Business News

BP, one of the world’s leading energy companies, has taken a significant step in its transition toward sustainable energy by acquiring a major U.S.-based hydrogen producer. This acquisition reflects BP’s broader strategy to pivot away from fossil fuels and invest heavily in renewable and low-carbon energy sources, aligning with the company’s commitment to reach net-zero […]

Japan’s economy saw a notable rebound in the third quarter of 2024, with GDP growth exceeding forecasts. The recovery was largely driven by an increase in consumer spending and a weak yen, which has boosted the competitiveness of Japanese exports. The economic resurgence comes after a challenging period marked by global inflation, supply chain disruptions,

In a landmark decision, the European Union (EU) has fined Meta Platforms, the parent company of Facebook, a record $1.3 billion for violations of the General Data Protection Regulation (GDPR). The penalty marks the largest-ever imposed under GDPR, reflecting the EU’s increasing scrutiny over the privacy practices of global tech companies. Meta’s violations pertain to

Despite facing some of the most stringent economic sanctions in modern history, Russia’s economy has shown remarkable resilience in 2024. Western nations, led by the U.S. and European Union, imposed sanctions on Russia following its invasion of Ukraine, targeting key sectors such as banking, energy, and technology. These sanctions were intended to cripple Russia’s economic

The Walt Disney Company announced that its iconic CEO, Bob Iger, has extended his contract through 2026, underscoring the entertainment giant’s commitment to navigating a rapidly changing media landscape. The decision to extend Iger’s tenure reflects Disney’s confidence in his leadership as the company seeks to strengthen its core businesses while accelerating its digital transformation.