Recent news

Shell and Norwegian energy company Equinor have unveiled plans to merge their offshore oil and gas businesses in the UK sector of the North Sea, marking a significant step in the energy sector. The joint venture, which will be equally owned by both companies, aims to strengthen energy security and continue fossil fuel production, navigating the UK's evolving energy landscape. The new entity, based in Aberdeen, Scotland, is set to become the largest independent oil and gas producer in the UK North Sea once the merger is completed, probably by the end of next year, pending the regulatory approval. Shell estimates the company will reach production levels in excess of 140,000 barrels of oil equivalent per day by 2025. “Domestic oil and gas will continue to play an essential role in t...

The University of Central Florida (UCF) has reportedly contacted representatives of USC coach Lincoln Riley as part of its search for a new football coach to replace Gus Malzahn. According to sources familiar with the discussions, there has been no clear indication that Riley is considering the move, nor has UCF received any signs of interest from his camp. Currently in the third season of a 10-year contract with USC, Riley makes about $10 million a year. His deal, which is not made public because of USC's private institution status, would likely pose significant financial hurdles for any program trying to lure him away. Industry estimates suggest that parting ways with Riley prematurely would cost USC about $90 million, even though he would owe the school nothing if he chose to ...

Hillsborough County Sheriff Chad Chronister announced Tuesday that he will withdraw his name from consideration to lead the Drug Enforcement Administration (DEA), just days after President-elect Donald Trump nominated him for the role. Chronister's decision makes him the second individual to turn down a top job in Trump's incoming administration, following former Rep. Matt Gaetz, who recently withdrew from his bid for attorney general. Chronister, the longtime sheriff of Hillsborough County, Florida, explained his decision in a post on X, formerly Twitter, underscoring his dedication to serving his local community. “Being nominated by President-elect @realDonaldTrump to serve as Administrator of the Drug Enforcement Administration is the honor of a lifetime,” Chronister wrote. “H...

South Korea has found itself in the global spotlight after a stunning series of political events this week, raising concerns about the future of Asia's fourth-largest economy. President Yoon Suk Yeol's sudden announcement of emergency martial law on Tuesday evening, followed by a swift reversal a few hours later, has injected new uncertainty into the country's economic and political landscape. Analysts warn that the fallout could worsen South Korea's already difficult economic outlook, but some believe the turmoil could pave the way for brighter prospects if deeper instability can be avoided. President Yoon initially justified the declaration of martial law as a necessary step to protect South Korea from “communist forces” present in North Korea and to deal with so-called “anti-s...

Alexander Mogilny will not be inducted into the Hockey Hall of Fame this year, continuing a 15-year wait that has drawn growing criticism from fans and analysts alike. Disappointment at his exclusion was clear and passionate, with various media outlets describing it as "unforgivable", "a disgrace" and even "ridiculous". Many firmly believe that Mogilny deserves a place among hockey's elite, citing his impressive career accomplishments, including an outstanding season, impressive statistics and numerous accolades. His journey from the Soviet Union to the NHL was groundbreaking, making him a true pioneer of the sport. Despite the strong case for his appointment, there appears to be a lingering air of confusion regarding the reasons for his exclusion. While it's true that the Hockey...

Carlos Tavares, the esteemed CEO of Stellantis, resigned unexpectedly, citing "increasingly different opinions" between him and the automaker's board of directors. The announcement, made Sunday, marks the end of Tavares' tenure with immediate effect, leaving the world's fourth-largest automaker searching for a new leader during a difficult period. In a statement, Stellantis confirmed that its board of directors accepted Tavares' resignation and that the search for a new CEO is already underway. The trial is expected to conclude in the first half of next year. Meanwhile, an interim executive committee will be established under the leadership of President John Elkann to oversee the company's operations. Henri de Castries, senior independent director at Stellantis, explained the circumstance...

Anthony Edwards, known for his fearless demeanor on and off the court, didn't hold back after the Minnesota Timberwolves suffered a 115-104 loss to the Sacramento Kings. The young star, now in his fifth NBA season, offered a blunt criticism of his team's performances, pointing to internal problems as the root of their recent decline. “We are soft (heck) as a team, but not in the way we deal with opponents – internally we are soft,” Edwards said. “We don't communicate, we act like a bunch of kids. This is the reality and if we don't face it, we will be going in the wrong direction." The Timberwolves, who made it to the Western Conference finals in 2024, have fallen on hard times. After a promising 6-3 start to the season, they have now lost four straight games and seven of their l...

Eric Yuan, founder and CEO of Zoom Communications Inc., spoke about the company's ongoing transformation at the annual Concordia Summit held in New York on September 25, 2024. The video conferencing giant, formerly known as Zoom Video Communications, reported solid financial results for its fiscal third quarter, but its shares fell 4% in extended trading on Monday amid mixed investor sentiment regarding its future guidance. Zoom posted results that beat Wall Street's expectations, showing steady growth in an evolving market for its services. According to LSEG financials, the company outperformed analysts' projections in both earnings per share and revenue. Adjusted earnings per share came in at $1.38, above the expected $1.31, while quarterly revenue reached $1.18 billion, above ...

President-elect Donald Trump has nominated Kevin Hassett to lead the National Economic Council (NEC), placing the veteran economist at the forefront of the administration's decision-making on trade, taxes and deregulation. The announcement, made by Trump on his social media platform Truth Social, marks a significant step in finalizing his economic team ahead of Inauguration Day on Jan. 20. Hassett, who previously served as chairman of the White House Council of Economic Advisers (CEA) during Trump's first term, is no stranger to the administration's economic agenda. During his tenure at CEA, Hassett played a critical role in supporting the 2017 Republican tax cuts and defending the administration's aggressive tariff policies, which targeted key trading partners such as China, Mex...

Liverpool produced a commanding performance against Real Madrid in the Champions League on Wednesday, leaving Carlo Ancelotti's side reeling. Among those under most scrutiny was Kylian Mbappe, whose disappointing performance, capped by a missed penalty, added to an already challenging start to his time at the Spanish club. With Vinicius Junior unavailable due to injury, the stage seemed set for Mbappe to shine and cement his place as the cornerstone of Real Madrid's attack. Instead, the French striker faltered, failing to take advantage of key opportunities and struggling to establish himself against an energetic Liverpool side. Mbappe's frustration was evident all night, and his struggles culminated at the final whistle. After losing possession for the fifteenth time, a sequence...