Is the oil industry facing an existential crisis?

Is the oil industry facing an existential crisis?

By the year 2050, 8 of 10 cars sold globally will likely be electric. That’s a prediction from IHS Markit energy expert Dan Yergin and one that appears to dovetail a progressive political vision of a world free of oil companies. But what that prediction really means, …
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Sony boosts PlayStation profits despite looming PS5 launch

The company announced PlayStation-related revenue of 507 billion yen (~$4.9 billion) and an operating profit of 105 billion yen (~$1 billion) for its July-September quarter, respective improvements of 52 and 40 percent on the same period a year ago.
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Mercedes-Benz Will Buy Up To 20% In Aston Martin, Which Shores Up Its Finances

Aston Martin shareholders will breathe a sigh of relief as a deal with Daimler’s Mercedes Benz in which it acquires up to a 20% stake in the financially troubled British luxury sports car and SUV maker includes access to next-generation hybrid and electric …
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Germany Moves to Shutter Bars and Restaurants for One Month

… to an absolute minimum, and to avoid all non-urgent private travel, according to a draft federal government briefing paper obtained by Bloomberg.
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Streetbees raises $39M in a Series B round as brands race to interrogate Pandemic-hit consumers

Streetbees started out as an app for consumers to snap pictures of supermarket shelf layouts and get paid. Consumer brands wanted to know if the supermarkets really had put them at eye level or not. Quickly, the startup realized it could interrogate …
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