British oil major BP reported a sharp drop in fourth-quarter profit due to weaker refining margins, with underlying replacement cost profit at $1.169 billion. The company announced a $1.75 billion share buyback and a plan to “fundamentally” reset its strategy. Despite a 48% decrease in RC profit, BP launched a share buyback, with analysts questioning whether the company will reduce its buyback program in the future.
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After years of firm support, 10 days upended the US approach to Ukraine
As Ukraine faced the three-year mark of Russia's invasion, President Trump's sudden shift in policy towards Russia disrupted Kyiv's path to peace, causing concern among allies. Trump's phone call with Putin led to negotiations excluding Ukraine, prompting fears of lost territory and vulnerability. Despite European support, U.S.-Russia talks in Riyadh excluded Ukraine, leading to escalating tensions and doubts about the future of the conflict. Full Article
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