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...BP is alone among its peers in committing to cut oil and gas production, setting a target in 2023 of producing 2mn barrels of oil equivalent by the end of the decade, a 25 per cent reduction from 2019 levels...
...Azerbaijan has defended its position as yet another oil and gas producing nation to host the world’s most important climate summit, with the incoming COP29 president saying the Caucasus country was vulnerable...
...These companies have little choice but to pass costs on to consumers. june.yoon@ft.com...
...told the Financial Times that more than two years since Russia’s full-scale invasion of Ukraine, politicians and societies were still in peacetime mode even though large parts of the defence industry were producing...
...apps since OpenAI launched its breakthrough ChatGPT chatbot 18 months ago has triggered a race to secure the powerful processors needed to build so-called large language models — AI systems capable of producing...
...Renault is one of Europe’s smaller carmakers, producing 2.2mn cars a year compared with 6mn from Stellantis and 9.2mn at Volkswagen....
...It is secured against Jadestone’s main producing assets and is bound to a financial covenant for a maximum total debt of 3.5 times adjusted cash profits....
...But, experts say, in doing this companies risk undercutting their own factories in other markets....
...Across Japan, companies are having to rethink their entire business models due to a shortage of workers....
...At the penultimate round of talks aimed at delivering a treaty akin to the Paris climate agreement by year-end, oil-producing countries could not reach a deal with a “high-ambition” group that includes leading...
...ExxonMobil plans to begin producing lithium in 2027 in a major strategic pivot, as the biggest western oil producer bets it can use its expertise in drilling and processing to become a leading player in...
...Fuad Mohammed Abubakar, head of the Ghana Cocoa Marketing Company, said he was not worried. “Farmers in Ecuador are producing near-optimal yield levels,” he said....
...The Santa Clara-based company’s intravascular lithotripsy treatment involves a catheter producing electrical impulses being inserted into patients’ arteries, helping to break up the build-up of calcium....
...Ithaca has grown rapidly over the past two years, acquiring North Sea rival Siccar Point in 2022, which gave it stakes in two of the UK’s largest producing fields, Schiehallion and Mariner....
...LVMH has become one of France’s most recognisable companies internationally, producing the majority of its goods in France or Italy to maintain the quality that allows it to command premium prices....
...Yet companies are producing far more datapoints than has previously been the case, tracking progress on sustainability, ESG and diversity to name just three....
...Lex’s price index of the top nine gas producing E&Ps is up 16 per cent since the end of January....
...That transaction included stakes in two of the UK’s largest producing fields, Schiehallion and Mariner, as well as in the Cambo and Rosebank fields....
...Brasília’s leftwing administration is offering tax breaks and incentives to companies producing low-emissions vehicles....
...Dear reader, There is always a lot to read up on after a holiday weekend — especially with the absence of the Lex newsletter last Friday as we all switched from producing commentary to consuming chocolate...
...She confirmed that the company was in “final discussions” with the Indian government on producing parts for the next generation of its Arjun battle tank....
...Shares of Lithium Americas leapt 12 per cent after the US government announced plans to loan $2.3bn to the company to develop its flagship lithium project in Nevada that will supply the electric car battery...
...The move, which will formally take effect on Wednesday, will allow the network to continue reporting and producing news in India but bring it in line with Indian law after authorities questioned its tax...
...Like its rivals, Mistral is advancing generative AI by building so-called large language models (LLMs), which are capable of producing humanlike text and code responses to natural language prompts in seconds...
...China’s BYD is already building a new factory in Hungary that it expects to begin producing EVs at the end of next year....
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