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AI-powered tools and social media are changing the way people shop online, according to DHL’s new E-Commerce Trends Report 2025, which surveyed 24,000 online shoppers in 24 countries. The report highlights four major trends: AI-driven shopping features, the rapid growth of social commerce, the continued importance of delivery and returns, and a shift toward more sustainable shopping. “It’s important to recognize that there isn’t just one type of online shopper or one type of market. The reasons for cart abandonment can vary widely,” said Pablo Ciano, CEO of DHL eCommerce. “Our E-Commerce Trends Report analyzes the trends and developments shaping online…

Iraq’s federal government holds the Kurdistan Regional Government (KRG) legally responsible for continued oil smuggling operations from Kurdistan outside Iraq, the Iraqi Oil Ministry said on Thursday.The ministry “reserves the right to continue to take all legal actions in this regard,” it added in a press release, in which it called on the Kurdistan Region Government once again to comply with the Iraqi Constitution, the Decisions of the Federal Court and the other relevant laws, including the General Budget Law. All these laws and court rulings on constitutional matters since 2022 have obliged the regional government of the semi-autonomous region…

Paris: French oil and gas giant TotalEnergies goes on trial in Paris on Thursday over allegations of misleading climate claims, an unprecedented “greenwashing” case against a fossil fuel firm in France.The civil case stems from a March 2022 lawsuit by three environmental groups accusing the French energy giant of “misleading commercial practices” for saying it could reach carbon neutrality while continuing oil and gas production.Starting in May 2021, TotalEnergies advertised its goal of “carbon neutrality by 2050” and touted gas as “the fossil fuel with the lowest greenhouse gas emissions”. At the time, the company had also changed its name…

Stay informed with free updatesSimply sign up to the UK energy myFT Digest — delivered directly to your inbox.Centrica has reached a £20bn deal to buy gas from Norway over the coming decade, in a sign that the UK will remain reliant on fossil fuel imports as it winds down North Sea exploration. The energy group will buy 5bn cubic metres of gas from Norway’s state-owned Equinor each year from October until 2035 — equivalent to about 9 per cent of the UK’s gas demands last year and enough to supply 5mn homes.Centrica’s Equinor deal is about half the amount it…

Fusion energy company TAE Technologies announced that it has raised $150 million in a new funding round, with participation from investors including Chevron, Google and NEA. TAE said that the new capital will support its efforts to deliver world’s first commercial fusion power. Fusion, the process of combining two atoms to form a single atom to release energy, has long been viewed as crucial to a clean energy future, given its potential to produce power from hydrogen, while generating no carbon emissions. Large-scale fusion energy generation has been elusive, however, given the need to create extremely high temperatures and pressure.…

Globant, a large tech consulting firm, just ripped up its traditional billing strategy to more fully embrace AI use cases and projects.This is a trend I told you about back in April. The generative AI boom is pushing companies to adopt different pricing models, partly because the latest models have become so expensive to use.This is already taking hold in the SaaS industry. Now it is beginning to happen in consulting.Globant, an IT services specialist that competes with Accenture and other consulting firms, is rolling out AI Pods, a subscription for AI-powered offerings including software engineering, product definition, design, and…

Viper Energy Inc and Sitio Royalties Corp announced in a joint statement that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 billion, including Sitio’s net debt of approximately $1.1 billion as of March 31, 2025. “The consideration will consist of 0.4855 shares of Class A common stock of a new holding company for each share of Sitio Class A common stock, and 0.4855 units of Viper’s operating subsidiary, Viper Energy Partners LLC, for each unit of Sitio’s operating subsidiary (along with a corresponding amount of Class B common stock of pro forma Viper…

Global investment manager T. Rowe Price announced the appointment of Matt Lawton as Head of Impact Fixed Income. T. Rowe Price launched its first impact credit strategy, the Global Impact Credit Strategy, in 2021, focused on investing in companies that create positive and measurable impact while also seeking outperformance. The firm added a new Global Impact Short Duration Bond Strategy in 2024, and has announced plans to create a global blue bond strategy to increase access to finance for blue projects in emerging markets. Lawton joined T. Rowe Price in 2011, and has most recently been serving as lead portfolio…

Nigeria’s Oando PLC on Wednesday reported NGN 4.1 trillion ($2.61 billion) in revenue for 2024, up 44 percent thanks to about four months of contribution from Nigerian Agip Oil Co. (NAOC), acquired from Eni SpA in the third quarter last year. “2024 was a defining year for Oando, with the successful acquisition and integration of NAOC marking the culmination of a decade-long strategic growth journey which has significantly deepened our upstream portfolio, resulting in our assumption of operatorship of the OML 60-63 series and the doubling of our working interest in the assets from 20 percent to 40 percent, as…

GlobalFoundries is making a $16 billion bet on bringing more chip manufacturing back to the U.S. What’s RelatedThe company announced Wednesday that it will expand its semiconductor production and advanced packaging work at its New York and Vermont factories. The goal is to meet growing demand for chips that power artificial intelligence, cloud computing, electric vehicles, and communications. GlobalFoundries works with the Trump Administration and major tech companies, including Apple, SpaceX, AMD, Qualcomm, NXP, and General Motors. These companies want to make more chips in the U.S. and reduce dependence on overseas suppliers. “At GlobalFoundries, we are proud to partner…