Bloomberg Who needs a loss-making, inflexible oil refinery in a world where demand for petroleum has been obliterated? We’re about to find out. When consumption of transport fuels collapsed this year because of coronavirus, much of the industry moved into survival mode, cutting processing rates and even temporarily stopping refining in some cases. While that helped prop up the industry’s ...

Nobody in business likes auditors: They can be intrusive, meddlesome second-guessers. But managers of publicly traded companies understand that independent auditing is essential, because it protects shareholders against fraud and wasteful spending — and maintains public confidence in the enterprise. President Trump spent most of his career managing a private company. Public accountability wasn’t a big part of Trump’s business ...

My view of the dust-up between Twitter and President Donald Trump is simple: The company should treat him exactly like it would treat any other user. But I’ll also admit to a degree of concern about how it treats other users, particularly the company’s growing determination to regulate opinions expressed on its site. Twitter, long criticised by the left for ...