Which of These Beaten-Down Travel Stocks Is the Better Buy?
Amid a consumer spending shift from goods to experiences, the hospitality market is poised to recover quickly.
Amid a consumer spending shift from goods to experiences, the hospitality market is poised to recover quickly.
Lord Falconer has urged peers to “rally all our troops” to try to defeat Rishi Sunak’s Rwanda Bill.
Tourism chief said attractions are ‘recovering well’ from the coronavirus lockdowns
Saudi Aramco CEO Amin Nasser told attendees at CERAWeek by S&P Global, a global energy conference, that global leaders should "abandon the fantasy of phasing out oil and gas." When asked about those comments, ExxonMobil Chairman and CEO Darren Woods (XOM) tells Yahoo Finance's Julie Hyman that things like wind and solar power and the rise of EVs are a "necessary but not sufficient set of solutions" to the energy transition. Instead, Woods proposes a "broader" set of solutions is needed, including things like carbon capture and storage, hydrogen, and biofuels. Woods credits the Inflation Reduction Act (IRA) for opening "the aperture on other opportunities to reduce emissions above and beyond what wind and solar can do." When it comes to the IRA, Woods calls it "technology agnostic." The legislation "says what you should focus on is achieving an outcome which is lower carbon intensity for a product," Woods says, and as a result, the door is opened to other businesses to help achieve that goal, something Exxon is a "fan" of. The legislation has come under fire from Republicans, with Trump campaign officials telling the Financial Times that the former president would "gut" the IRA if he were reelected to the White House. If that were to happen, Woods says Exxon would be "responsive" to changes made by a new administration, but that "ultimately the world needs to decarbonize. We need to do more to reduce emissions. And I think the IRA is a good step towards that in terms of being technology agnostic, focus on reducing the emissions and lowering the carbon intensity of society. And I think that's the right approach." One of the big issues facing ExxonMobil right now is Chevron's (CVX) $53 billion deal to buy Hess (HES). Exxon, Hess, and China National Offshore Oil Corporation all have a stake in the Stabroek Block in Guyana. Exxon claims it has a right of first refusal when it comes to Hess's Guyana stake and has filed for arbitration with the International Chamber of Commerce. Woods says there are three reasons why the arbitration is important: to confirm and preserve their preemption rights, learn how Chevron values the assets in the Hess deal, and to "understand the value of that preemption right and what's in the best interest of the corporation and for our shareholders." Editor's note: This article was written by Stephanie Mikulich. Key video moments 00:00:25 Woods on reframing the energy transition 00:02:15 Woods discusses what works in the Inflation Reduction Act 00:04:39 How to balance the need for fossil fuels with the need to reduce emissions 00:06:28 Woods talks plans to be net zero in the Permian Basin by 2030, carbon capture technology 00:08:30 Woods on Chevron-Hess deal and Guyana
Magnum to Marmite consumer goods group plans productivity programme to save £684m
BANGKOK (AP) — World shares are mixed after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy. The BOJ’s decision to raise the overnight call rate to a range of 0 to 0.1%, up from minus 0.1% drew only a muted reaction in markets. Tokyo’s Nikkei 225 index rose 0.7% to 40,003.60, while the dollar rose to 150.62 Japanese yen from 149.14 yen. The Japanese central bank said wage increases and other indicators suggested that
Former president attempts to turn tables on successor with lurid campaign video after his attorneys reveal he has been rejected by 30 lenders with clock ticking towards New York fraud case deadline
Funding for Department of Homeland Security proved a sticking point for negotiators as political pressure to address illegal immigration at southern border intensifies
This Saturday, March 23, show your support for environmental issues by switching the lights off
met market expectations and ended eight years of negative interest rates, likely the highlight of a busy week for central banks. But the day's big news was in Japan, where the BOJ heralded a new era as it shifted away from years of ultra-easy monetary policy. Japan's Nikkei was choppy initially after the decision but closed 0.66% higher, buoyed by the weaker yen, while Japanese government bond yields fell.
The central bank had previously cut the rate below zero to try and stimulate Japan's stagnating economy.
Tunisia and Libya have closed a major border crossing at Ras Jdir due to armed clashes, Tunisian state TV and Libyan authorities said. Libya's interior ministry said in a statement on Tuesday that "outlaws" had attacked the border, which sees a large flow of Libyans often going to Tunisia for medical treatment and trucks with goods coming in the opposite direction. Libya has had little peace since a 2011 uprising and is split between eastern and western factions, with rival administrations governing each area.
The new Manchester United shareholder has expressed a desire to build a ‘world class’ stadium for the club
The party is preparing for a further push into traditional Conservative strongholds ahead of the general election.
Charles Coste, a former French Olympic cycling champion, celebrated his 100th birthday last February. In a few months' time, he will be one of the 10,000 torch bearers for Paris 2024. The torch relay for the Paris Olympics begins in Marseille on 8 May and will finish for the start of the Games on 26 July.It will pass through 400 towns with 10,000 torch bearers. The oldest of them is Charles Coste who turned 100 on 8 February.Coste is France's oldest Olympic champion. He won a gold medal at the L
West slams Russia’s election as rigged while China and Saudi Arabia congratulate Putin on his victory
The Safety of Rwanda bill will return to the upper chamber on Wednesday, with peers expected to seek to amend the legislation yet again
Case is first-of-its-kind in New Hampshire
Beyoncé’s new album, Cowboy Carter, is about to convert a lot of her fans to country music. Get ahead of the pack with our pick of the songs and artists that have defined the genre
3/5 The show is fun, but it ultimately falls short of the greats it strives to emulate
The Swiss economy will grow at a tepid rate in 2024, the government said on Tuesday, maintaining its earlier forecast for 1.1% growth this year albeit with a lower outlook for inflation. The government in December said that it expected the economy to grow by 1.1% this year, when adjusted for sporting events, slower than the long-term average of 1.8%. Next year the Swiss economy will expand by 1.7%, the State Secretariat for Economic Affairs (SECO) said, also the same level as the December forecast.