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BP makes largest oil, gas discovery in 25 years off Brazil
BP makes largest oil, gas discovery in 25 years off Brazil
Business and Economy
by  AFP

Britain's BP announced Monday it made its biggest oil and gas discovery in 25 years off the coast of Brazil, as it shifts back to its fossil fuel business. The discovery comes as a boost to the struggling energy major as it undergoes a major overhaul to focus on its more profitable oil and gas business, shelving its once industry-leading renewable energy strategy.

Shares in UK banks jump after car loan court ruling
Shares in UK banks jump after car loan court ruling
Business and Economy
by  AFP

Shares in British banks rose on Monday after the country's top court spared the sector from the worst of feared compensation claims over controversial car loans. While the court upheld one of the three cases, it narrowed the overall grounds for claims, offering relief to banks that had been bracing for widespread payouts from millions of car buyers.