- 6h ago
Iran war fuels record profits for oil majors and refiners, while consumer spending weakens
Second-quarter earnings reports on Tuesday showed a stark divide: energy companies benefiting from the Iran conflict posted soaring profits, while consumer-facing firms like Mattel missed estimates amid spending cutbacks.
- May 27
BP plunges into fresh boardroom crisis as chairman Albert Manifold is ousted after only eight months—and he hits back
The British energy giant removed Albert Manifold on Tuesday over whistleblower complaints, triggering his furious rebuttal and reigniting concerns about chronic leadership instability.
