aims to extend economic stimulus beyond the 2026 expiry of the European Union's Next Generation funds,
politics
WASHINGTON, Jan 15 — Madison Sheahan, the deputy director of US Immigration and Customs Enforcement (ICE), resigned Thursday to run for Congress in Ohio, challenging Democratic Representative Marcy Kaptur. Sheahan, 28, announced her departure and congressional bid in social media posts. She plans to challenge Kaptur for Ohio's 9th
business
CALIFORNIA, Jan 15 — Publishers Hachette Book Group and Cengage Group have asked a federal court to join a proposed class action lawsuit against Google, alleging mass copyright infringement to train its AI systems like Gemini. In their complaint, they stated Google "engaged in one of the most prolific infringements
politics
WASHINGTON, Jan 16 — US President Donald Trump met with Venezuelan opposition leader Maria Corina Machado at the White House on Thursday, discussing Venezuela's future and her Nobel Peace Prize. The lunch meeting lasted slightly over an hour and marked their first in-person encounter. Machado described the meeting as
business
SEOUL, Jan 16 — Hanwha Corp, the holding company of South Korea's seventh-largest conglomerate Hanwha Group, has decided to split into two holding entities, a move analysts say sharpens succession lines within the family-owned business. The spin-off will create two separate holding companies, according to an official announcement from