Sunday, 11 May 2025

Focus on Finance

FILE - Chairs stand at the Gates post office in the aftermath of a fire in Gates, Ore., Sept 9, 2020. Oregon utility regulators have rejected a request from PacifiCorp that sought to limit its liability in wildfire lawsuits. KGW reports that the proposal would have limited the company's wildfire liability to just economic damages. (Mark Ylen/Albany Democrat-Herald via AP, File)
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Oregon regulator rejects PacifiCorp bid to limit wildfire liability

Oregon utility regulators say no to request from PacifiCorp to limit its liability over 2020 wildfires.

FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo
BusinessFinanceFuelNewsOil

Oil stabilises ahead of US inflation data and OPEC+ meeting

Oil prices held steady on Friday, as investors await U.S. inflation data for clues on the demand outlook.

New rules to crack down on investment greenwashing are to come into effect (Yui Mok/PA)
BusinessFinanceNewsPoliticsRegulations

Anti-greenwashing rule to tackle misleading investment claims comes into effect

Financial firms must ensure retail investors are given accurate information on sustainability as new anti-greenwashing rule comes into effect.

A new analysis by Corporate Accountability found that household names including Disney, Volkswagen, Air France and many more were among brands that heavily invested in likely worthless carbon offset credits (AFP)
BusinessEconomyEmissionsEmissions MarketsFinanceNewsPoliticsVoluntary Carbon Markets (VCMs)

World’s biggest companies snap up ‘likely junk’ carbon offsets: analysis

A new analysis by Corporate Accountability found that household names including Disney, Volkswagen, Air France and many more were among brands that heavily...

Elon Musk, Chief Executive Officer of SpaceX and Tesla, walks after attending the opening of the 10th World Water Forum in Nusa Dua, Bali, Indonesia, May 20, 2024. REUTERS/Johannes P. Christo
AnalysisBusinessCourtsElectric Vehicles (EVs)FinanceIn-DepthPolitics

Legal hurdles loom over Tesla’s bid to revive Musk’s record pay

Tesla shareholders will vote on June 13 to ratify Musk's $56bn pay package, and be asked to approve moving the company's legal home...

The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier
BusinessFinanceFuelNewsOil

Saudi Arabia sets up new Aramco share sale that could raise $13.1B

Saudi Arabia's government on Thursday filed papers to sell a new stake in state oil giant Aramco that could raise as much as...

FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, April 25, 2013. REUTERS/Mike Blake/File Photo
BusinessFinanceNewsOil

Chevron shareholders re-elect all directors, CEO confident on Hess deal

Chevron shareholders rejected all four proposals brought forward by investors, with 98% voting against reporting about the risks from voluntary carbon-reduction commitments and...

FILE PHOTO: ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFinanceNewsOil

Shell, Exxon near deal to sell North Sea assets to Viaro, sources say

The sale of the Clipper and Leman Alpha field clusters would mark the latest step in a steady retreat of major oil and...

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla, walks after attending the opening of the 10th World Water Forum in Nusa Dua, Bali, Indonesia, May 20, 2024. REUTERS/Johannes P. Christo/File Photo
BusinessCourtsElectric Vehicles (EVs)FinanceNews

Judge assured that Tesla won’t contest Musk pay ruling outside Delaware

The Delaware judge who voided Elon Musk's record Tesla pay package told the parties in the case that she felt assured by the...

FILE PHOTO: Motorists drive past Tesla's primary vehicle factory after CEO Elon Musk announced he was defying local officials' restrictions against the spread of the coronavirus disease (COVID-19) by reopening the plant in Fremont, California, U.S. May 12, 2020. REUTERS/Stephen Lam/File Photo
BusinessElectric Vehicles (EVs)FinanceNews

Musk offers Tesla factory tours to investors as he seeks support for pay package

Elon Musk is offering tours of Tesla's factory next month to 15 shareholders who vote on his $56 billion pay package, the latest...

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