Bloomberg BP Plc boss Bob Dudley is planning to step down, and the energy giant’s board is yet to decide on the timing. “I said a long time ago that around the age of 65 I would” step down, Dudley told reporters on the sidelines of the Russia Energy Week conference in Moscow. Dudley took over as chief executive officer ...

The battle to control the Federal Reserve is being waged on many fronts. There’s President Trump’s relentless tirades against Fed Chairman Jerome Powell — and Powell’s low-key rejoinders. There’s the clamour from investors (aka Wall Street) for easy credit to prop up stock prices. Some economists favour cheap credit to sustain low unemployment (3.7%). What’s been missing is a cogent ...

Cruise ships are big business for port cities around the world. But starting next year, Cannes, one of the world’s most famous ports-of-call, will no longer welcome them unless they comply with strict pollution controls. Passengers who choose to sail on dirty vessels will have to disembark elsewhere. So far, the industry doesn’t seem worried. It should be. Increasingly, consumers ...