Wednesday , 24 December 2025

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BP hits 25-year low a week after climate strategy

Bloomberg Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low. Chief Executive Officer Bernard Looney and his new management team gave more than 10 hours of presentations over three days last week, in a bid to show the world that the oil and gas …

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Topaz set to test Canada energy appetite with IPO

Bloomberg Tourmaline Oil Corp is betting investors have an appetite for more Canadian energy stocks, offering up the biggest initial share sale to come out of Alberta’s oil patch in three years. The Calgary-based natural gas driller is creating a new royalty and energy infrastructure company through an initial public offering of Topaz Energy Corp, with the new entity and …

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Apple’s $15 billion tax victory faces EU appeal at top court

Bloomberg Apple Inc.’s victory over a record back-tax order faces a challenge at the European Union’s top court as Competition Commissioner Margrethe Vestager seeks to rescue her crackdown on allegedly unfair fiscal deals doled out to multinational companies. The EU’s General Court “made a number of errors of law” when it sided with Apple in its ruling in July, the …

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