To free up cash, the oil giants have been cutting costs. Exxon recently announced it would reduce its workforce by 3-4%.

The spring 2025 offensive in Ukraine, launched by Russian leader Vladimir Putin, inflicted heavy losses on Russian forces. Ukrainian troops eliminated at least 100,000 Russian soldiers, while Moscow ...

America’s first merger wave began in the 1890s and forged giants in steel, oil and railroads. A second preceded the crash of 1929. Executives assembled conglomerates in the 1960s; private-equity firms ...

ZURICH, Jan 10 (Reuters) - The Swiss economy could grow at more than double its usual rate in 2021 and 2022, with GDP increasing by around 4% in both years as output recovers from the coronavirus ...