British multinational oil and gas giant Shell has reported a notable downturn in its annual profits for 2024. The company attributed this decline to a series of challenging market conditions, including increased exploration write-offs, compressed trading margins, and declining crude oil prices in the last quarter of the year. Specifically, Shell’s adjusted earnings for the
World
In a notable financial milestone, Norway’s sovereign wealth fund, formally known as the Government Pension Fund Global (GPFG), has announced an impressive profit of 2.5 trillion kroner (approximately $222.4 billion) for the fiscal year 2024. This figure not only surpasses the previous record of 2.22 trillion kroner from 2023 but also underscores the resilience and
The financial world is often a turbulent landscape characterized by rapid fluctuations and investor anxiety, especially in the technology sector where innovation is relentless. A notable instance of this volatility occurred recently with Nvidia, a stalwart in artificial intelligence (AI) chip manufacturing. After experiencing the largest single-day market cap decline in stock market history, Nvidia’s
The Japanese semiconductor industry finds itself grappling with significant challenges as the landscape of artificial intelligence (AI) experiences unprecedented shifts. In particular, the rise of the Chinese startup DeepSeek poses a direct threat to Japan’s chip-related enterprises. With its innovative AI technologies, DeepSeek has invested just $6 million to develop a competitive large-language model in
On a momentous Saturday, tens of thousands of citizens took to the streets of Berlin and other key cities in Germany, expressing their concerns about the escalating influence of the far-right, anti-immigrant Alternative for Germany (AfD) party. This protest not only represented dissent against the AfD, which seems poised to make significant electoral gains in
The recent hostage exchange between Hamas and Israel marks a significant yet bittersweet moment in the ongoing violence and complex political landscape shaped by the Gaza conflict. On Saturday, Hamas released four female Israeli soldiers in exchange for around 200 Palestinian prisoners, forging a precarious truce meant to end a war ravaging Gaza for 15
The upcoming earnings season presents a significant opportunity for investors looking to maximize returns by focusing on companies with positive earnings momentum. As a substantial number of firms within the S&P 500 and the Dow Jones Industrial Average prepare to disclose their financial results for the fourth quarter, the attention shifts to understanding the underlying
In an era dominated by rapid advancements in technology and a booming demand for artificial intelligence (AI), SK Hynix, a prominent player in the semiconductor industry, reported staggering financial results for the fourth quarter of 2023. The South Korean memory chip manufacturer not only set a record in quarterly earnings but also experienced significant year-over-year
In an unexpected move that has reignited discussions on international trade, former President Donald Trump recently indicated that his administration is contemplating a 10% tariff on Chinese goods. This tariff is slated to potentially come into effect on February 1. Trump labeled this action as a direct response to China’s exportation of fentanyl to neighboring
The inauguration of President Donald Trump marked a significant pivot in U.S. energy policy, characterized by a series of executive orders designed to promote fossil fuel production while scaling back environmental commitments made by the previous administration. This article delves into the implications of Trump’s energy strategy, exploring its potential effects on industry dynamics, environmental