The situation had reached a point, the company said, where it could no longer “make a sufficiently positive contribution in the country.” Since the coup, the military regime has waged a brutal crackdown on protests.
Chevron and TotalEnergies have in the past argued that their presence was beneficial to the people of Myanmar and that shutting off the flow of gas would increase hardship.
TotalEnergies owns about 31 percent of the project, which dates to the 1990s, while the rest is owned by Chevron .
And TotalEnergies said in its news release that stopping revenue going to the Myanmar government from Yadana was “materially impossible” because most of the payments from gas sales from the project are made by the Thai company.
The path of the pandemic is uncertain, but investors may have already made up their minds about the prospects for companies that had prospered months earlier.
Netflix reported its fourth-quarter earnings after the market closed, and warned that subscriber growth was about to slow.
The company, which now has 222 million subscribers, forecast that it would gain only 2.5 million customers in the current quarter, far from analysts’ average estimate of just over six million.
That gives them license to market their streaming efforts outside the United States, where all the growth is.
Until the expected decline in growth announced on Thursday, investors were essentially paying double for each dollar of expected profit at Netflix, versus tech giants like Meta and Alphabet.
The company said it was weighing layoffs.
The company denied that it would temporarily halt all production because of a glut in inventory, pushing back on a CNBC report that had sent its shares plunging.
Elon Musk, Tesla’s chief executive, had hoped the facility, the company’s first assembly plant in Europe, would have been completed by the end of last year.
Birgit Dietze, the regional leader for the IG Metall union, which represents autoworkers in Germany, said on Thursday that a vote for 19 representatives to serve on the works council had been scheduled for Feb.
Works councils, committees that represent employees in helping to set factory policies, are standard in German companies.
Members of the state government in Brandenburg, which has not yet granted final approval for the $7 billion plant, said earlier this month that all of the necessary paperwork had been received in late December and the process was in its final stages.
“We are on what we hope are the last steps as far as the whole issue of permits for the factory,” Jörg Steinbach, Brandenburg’s minister for the economy, said last week.
IG Metall said it was concerned that the works council vote had been scheduled even though roughly only one in six of the estimated 12,000 people who are expected to work at the plant have been hired so far.
Although Tesla has opposed unions at its plants in the United States, Germany has a strong tradition of unionization, and IG Metall recently opened an office near the plant and has been answering questions from workers and those applying for jobs.
The plant, where Tesla expects to eventually produce 500,000 Model Y sport utility vehicles a year, has begun turning out cars, but they are prototypes that cannot be sold.
Peiter Zatko, the head of security who is better known within the security community as “Mudge,” is no longer at the company, Twitter confirmed.
The changes follow “an assessment of how the organization was being led and the impact on top priority work,” according to a memo from Parag Agrawal, Twitter’s chief executive, that was sent to employees on Wednesday and obtained by The New York Times.
Mr. Agrawal, who was appointed Twitter’s chief executive in November, has shuffled the company’s executives since taking over from Jack Dorsey, a founder.
He began his cybersecurity career in the 1990s, when he was a member of the hacking group Cult of the Dead Cow.
Lea Kissner, Twitter’s head of privacy engineering, will become the company’s interim chief information security officer, according to current and former employees.
Two years into the pandemic, rundown bungalows command bidding wars, buyers keep snatching up places they’ve never seen, and homebuilders can’t find enough hardware.
Intel has will build a new $20 billion chip manufacturing complex in Ohio, ramping up an effort to increase U.S.
Netflix said it had added 8.3 million subscribers in the fourth quarter, but was expecting growth to slow this year, prompting its stock to drop in after-hours trading on Thursday.
Mustafa Suleyman, a pioneer in the field of artificial intelligence, is leaving Google after a rocky tenure to join the venture capital firm Greylock Partners.
That’s $3 million more than a year earlier, when he received no raise — but did get a midyear bonus in the form of stock options he can exercise in 2026.