Oil giant Shell posts highest-ever annual profit of $40 billion
Shell said last month that windfall taxes imposed by the European Union and U.K. following the surge in profits would…
Euro zone inflation dips for a third straight month as energy prices continue to fall
Inflation in the euro zone eased in the last two months of 2022 but the economic indicator is still well-above…
In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether, as $1 is now worth 15 cents
Aerial view of the seafront Manara district near downtown Beirut. Bilwander | Getty Images When Georgio Abou Gebrael first heard…
The crisis is over for the British pound, but analysts see further weakness ahead
Traders in London. DANIEL LEAL-OLIVAS | AFP | Getty Images LONDON — The British pound is on firmer footing since…
BP rakes in quarterly profit of $8.2 billion as oil majors post another round of bumper earnings
Shares of BP are up over 45% year-to-date. Sopa Images | Lightrocket | Getty Images Oil and gas giant BP…
‘With the Wrong Prints, Your House Could Look Like a Dentist’s Office’: Collector Ralph DeLuca Shares His Insider Tips at the IFPDA Fair
It was the day before the VIP preview of the IFPDA Fine Art Print Fair when I cold called art…
Could The UK Kick Off The Next Eurozone Crisis?
Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://masterworks.art/economicsexplainedPurchase shares…
Elon Musk addresses Twitter takeover, possible recession on Tesla earnings call
Tesla reported third-quarter earnings after the bell, and executives addressed a broad range of questions during the earnings call, including…
Dow closes 800 points higher after a historic one-day turnaround
Stocks staged a massive comeback Thursday, with the Dow Jones Industrial Average surging 1,500 points from peak to trough, as…
Fed officials expect higher rates to stay in place, meeting minutes show
Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect…
Russian strikes kill 17 in Ukraine following bridge attack
A view shows a residential building heavily damaged by a Russian missile strike, amid Russia’s attack on Ukraine, in Zaporizhzhia,…
Sweden says investigation into Russian pipeline leaks strengthens suspicion of ‘gross sabotage’
Climate scientists described the shocking images of gas spewing to the surface of the Baltic Sea as a “reckless release”…
Britain’s tax cut pivot might not be enough to quell market mayhem
LONDON — The U.K. government’s reversal on scrapping the top rate of income tax is down to political optics and…
Is the UK now a buy? Analysts weigh in after market meltdown and Bank of England intervention
A security guard stands outside the London Stock Exchange building on December 29, 2020. Tolga Akmen | AFP via Getty…
Pension fund panic led to Bank of England’s emergency intervention: Here’s what you need to know
The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up…
IMF gives damning verdict on Britain’s tax cuts
The new economic measures laid out by the U.K. government “will likely increase inequality”, according to a spokesperson from the…
Pound tanking, massive tax cuts and talk of emergency hikes. Here’s what’s going on in the UK
Britain’s Prime Minister Liz Truss and Britain’s Chancellor of the Exchequer Kwasi Kwarteng. Dylan Martinez | Afp | Getty Images…