Norwegian oil and gas group Equinor (formerly Statoil) reported net profit of $4.714 billion in the first quarter of 2022, 2.5 times higher than in the same period last year, the company says. Diluted earnings per share were $1.46, compared with $0.57 a year earlier. Revenue rose 2.2 times to...

According to data, there will be enough nickel and lithium to make up to 14 million electric cars (EVs) globally in 2023, thus Europe should acquire more raw materials to accelerate the transition away from oil, according to advocacy organisation Transport and Environment (T&E).  ...

A succession of unanticipated occurrences has thrown global supply systems into disarray during the last two years. Coronavirus, the Ukraine conflict, Brexit, and a container ship stuck in the Suez Canal have all conspired to cause delays in the delivery of anything from bicycles to pet food....

Sinovac, a Chinese vaccine company, saw its net profit climb 78 times in 2021. Bloomberg reports this, citing the company's financial report. The company's sales were estimated to be over $14.5 billion, according to the paper. The figure was $185.2 million in 2020. The increase in net profit was...

After acquiring a dozen special Airbus planes, Qantas Airways will fly non-stop from Sydney to London, charging higher rates in a multi-billion dollar wager that passengers will pay a premium to save four hours on the popular route.   The flights, which are expected to begin in late 2025,...

Chickens that are organic and free-range have been placed under quarantine.   According to egg producers and industry organisations, egg-laying hens that ordinarily have access to the outdoors may no longer roam freely or feel the sun on their beaks because some U.S. and European farmers...

Activision Blizzard, one of the major video game publishers, said in a statement that its shareholders had accepted a proposal to buy the company from Microsoft for almost $70 billion. According to a press release, "At a special meeting of Activision Blizzard shareholders held earlier today,...

Samsung Electronics Co Ltd said on Thursday that it expects strong demand for high-margin memory chips in data centres to continue in the second half, but that component shortages would likely persist.   According to the world's leading memory chip and smartphone manufacturer, underlying...

Standard Chartered reported a 6% increase in first-quarter profit, sending its shares up 10 per cent, as the emerging-markets lender benefited from rising interest rates targeted at managing inflation.   The London-based institution, which focuses on Asia, Africa, and the Middle East, now...