North Sea oil giant revives takeover talks with Dubai-based suitor
A Dubai-based engineering group has re-entered talks to buy John Wood Group, sparking a 40pc surge in the North Sea oil giant’s share price.
News
DOGE layoffs could trigger wider unemployment, slow economy: Apollo
Signs of economic weakness have emerged, with the murky outlook for U.S. tariff and other policies eroding sentiment among consumers and purchasing managers.
Israel Holds Rates as Bank Waits for War Inflation to Slow
(Bloomberg) -- Israel kept interest rates on hold for a ninth straight meeting, with the central bank waiting for war-induced inflation to slow before starting an easing cycle.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’NYC’s Congestion Pricing Pulls In $48.6 Million in First MonthAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsAs Visitors Discover Ghent, the City Is Trying to Prevent
Aluminum Extends Slide as Traders Weigh Signs of Weak US Economy
(Bloomberg) -- Aluminum extended its retreat from an eight-month high as sentiment remained cautious following weak US economic data.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Airbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthAs Visitors Discover Ghent, the City Is Trying to Prevent a Tourism TakeoverWall Street suffered its
German business leaders say new government must act quickly to rescue stagnant economy
Germany's businesses have been frustrated by government inaction on the stagnating economy. Sunday's national election raises hopes of a stable two-party coalition of conservatives and center-left Social Democrats, with center-right leader Friedrich Merz as chancellor.
Peru's economy seen growing 4% this year with stable inflation
(Reuters) -Peru's gross domestic product (GDP) will likely expand by 4% this year and rank as the second-fastest growing economy in Latin America, a senior official told reporters on Monday, as inflation is seen holding for another year at around 2%. The Andean economy is bouncing back from recession, with the government of President Dina Boluarte and the central bank forecasting positive prospects for 2025, including fewer inflationary pressures and more investment. Peru's economy for decades was one of Latin America's top performers, but in recent years growth has cooled as social unrest hit the country's key mining sector amid growing political instability.
BP to abandon green energy target and ramp up oil
BP will this week abandon plans to radically increase green energy generation and instead ramp up oil production, according to reports.