TOKYO, Oct 30 (Reuters) – Japan’s Panasonic Holdings said on Friday that operating profit at its energy unit surged to 55.6 billion yen ($352 million) in the second quarter from 1.2 billion yen a year earlier, boosted by higher sales of in-vehicle batteries and data…
LONDON, Oct 30 (Reuters) – BP posted third-quarter underlying replacement cost profit, its version of net income, of $8.46 billion on Friday, compared with expectations of $7.33 billion in a company-provided poll of analysts and $2.2 billion a year ago. The British major’s operating cash…
Iran said four tankers struck mines in the Strait of Hormuz and Yemen's Houthis claimed missile strikes on Saudi Arabia, escalating pressure on two fronts as the U.S. reportedly weighs renewed military action against Tehran after Tuesday's midterm elections. The flare-up…
Trump and Carney have traded… Crude oil prices were set for another weekly gain today, also extending their monthly rise to four months in a row amid continued fears of escalation in the Middle East and Houthi attacks on Saudi…
A developer wants to build a data center in cave country. Locals are vehemently opposed. - Amelia Christmas Gramling ‘This Data Center Crap’: Land and Technology Clash in Kentucky Turn any article into a podcast. Upgrade now to start listening. Franklin,…
On Thursday’s broadcast of “CNN News Central,” Rep. James Walkinshaw (D-VA) reacted to the GDP report by saying that investment in AI and data centers is boosting GDP, “The question is, are hard-working families seeing the benefits of that? And…
The current diesel crisis has exposed something the petroleum world has long preferred not to discuss. Refineries, not oil fields, are the pinch in the hourglass for the entire global fuel system. Crude oil, however abundant, is useless on its…
A recreational treasure hunter in Australia has struck gold in spectacular fashion, discovering a massive nugget that could ultimately sell for as much as $200,000, according to ABC News. The find occurred earlier this month on a remote property near Tibooburra,…
By Dave Graham and John Revill ZURICH, Oct 30 (Reuters) – When Chinese President Xi Jinping meets his Swiss counterpart, Guy Parmelin, on Friday, the two will be marking one of the most favourable trade deals Beijing has granted a European country,…
SINGAPORE, Oct 30 (Reuters) – Oil prices climbed in early trade on Friday on supply concerns after Yemen’s Iran-aligned Houthis stepped up attacks on Saudi Arabia, on track for a fourth straight monthly gain and the steepest since July. Brent crude futures…
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