Ill-timed bets on rising demand have Exxon facing a shortfall of about $48 billion through 2021, according to a Reuters tally and Wall Street estimates, a situation that will require the U.S. oil company to make deep cuts to staff and projects.
Taiwan President Tsai Ing-wen called on Tuesday for an alliance of democracies to defend against "aggressive actions" and protect freedom, alluding to Chinese actions in the South China Sea and Taiwan Strait as major threats to regional stability.
Britain headed into Tuesday's fresh round of Brexit trade talks with a warning to the European Union that it was ramping up preparations to leave without agreement as both sides bickered over rules governing nearly $1 trillion in commerce.
India and China have accused each other of firing in the air during a new confrontation on their border in the western Himalayas, in a further escalation of military tension between the nuclear-armed nations.
World shares struggled on Tuesday as doubts about a recovery in tech stocks lingered after last week's rout, while the dollar awaited policy signals from the European Central Bank and the pound remained hostage to Brexit jitters.
Two Australian foreign correspondents were flown out of China for their safety, helped by Australian consular officials after being questioned by China's state security ministry, the Australian government said on Tuesday.
Amazon Chief Executive Jeff Bezos topped Forbes' list of richest Americans for the third year in a row, while U.S. President Donald Trump's ranking dropped as the coronavirus pandemic slammed his office buildings, hotels and resorts, the magazine said Tuesday.
Reuters provides several ways to securely and confidentially share information and materials with our journalists.
LEARN MORE ››
