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BP profits plunge 96% in fourth quarter as pandemic hits fuel demand

BP profits plunge 96% in fourth quarter as pandemic hits fuel demand

BP reported a 96 per cent drop in fourth-quarter profits as the hit to energy demand from the pandemic and weaker trading results took the UK oil major to its first annual loss in a decade. Underlying profit on a replacement cost basis — the measure of income tracked most closely by industry analysts — was $115m in the three months to December 31. This fell short of analyst expectations of a profit of $370m, according to a company-compiled estimate, and compares with $2.6bn in the same period the year before. It has been a brutal year for the industry,…

Company behind supersonic private jet breaks ground at $ 300 million Florida headquarters

Fox Business Flash top headlines are here. Check out what's clicking on FoxBusiness.com. Supersonic airline Aerion broke ground with its new global headquarters in Melbourne, Tear., where it plans to produce the world's first business jet that can fly faster than the speed of sound - an indication that a new era of travel at speeds above Mach 1 is approaching.The advanced campus, designed and constructed by construction company Haskell, will be used for research, design and production of AS2, which is expected to begin in 2023, Aerion said. Aerion is collaborating with one-time supersonic aircraft manufacturer Boeing and General…

WHO investigators probe Wuhan virology lab

WHO investigators probe Wuhan virology lab

The World Health Organization team investigating the origins of coronavirus has visited a Wuhan laboratory that has become a focal point of theories suggesting a leak was responsible for the pandemic.The heavily-guarded team of experts was escorted from the cordoned-off wing of their hotel to the Wuhan Institute of Virology on Wednesday by a delegation that included plainclothes security as well as foreign ministry staff. Peter Daszak, a team member and head of EcoHealth Alliance, a non-governmental organisation, told journalists the WHO experts were “asking all the questions that need to be asked”.The team of epidemiologists, zoologists, virologists and public…

The resort’s $ 500G Mexican package tour includes private jet, ‘world’s most expensive taco’

The last year has been rough for many people. Maybe it's time to pamper yourself.For those who are ready to pamper themselves with half a million dollars, luxury Mexican hotel owners Resorts in Velas and private jet service Air Partner offers an all-inclusive "Grand Velas Journey" vacation starts at $ 500,000 for two people.The two-week "adventure" includes private shuttle transportation that picks up guests throughout the United States and continues to deliver them to the various luxury resorts and exotic excursions included in the trip. Velas Resorts and private jet service Air Partner offer an all-inclusive "Grand Velas Journey" vacation…

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