Core Viewpoint - The world needs to more than double oil production according to U.S. Energy Secretary Chris Wright, who criticized the European Union and California for misallocating funds on alternative energy initiatives [1] Group 1 - U.S. Energy Secretary Chris Wright emphasized the necessity for a significant increase in global oil production to meet future energy demands [1] - The criticism directed at the European Union and California highlights concerns over their investment strategies in renewable energy, suggesting a misallocation of resources [1]

Core Viewpoint - Predictions of a global oil glut are significantly overstated due to strong demand growth and depleting global oil stocks, as stated by Amin Nasser, CEO of Aramco, the world's largest oil producer [1] Group 1: Demand and Supply Dynamics - Global oil demand continues to grow robustly, countering predictions of an oversupply in the market [1] - The depletion of global oil stocks indicates a tightening supply situation, further supporting the argument against a predicted oil glut [1] Group 2: Industry Insights - Aramco's perspective highlights the resilience of the oil market amidst concerns of oversupply, suggesting a more optimistic outlook for oil prices [1] - The statements from Aramco's CEO reflect confidence in the ongoing strength of the oil industry, emphasizing the importance of demand in shaping market conditions [1]

China's Geely Holding Group (GEELY.UL) said on Thursday that it targets global sales of over 6.5 million vehicles by 2030 when its annual revenue is estimated to top 1 trillion yuan ($143.62 billion). ...

Group 1 - Alibaba is preparing to list its chipmaking arm, T-Head [1]

Core Viewpoint - Holcim plans to pursue approximately 15 acquisitions in 2026, indicating a sustained commitment to its M&A strategy in the building materials sector [1] Group 1 - The CEO of Holcim, Miljan Gutovic, announced the acquisition plans during the World Economic Forum in Davos [1]

Shares in Volkswagen jumped to the top of Germany's blue-chip DAX index on Thursday after Europe's biggest carmaker reported better-than-expected 2025 net cash flow in its automotive division. ...

Beazley rejected a 7.67-billion-pound ($10.3 billion) takeover bid from Zurich Insurance on Thursday, citing that it "materially undervalues" the UK speciality insurer and was lower than another proposal it rejected last year. ...

Group 1 - Shares in Ubisoft experienced a significant decline following the announcement of a major reorganization and the cancellation of six games [1]

Core Viewpoint - Harbour Energy, focused on the North Sea, reported 2025 production at the upper end of its forecast, driven by increased output from new wells and projects [1] Group 1 - The company experienced stronger production due to the successful implementation of new wells [1] - Harbour Energy's production forecast for 2025 has been positively adjusted, reflecting robust operational performance [1]

Group 1 - Societe Generale announced a reduction of 1,800 positions in its French retail banking branch [1] - The job cuts may extend beyond the French retail banking sector [1]