Latest News Updates From Danica Kirka

Business, Fuel

Shell Reports Record Q1 Earnings as Oil Prices Soar

LONDON — Energy giant Shell reported record first-quarter earnings after a surge in oil prices, fueling calls for the British government to impose a tax on energy companies’ windfall earnings to help consumers struggling with the soaring cost of living.

May 5, 2022
Business, Fuel

Shell Apologizes, Says It Won’t Buy Russian Oil

LONDON — Shell said March 8 that it will stop buying Russian oil after Ukrainian officials criticized the energy giant for buying a shipment of crude from Moscow and demanded that all multinational companies sever ties with Russia over the war.

March 8, 2022
Government, Business, Fuel

Shell to Pull Out of Energy Investments in Russia

LONDON — Global oil and gas giant Shell said Feb. 28 that it is pulling out of Russia as President Vladimir Putin’s invasion of Ukraine continues to cost the country’s all-important energy industry foreign investment and expertise.

February 28, 2022
Business, Equipment

Japanese Carmaker Honda Hit by Cyberattack

Japanese carmaker Honda said June 9 that it has been hit by a cyberattack that disrupted its business in several countries, though it expects the overall impact to be contained.

June 9, 2020
Business, Fuel

BP to Cut 10,000 Jobs Worldwide Amid Pandemic

LONDON — Energy producer BP announced June 8 that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the oil and gas industry.

June 8, 2020
Business, Technology

Blackstone CEO Stephen Schwarzman Gives Oxford University $189 Million for AI Studies

LONDON — American billionaire Stephen Schwarzman, CEO of the private equity firm Blackstone, has given Oxford University $188.6 million for a new institute that will study the ethical implications of artificial intelligence and computing technologies.

June 19, 2019