Europe

U.S. President Joe Biden has previously singled out Exxon Mobil for making “more money than God” last year. Brandon Bell | Getty Images Some of the world’s largest oil and gas companies are poised to report record annual profits, raking in extraordinary revenues following a year of volatile fossil fuel …

A Polish Leopard 2PL tank fires during Defender Europe 2022 military exercise of NATO troops including French, American, and Polish troops, amid the Russian invasion of Ukraine, at the military range in Bemowo Piskie, near Orzysz, Poland May 24, 2022.  Kacper Pempel | Reuters Developments in the Ukraine war this …

Audi Activesphere EV concept Audi Audi’s new concept vehicle is an all-electric luxury SUV that uses augmented reality glasses and can double as a small pickup truck, signaling potential future technologies for the Volkswagen luxury brand. The rear glass of the “Activesphere” vehicle can slide forward, opening the flatbed trunk …

SAP headquarters. Krisztian Bocsi | Bloomberg via Getty Images German enterprise software firm SAP said Thursday that it will be cutting up to 3,000 jobs, or about 2.5% of its workforce, becoming the latest tech giant to announce significant layoffs. “We are further focusing our portfolio in areas where we …

Consumers have been feeling the pinch from higher food prices as inflation soars. Nathan Stirk | Getty Images News | Getty Images As inflation continues to push up grocery bills, supermarket chain Tesco has warned that some food producers may be taking advantage of the situation by raising prices more …

The pace of change in the modern world is often rapid and dizzying. Technologies that seem integral to our lives can, in what feels like an instant, become redundant and irrelevant. Energy is one sector where innovation and new ideas matter a great deal, as countries and companies try to …

French Minister for the Economy and Finances Bruno Le Maire spoke at a CNBC panel in Davos. Ludovic Marin | Afp | Getty Images DAVOS, Switzerland — The European Union does not see eye-to-eye with the United States when it comes to opposing China, the French finance minister told CNBC …

Christine Lagarde, president of the European Central Bank spoke at a CNBC panel at the World Economic Forum Bloomberg | Bloomberg | Getty Images DAVOS, Switzerland — China’s decision to reopen its economy will increase inflation in Europe as they both compete for more energy, the president of the European …

International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. Fabrice Coffrini | Afp | Getty Images The global economic outlook is not as bad as feared a couple of months ago — “but less …

China’s reopening has been one of the most discussed topics at the World Economic Forum in Davos. Bloomberg | Bloomberg | Getty Images DAVOS, Switzerland — China’s economic reopening might boost global growth, but the business leaders and policymakers at the World Economic Forum this week are also a little …