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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,…

Non-responsive Private Jet encouraged Sonic Boom Over England

A Bombardier private jet lost contact with air traffic control over British airspace yesterday, forcing the Royal Air Force (RAF) to encrypt two military aircraft in response. While intercepting the plane, the two RAF Typhoon jets broke the sound barrier and erupted from a sound barrier heard over eastern England. RAF jets caused a sonic boom over Britain after intercepting a private jet. Photo: FAI AviationA private rental jet did not respond The private jet in question is a Bombardier Global Express (registration) D-AFAL) owned by FAI Aviation Rent-A-Jet. The plane was on its way to the United Kingdom from…

How to refinance your mortgage without closing the costs

Three important ways to reduce closing costs - even to zero. (iStock)With record lending refinancing rates, the refinancing activity for mortgages is high. There are many reasons to refinance right now, but do not forget it means taking out a brand new loan - and refinancing fees. In the excitement of mortgages refinance savings, many borrowers fails to take into account the total borrowing costsincluding payment for the closure.To really maximize savings on one refinancing of mortgage, it is important to understand how to refinance your mortgage without closing the cost. Here are some ways to get a mortgage without…

US police and hearth departments partnering with Amazon’s Ring passes 2,000

US police and fire departments partnering with Amazon’s Ring passes 2,000

Greater than 2,000 police and hearth departments within the US have now partnered with Amazon’s Ring digital camera system, doubling the dimensions of the controversial surveillance community up to now yr.Figures printed by Amazon on Friday confirmed that 1,189 departments within the US have been added to the programme in 2020, with the full — together with 305 hearth departments — now at 2,014, with 62 having been added to this point in 2021.All however two of the 50 US states — Montana and Wyoming — now have departments concerned with the Ring programme, which permits officers to contact customers…

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