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Shell to cut 9,000 jobs as Covid-19 impacts overhaul

Bloomberg Royal Dutch Shell Plc will cut as many as 9,000 jobs as crude’s crash forces billions of dollars in cost savings and the oil and gas giant overhauls its business to embrace clean energy. The move reflects the challenge facing Big Oil as the virus pandemic persists, with some in the industry believing the era of demand growth is ...

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Trump-Biden debate diminishes US’s dignity

Some political debates have highlights. The first presidential debate this year had only lowlights. Joe Biden called President Donald Trump “a clown.” Trump said Biden wasn’t smart. Biden said Trump “has been a fool.” And on it went, in what must have been the nastiest presidential debate in US history. The most common word in the transcript will be “[crosstalk].” ...

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Will Uber be a lifeline for Daimler, BMW

There has always been a paradox at the heart of Uber Technologies Inc’s business model. The ride-hailing firm aimed to attract users with prices that undercut the traditional taxi industry, thereby squeezing out the competition. With a monopoly, it would be able to raise its fares and turn a profit. But higher fares then risk irritating the customers it wooed ...

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