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Energy giant Orlen reports huge profit plunge

Orlen’s future is uncertain. Credit: Shutterstock, canon photographer Polish state-owned Orlen recently revealed a dramatic drop in its profits, reporting a net income of 188 million zloty (€43.3 million) for the third quarter of 2024 – a staggering 96 per cent decline year-on-year. The announcement has sparked significant criticism, especially from opposition members of Poland’s […]

Japan Publishing Giant Penalized for Cutting Freelancer Fees

TOKYO, Nov 13 (News On Japan) – Japan’s Fair Trade Commission has issued a recommendation to publishing giant KADOKAWA and its subsidiary, citing violations of the Subcontract Act over ‘unjust price cutting’ practices involving compensation paid to freelance writers and photographers. The companies under recommendation for violations of the Subcontract Act include KADOKAWA and its […]

Donald Trump warned not to pull out of Paris climate agreement—by the CEO of oil giant Exxon Mobil 

Donald Trump’s thumping re-election threatens to upend the business of an industry he’s sworn to protect: Big Oil.  Should his incoming administration follow through on plans to once again pull the United States out of the landmark 2015 Paris climate agreement—as a way to loosen regulations on fossil fuel companies—it could actually end up hurting […]

Former Starbucks CEO Howard Schultz says Brian Niccol’s back-to-basics plan will fix slumping sales at the coffee giant

Starbucks’ ex-CEO, Howard Schultz, told Fortune he trusts successor Brian Niccol to revitalize the company. Niccol plans a back-to-basics strategy as the coffee chain faces low sales. Schultz, who served three stints as CEO, said there’s no chance he’ll reprise his role again. Thanks for signing up! Access your favorite topics in a personalized feed […]

A Radio Burst from a Giant “Dead” Galaxy

Using the CHIME radio telescope, astronomers detected a three-second flash from a far-off galaxy that contained beat with a surprising regularity. Photo courtesy of CHIME, with background edited by MIT News For the first time ever, astronomers have detected a fast radio burst (FRB) in a large elliptical galaxy. The discovery, announced at the FRB2024 […]