The $113 bln oil major is reeling after it parted company with the leader of its board, Albert Manifold. In this Viewsroom podcast, Breakingviews columnists discuss the company’s governance missteps, and why the latest drama makes it vulnerable to a takeover.
Is higher education in crisis or simply adapting to a new market environment?
The former Soviet state is starting to show signs of cautiously opening up.
West Ham United co-chairman David Sullivan resigned from his position with immediate effect on Saturday after becoming aware of what he called “factually incorrect and entirely false, decades-old allegations” about to be published.
U.S. Defense Secretary Pete Hegseth warned on Saturday that Europe faced what he called an invasion of dangerous ideologies arriving by sea, linking immigration to the legacy of the D-Day landings in remarks in Normandy.
Pope Leo on Saturday urged global leaders to avoid dividing their electorates with “sterile simplifications” to gain popularity and called on them to listen to the world’s cries for peace, in a forceful speech opening a week-long tour of Spain.
The U.S. closed its border to Mexican livestock a year ago, hoping to prevent a screwworm outbreak. Not only did the closing fail to contain the flesh-eating pest, it’s hurting Texas cattlemen while helping Mexican beef exporters.
Brazil plans to announce its first-ever sovereign bond issuance in China, denominated in yuan, during a trip by a large delegation of government officials to the Asian country later this month, two people with direct knowledge of the matter told Reuters.
Lululemon Athletica shares fell about 8% on Friday after the athleisure wear maker cut its annual profit forecast, fanning worries over the pace of its turnaround and shifting focus to the challenges awaiting the incoming CEO.
Saks Global received court approval for its bankruptcy restructuring on Friday, clearing the luxury retailer to exit from Chapter 11 with a smaller store footprint and lower debt.