Latest News Updates From Bloomberg News

BusinessFuel

Suitors Line Up for BP鈥檚 Castrol Unit

BP's Castrol lubricant business is attracting interest from Reliance Industries, Apollo Global Management and Lone Star Funds, as well as Saudi Aramco.

May 28, 2025
BusinessFuel

OPEC+ to Maintain Group Quotas Ahead of July Output Decision

OPEC+ gathered online May 28 to ratify its current groupwide production quotas, ahead of a decision by eight key members this weekend whether to bolster output again in July.

May 28, 2025
GovernmentBusinessPrivate

Sysco Helps Restaurants Caught in Trade War

Restaurant supplier Sysco is coaching eateries on substitutes for imported ingredients hit by President Donald Trump鈥檚 tariffs.聽

May 27, 2025
GovernmentBusinessLogistics

G-7 Ministers Tread Carefully Amid US Trade Tensions

鈥淭his is a very consequential moment for the G-7 in the world,鈥 Canadian Finance Minister Francois-Philippe Champagne told reporters May 20.

May 21, 2025
GovernmentBusinessLogisticsGlobal Freight

China-US Trade Soars in Race to Hit Trade Truce Window

A temporary trade truce between the world鈥檚 two largest economies has sparked a knee-jerk bounce across China鈥檚 ports and factory floors.

May 21, 2025
GovernmentBusinessLogisticsGlobal Freight

Tariff Truce Boosts Global Shippers

Importers rushing to ship Chinese goods to the U.S. using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters including Maersk and Cosco.

May 16, 2025
GovernmentBusiness

Companies Ramp Up Production to Hit 90-Day Tariff Window

It may only be a 90-day reprieve from the steepest of President Donald Trump鈥檚 China tariffs, but it鈥檚 enough time to entice companies to restart factory operations and start shipping.

May 13, 2025
BusinessTechnologyEquipment

Stellantis Nears CEO Pick With Antonio Filosa Leading

A spokesperson for Stellantis said no decision has been made and the timing for nominating the new CEO is unchanged. Filosa didn鈥檛 respond to a request for comment.

May 9, 2025
BusinessFuel

Shell Studies Acquisition of BP, Reports Say

Bloomberg reported that Shell is working with advisers to evaluate a potential acquisition of BP, its U.K. rival.

May 5, 2025
GovernmentBusinessFuel

OPEC+ Throws 鈥楤ombshell to the Oil Market鈥

OPEC+ agreed to surge output again in June, as the group鈥檚 leaders continue an accelerated revival of supply aimed at punishing overproducing members that has sent crude prices plunging.

May 5, 2025