Bloomberg Petrobras’s shareholders appointed Jose Mauro Coelho as a board member, a key step for the former energy ministry official to become chief executive officer and end a tumultuous leadership transition. The board of directors at Petroleo Brasileiro SA, as the state-controlled oil producer is known, will hold a separate vote to name Coelho as CEO. It is expected to ...

  Tesco Plc has become the first British food retailer to warn about the impact of the cost-of-living crisis. But it’s worth remembering that inflation — even at a 30-year high of 7% in March — isn’t all bad for grocers. The company announced a rebound in underlying operating profit in the year to February 2022, up almost 60% to ...

There’s a trite expression that perfectly encapsulates how corporate leaders should now be viewing their intense dependence on Chinese production: Fool me once, shame on you. Fool me twice, shame on me. After Covid-19 first struck in China, shuttering factories there before disruptions spread around the world, executives kind of knew it was a bad idea to have their supply ...