011 Modello 3

Exxon to slash low-carbon spending by a third

Oil major will cut investment over next five years from $30bn to $20bn

Country is now running ultraorthodox policy but still struggling to bring persistent inflation down

US president freed convicted drug trafficker from 45-year sentence, but he still faces charges at home

When historians assess this age of American populism, Silicon Valley’s plutocrats will surely be judged its winners

Commodities trader says burst of new supply coming online will collide with reduced demand growth

Neighbouring South Sudan unable to export its oil via Red Sea following RSF victory across the border

Higher insurance costs, western sanctions and damage to infrastructure could erode Russian profits

Traditional or ‘kogei’ works in clay, glass and wood are an immeasurable step up from stocking filler tat

RIP EMH

Also in today’s newsletter: Fed and ECB moves on rates, and Revolut’s buyback offer

A new book traces Franco Pepe’s farm-to-fork revolution

UAE energy giant emerges as frontrunner to buy Russia’s controlling stake in Serbia’s sole oil-processing facility

Oliver Zipse will be replaced by production head Milan Nedeljković in May

Discussions among regulators come as Beijing seeks to achieve self-sufficiency in semiconductor production

NHS in England ‘struggling to provide safe, reliable maternity and neonatal care’

Rwanda-allied M23 advances towards the eastern city of Uvira less than a week after accord signed at White House

Investigation is bloc’s latest challenge to US big tech companies

UK minimum wage, among the most generous in the rich world, is the only plausible explanation

Kazuo Ueda’s comments feed market expectations of an interest rate rise at next week’s meeting

Brussels cuts number of companies forced to comply and removes clause on climate plans for business

Prospect of higher borrowing costs in Eurozone, Australia and Canada could leave Federal Reserve as an outlier in 2026

Vilnius’s move follows appeals to EU to take more action against ‘hybrid’ attacks from Russia-aligned neighbour

Deep cuts at its steel division and weak demand weigh on German industrial heavyweight