BP suspends buybacks in fresh sign of oil price pressure

Trowbridge in Somerset, England, on March 15, 2025. Anna Barclay | Getty Images News | Getty Images British oil giant BP on Tuesday posted fourth-quarter profit in line with expectations and suspended share buybacks, seeking to shore up its balance sheet as lower crude prices take their toll. The London-listed energy firm reported underlying replacement…

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Stellantis $26 billion hit overhauling its business

Shares of automaker Stellantis dropped more than 14% in European trading on Friday, after the company said it expects to take a 22-billion-euro ($26 billion) hit from overhauling its business to accelerate the rollout of electric and hybrid vehicles. Shortly after the European opening bell, Milan-listed shares of the firm were 14.4% lower. Stock Chart…

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Bank of England rate decision Feb 2026

People walk along Bank Junction next to the Bank of England in the City of London, the capital’s financial district. Vuk Valcic | SOPA Images | Lightrocket | Getty Images The Bank of England kept interest rates on hold at 3.75% at its first meeting of 2026 on Thursday. The central bank’s nine-member Monetary Policy…

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Euro zone inflation cools to 1.7% in January

Illustration of food items placed on the belt of a cash register in a Leclerc supermarket in Valence, France, April 4, 2025. Nicolas Guyonnet | Afp | Getty Images Euro zone inflation cooled to 1.7% in January, flash data from statistics agency Eurostat showed Wednesday. Economists polled by Reuters had expected the inflation rate to…

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Trump launches critical minerals stockpile

US President Donald Trump speaks to the press about a critical minerals stockpile with $12 billion in initial funding, as Washington seeks to lower reliance on China for rare earths and other resources, in the Oval Office of the White House in Washington, DC, on February 2, 2026. Saul Loeb | Afp | Getty Images…

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