BP Profits Fall 16% as Share Buybacks Cease Amid Debt Crisis

BP's annual profits have dropped 16% to $7.5bn due to falling oil prices, with the company halting share buybacks to prioritise debt reduction. This raises questions about the future of Britain's iconic oil major amid a struggling green transition.

US Foreclosures Jump 32% Year-on-Year in January 2026

Foreclosure activity in the United States has increased for eleven consecutive months, with January 2026 filings up 32% from last year, signaling escalating pressure on homeowners amid broader financial strain.

Asian Shares Advance After Weak US Retail Data

Asian stock markets posted moderate gains on Wednesday, buoyed by mixed US performance and weak holiday retail data that could prompt Federal Reserve interest rate cuts. Key indices in China, Australia, and Taiwan all climbed.

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