Our list of the world's 25 largest publicly traded oil and gas producers is based on their most recently published production data, gathered from S&P Global Market Intelligence. If there were questions or uncertainties about the data (e.g., reported numbers were outdated) we turned to corporate earnings reports and presentations.
It has been called the crown jewel of the Chinese technology industry, but now one of its top executives has been arrested. Meng Wanzhou, the chief financial officer of Huawei, was detained in Canada and the United States wants her to be extradited. It comes as heightened economic tensions between the US and China seemed to be cooling - at least a little. Last week, US President Donald Trump and China's Xi Jinping held talks on the sidelines of the G20 summit. Washington agreed not to increase tariffs on January 1. Meng was detained on the same day the two leaders met.
Just one day after Ajit Pai's FCC released the text of its order to gut net neutrality, a lobbying group that represents the largest tech companies in the world has decided to take legal action. The Internet Association represents companies like Amazon, Facebook, Google, Netflix, Twitter and other heavy hitters. It will join an existing lawsuit as an intervening party, which lets the group file arguments against the FCC.
Martin Sorrell, who built WPP into the world's biggest advertising agency through 33 years of dealmaking, quit Saturday after an allegation of personal misconduct. The departure of the CEO who built a two-man outfit into one of Britain's biggest companies with 200,000 staff in 112 countries leaves WPP without a boss at a pivotal time for the industry and when the group is under great strain. WPP stunned the market last week when it said it had appointed lawyers to investigate alleged misconduct by Sorrell. He denied the allegations but in a letter to WPP staff published late Saturday he said the "current disruption" was "putting too much unnecessary pressure on the business." He said he had decided that "in your interest, in the interest of our clients, in the interest of all shareowners, both big and small, and in the interest of all our other stakeholders, it is best for me to step aside."