British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.Nurphoto | Nurphoto | Getty ImagesBritish oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by lower crude prices and lower refining margins.The energy firm posted underlying replacement cost profit, used as a proxy for net profit, of $2.3 billion for the July-September period. That beat analyst expectations of $2.1 billion, according to an LSEG-compiled consensus.BP reported net profit of $2.8 billion for the second quarter of the year and $3.3 billion for the third quarter of 2023.The…
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The Biden administration finalized restrictions on investments by US individuals and companies into advanced technology in China, including semiconductors, quantum computing and artificial intelligence. Source link
Investing.com– Chinese electric vehicle maker NIO Inc (HK:) rose sharply in Hong Kong trade on Tuesday after Macquarie upgraded the stock, citing improved expectations for the company’s upcoming earnings. NIO rose 12.2% to HK$46.60, tracking a 10.5% overnight rally in its American Depository Receipts (NYSE:). Macquarie upgraded the stock to Outperform from Neutral, while hiking its target price to HK$65 from HK$52. Macquarie said it expected strong third-quarter earnings from the firm, and also expected Nio to post strong guidance for the fourth quarter on a pick-up in sales volumes. Increased sales were driven by the launch of Nio’s new mass…
Carbon Finance MarketHTF Market Intelligence published a new research document of 150+pages on “Carbon Finance Market Insights, to 2030” with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Carbon Finance market was mainly driven by the increasing R&D spending by leading and emerging player, however latest scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are 3Degrees (United States), Carbon Credit Capital, LLC (United States), Ecosphere+ (United Kingdom), EEP Africa…
WASHINGTON (AP) — The U.S. Treasury Department, seeking to keep the Chinese military from gaining an edge in advanced technologies, issued a rule Monday to restrict and monitor American investments in China in artificial intelligence, computer chips and quantum computing. The finalized rule arises from an executive order issued in August 2023 by President Joe Biden. The order sought to limit the access that “countries of concern’’ — specifically, China, Hong Kong and Macau — have to American dollars to fund technologies that could be used, for example, to break codes or develop next-generation fighter jets. It will take effect…
The India unit of gaming firm Krafton has backed IMM Investment’s maiden India fund as an anchor limited partner as the battle royale BGMI-maker broadens its investment bets in the South Asian market. Seoul-based IMM Investment, an early backer of Krafton and roughly half of South Korea’s unicorn startups, has made the first close for India fund and hired former Legend Capital partner Prakhar Khanduja to run the local unit. Nihansh Bhat, lead of corporate development for Krafton India, told TechCrunch that the IMM fund investment would help the gaming company tap into newer business categories and sectors in India.…
In the aftermath of the Mexican Grand Prix, Christian Horner, Red Bull’s team principal, defended Max Verstappen, who received two 10-second penalties after collisions with Lando Norris during the race. The incidents occurred as Verstappen and Norris battled for position behind Carlos Sainz. In the first clash at Turn 4, Verstappen pushed Norris off track as they fought for the apex, leading the stewards to penalize Verstappen. Shortly after, Verstappen attempted another maneuver at Turn 7, again forcing both drivers off the track and regaining second place. The stewards ruled he gained an advantage illegally, adding another penalty, which dropped…
Varaha, an Indian climate solutions company, has launched the country’s first carbon dioxide removal (CDR) credits for industrial biochar through Puro.Earth, a leading global platform for carbon crediting, Manufacturing Today has reported.This milestone positions Varaha as a prominent player in South and Southeast Asia’s carbon removal sector, aligning with international efforts to meet net-zero targets by offering verified, high-quality carbon credits.Located in the Telangana state in southern India, Varaha’s biochar project utilizes agricultural waste—specifically, corn residues—to produce biochar, a carbon-rich substance that sequesters carbon in the soil for hundreds of years.The biochar production process is powered by a gasifier, capturing…
The Brabus Rocket GTS is a modern take on the shooting brake design, transforming the sporty and elegant Mercedes-AMG GT63 S E Performance coupe into a more practical yet aggressive-looking hatchback. This version blends classic coupe aesthetics with a unique twist, much like previous unconventional models, including the BMW M Coupe “Clownshoe.” Known for its distinctive modifications, Brabus has added its signature touch, creating a car that combines power with a sinister design aesthetic, resembling a life-size version of a Hot Wheels car and even drawing comparisons to Darth Vader’s helmet. Built upon the Mercedes-AMG platform, the Brabus Rocket GTS…
The 2025 Audi RS3 performance sedan has been refined with a focus on enhancing agility rather than increasing its already impressive power output. By retaining the turbocharged 2.5-liter five-cylinder engine, Audi keeps the RS3’s familiar strength intact while focusing on improved handling for more versatile performance on both the road and track. These mid-cycle updates aim to strike a balance between speed and cornering ability, which is essential for squeezing out every second in tight turns. This approach showcases Audi’s commitment to delivering a well-rounded driving experience that combines power with precision. Audi has introduced a range of visual updates…