Business

Photo: Matthew Horwood/Getty Images

Shell reports USD 40 billion profits, highest in its history

The British company's record earnings, which more than doubled from a year earlier, mirror those reported by U.S. rivals earlier this week.   see more
Business Thu, 18:07
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U.S. and allies impose more sanctions on Myanmar regime

Energy officials and members of the junta are among the targeted.  see more
Business Tue, 22:37
Photo: Wikimedia/Investorsnewstips01

Norway wealth fund posts record USD 164 bn loss

Despite the record loss, the value of the fund rose overall as it benefited from cash inflow due to high energy prices  see more
Business Tue, 12:48
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Ukraine plans to spend USD 550 mln on military drones in 2023

The Ukrainian government aims at stimulating domestic production to create what officials are calling an “army of drones”.  see more
Business Mon, 16:58
Photo: Reuters

British beer-maker stockpiling malt to stay ahead of the curve

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Business Mon, 09:06
Photo: Matthew Horwood/Getty Images

Boeing's 747, the first jumbo jet, prepares for final send-off

Despite the end of an era, the 747 will always be remembered for its contributions to the aviation industry.  see more
Business Sun, 17:22
Port of Cape Town. Photo: WikimediaCommons

Green groups protest Russia seeking oil and gas in the Antarctic

Green campaigners say the operations of a Russian research vessel in the region violate a treaty banning mineral exploration.  see more
Business 29.01.2023
Illustrative photo (Wikimedia Commons)

Construction of North Sea’s hydrogen infrastructure foundation underway

German company Gascade and Belgian company Fluxys will build the "backbone of hydrogen infrastructure" on the North Sea.  see more
Business 28.01.2023
photo: Dennis Schroeder/Wikimediacommons

Rally driver builds one of the largest renewable energy parks in Europe

The 200+ MW farm is being built on post-mining land near Konin, in the Greater Poland province.  see more
Business 28.01.2023
Photo: NurPhoto/ GettyImages

Problems with nuclear power plants haunt Nordic countries

Sweden postponed the restart of one of its nuclear reactors, while Finland announced a drop in electricity production in one of its nuclear reactors due to a damaged valve.  see more
Business 27.01.2023
Photo: Wikimedia/Grzegorz W. Tężycki

Polish investments in Ukraine expected to grow nearly thirtyfold in five years

In 2021, Poland's FDI totalled USD 1.2 billion, while profit on direct investments reached EUR 130 million  see more
Business 27.01.2023