BUSINESS

BP Buys Into Australian Wind, Solar, Hydrogen Mega-project

Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022.
BP plc has agreed to buy a 40.5% stake and become operator of an Australian renewable energy project that could become one of the world's biggest producers of green hydrogen, the global oil major said, without disclosing how much it paid.
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The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022.

UK Tribunal Backs Most Of Ruling Against Meta's Giphy Deal

Meta Platforms won an appeal against Britain blocking its acquisition of Giphy on a single procedural ground, but the country's Competition Appeal Tribunal (CAT) endorsed the regulator's finding that the deal could harm competition.
Gas prices are displayed at a Sunoco gas station after the inflation rate hit a 40-year high in January, in Philadelphia, Pennsylvania, U.S. February 19, 2022.

U.S. Fuel And Trucking Costs Power Producer Inflation

U.S. producer prices increased solidly in May as the cost of gasoline surged, another sign of stubbornly high inflation that could force the Federal Reserve to raise interest rates as much as 75 basis points on Wednesday.

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