Author: Press Room

ExxonMobil’s chief executive dismissed calls for a windfall tax on the oil industry and criticised European efforts to cap energy prices as the US supermajor reported a record quarterly profit of nearly $20bn on Friday.The largest US oil company’s results were echoed at rival Chevron, whose bumper third-quarter profit of $11.2bn was just shy of record earnings reported in its previous quarter, continuing a run of strong industry earnings on elevated oil and gas prices. The results will cheer investors but keep the sector in the crosshairs of US politicians, including President Joe Biden, who have blamed oil companies for…

The relationship between the United States and Saudi Arabia is one of the most important on the planet. And lately, it’s also been one of the most awkward. Angry officials in Washington vowed “consequences” after Saudi-led OPEC sharply cut oil production earlier this month, driving up pump prices just weeks before the midterm elections. US lawmakers are threatening steps that were unthinkable not long ago, including banning weapons sales to Saudi Arabia and unleashing the Justice Department to file a lawsuit against the country and other OPEC members for collusion. Riyadh has been caught off guard by the thirst for…

The current crypto market downturn is comparable to the 2008 global financial crisis, and more regulatory oversight is needed, according to Christy Goldsmith Romero, commissioner of the Commodity Futures Trading Commission (CFTC).Speaking at a forum hosted by the International Swaps and Derivatives Association in New York on Wednesday, Romero said the crypto market has shown “vulnerabilities” similar to those in the global financial crisis, and stressed that contagion from crypto to traditional markets is a real risk.“Cryptocurrency was supposed to break from the traditional financial system, and all of its fragility and vulnerabilities. However, this spring, unregulated crypto markets revealed…

A man made a 999 call just before he was rammed off a road when a TikTok star allegedly arranged a trap to stop a sex tape of her own mother leaking, a court heard. Mahek Bukhari, 23, is accused of organising the trap to stop Saqib Hussain, 21, from leaking revenge porn images of her mum Ansreen Bukhari, 45. Saqib and his friend Mohammed Hashim Ijazuddin, 21, were killed when their car was allegedly rammed off the road and burst into flames just after midnight on February 11. A chilling 999 call was played to the jury at Leicester…

Liverpool’s Darwin Nunez has revealed that his Uruguay team-mate, former Reds striker Luis Suarez, offered him advice about life in the Premier League after Nunez was sent off early in the season. The 23-year-old arrived at Anfield in a club record £85 million deal in June, but got off to a difficult start at his new club. After impressing with a goal and assist on his Premier League debut against Fulham, Nunez was sent off in his second league outing for losing his cool and headbutting Crystal Palace defender Joachim Andersen. TransfersSuarez announces Nacional return, 16 years after leaving boyhood…

Have you ever dished out a four-figure sum for a flight – only to spy an incredible deal the next day?Or overheard a fellow passenger bragging about snatching a last minute bargain?It feels terrible to overpay for a flight. And as the cost of living crisis squeezes budgets worldwide, getting a good deal is all the more important.But you don’t have to pray to the budget travel gods. Instead, listen to these four expert flight hunters – and never overpay again.Jen Ruiz, airline points aficionado and former lawyerAt 29, Jen Ruiz was a busy attorney at a reputable non-profit firm.…

NEW YORK — The sentencing of a former United Nations communications specialist to 15 years in prison Thursday was punctuated by the tears and eloquence of some of his 13 sexual assault victims who said being drugged and raped by a man who first won their trust left them shattered and hopeful that justice might help them heal.When they were finished speaking, U.S. District Judge Naomi Reice Buchwald told Karim Elkorany that it was particularly heinous that he engaged in the “raping of women who believed he was their friend” as she sentenced him to the maximum he could face…

The Biden administration and Congress did nothing to boost funding for two key border security agencies in the last fiscal year, leaving them each at the same level as last year even as they coped with a record surge in illegal immigrants.Final spending data released by the Treasury Department shows that U.S. Customs and Border Protection (CBP), which enforces immigration laws at the border and runs the U.S. Border Patrol, received no new funding to deal with the problem, which included a record number of migrant encounters over the course of the year.In fiscal year 2022, which ended Sept. 30,…

If you want to fire Brian Cashman right now, I understand. I think you can make a case built around, particularly, Cashman not maximizing the draft and international signings. Cashman famously said in December 2018 — between the Yankees’ loss to the Red Sox in the Division Series and the organization’s decision to not sign Bryce Harper or Manny Machado — that when it came to baseball operations, “We’re a fully operational Death Star.” But they aren’t. They have not hit enough in the draft, with international signings or by developing the prospects they do have to a level of,…

The Premier League, the top tier of England’s professional soccer league, is readying to expand its exposure to non-fungible tokens (NFTs) through a potential partnership with NFT fantasy soccer game Sorare that could be worth some £30 million ($34.6 million) per year. The cooperation is to be discussed today during a meeting of club executives and company representatives, UK broadcaster Sky News reported. Under the potential multi-year contract, the Premier League’s 20 clubs will allow their fans to purchase NFTs with the digital depictions of top athletes such as Manchester United’s Cristiano Ronaldo, Harry Kane of Tottenham Hotspur, and Manchester City’s…