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Why Iraq is unlikely to fulfil rising oil demand

Jul 11, 2022 14:44 pm UTC| Business

At the recent G7 in Germany, French president Emmanuel Macron was overheard expressing doubts that Saudi Arabia and the United Arab Emirates (UAE) two of OPECs biggest exporters would be able to increase their oil...

How might the cost of living crisis affect the UK gambling industry?

Jul 11, 2022 14:42 pm UTC| Business

The cost of living is rising and has been continuous since 2021. In April 2022, inflation reached the highest level on record. It is expected to peak at almost 9% by Q4 2022. Soaring energy prices have seen domestic gas...

7-Eleven speeding up merger deal with MInistop

Jul 11, 2022 10:18 am UTC| Business Economy

7-Eleven operator, Lotte Groups Korea Seven, is picking up speed with the completion of its merger and acquisition (MA) deal with Ministop so it can start the take over of the stores in South Korea. As per Pulse News,...

Ford issues new recall for 100,000 vehicles in the US over fire risks

Jul 11, 2022 09:40 am UTC| Business Economy

Ford Motor Co. has issued another recall for its vehicle models, but this time, the number is higher. The company recalls 100,000 units of its hybrid vehicles due to the risk of catching fire. This new Ford Motor recall...

Twitter hires Wachtell law firm as it vows to fight Elon Musk for scrapping $44 billion acquisition deal

Jul 11, 2022 09:31 am UTC| Business Economy

Twitter Inc. is suing Elon Musk for terminating their $44 billion acquisition deal. The social media platform vowed to legally fight the 51-year-old billionaire, so it reportedly hired Wachtell, Lipton, Rosen Katz LLP law...

South Korea slashing tariffs on beef, chicken and others to alleviate inflation

Jul 11, 2022 09:08 am UTC| Business Economy

South Korea is removing tariffs on some daily necessities, including chicken, beef, coffee beans, green onions, and powdered milk. The Korean government is slashing the duties on the said items in an effort to help ease...

Coupang reportedly gets into financing business, adds loan service to its offerings

Jul 11, 2022 08:12 am UTC| Business Economy

Coupang is a known e-commerce company in South Korea but will soon offer a new service to expand its portfolio. It is reportedly considering getting into the financing business by opening an online loan market. As per...

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Economy

US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices

U.S. Energy Secretary Chris Wright said Washington is preparing measures to help refiners increase fuel production as the Trump administration looks for ways to bring down gasoline prices following the U.S.-Israeli war on...

Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks

Canada is bracing for a new wave of 50% U.S. tariffs this week, raising concerns over job losses, weaker investment and fresh uncertainty surrounding the U.S.-Mexico-Canada Agreement (USMCA). U.S. President Donald Trump...

Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus

Wall Street closed lower Monday as investors stepped back following a record-setting week, while rising oil prices and persistent Middle East tensions weighed on market sentiment. The SP 500 fell 0.5% to 7,748.14, the...

Citadel Warns High Treasury Yields Pose Broader Market Risks

The Federal Reserves monetary policy strategy following the recent inflation surge is helping keep long-term US Treasury yields near multiyear highs, potentially creating wider risks across financial markets, according to...

Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz

Oil prices extended their gains Monday as escalating U.S.-Iran tensions over the Strait of Hormuz fueled concerns about global energy supplies and shipping disruptions. Brent crude futures for October delivery rose 2.5% to...

Politics

Trump Says Kim Jong Un Responded to Outreach After US Scales Back South Korea Military Drills

U.S. President Donald Trump said Monday that North Korean leader Kim Jong Un has responded to his recent outreach, signaling renewed communication between the two leaders as Washington moves to reduce joint military...

Trump Says Iran Should Surrender as Nuclear Deal Talks Stall

U.S. President Donald Trump said Monday that Iran is unlikely to accept the agreement he considers necessary to end the war with the United States, insisting Tehran must surrender and abandon any path toward developing a...

Gérald Darmanin Backs Édouard Philippe for 2027 French Presidential Election

French Justice Minister Gérald Darmanin has thrown his support behind former Prime Minister Édouard Philippe for Frances 2027 presidential election, ruling out a potential bid of his own as the countrys...

Russia-Ukraine Drone Attacks Escalate as Strikes Hit Moscow, Kyiv and Romania

Russia and Ukraine exchanged major missile and drone attacks overnight, leaving several people dead and damaging industrial and commercial facilities as the war continues to intensify. Russian forces struck ArcelorMittal...

US CENTCOM Chief Praises USS Abraham Lincoln Crew Amid Mental Health Concerns

U.S. Central Command chief Admiral Brad Cooper praised the crew of the USS Abraham Lincoln following a recent visit to the aircraft carrier, describing their performance and resilience as awe-inspiring amid growing...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside

Bank of America expects Micron Technology (NASDAQ: MU) to deliver more than $230 in earnings per share by fiscal 2030, significantly above Wall Streets current peak estimates, as artificial intelligence demand reshapes the...

Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate

Anthropics annual revenue run rate surpassed $65 billion by the end of July, highlighting the artificial intelligence startups rapid expansion as it prepares for a potential initial public offering later this year. The...

Google to Buy Spirit Airlines Business Data for $10 Million to Train AI

Google, a subsidiary of Alphabet, has agreed to acquire internal business data from bankrupt Spirit Airlines for $10 million, with plans to use the information for product development and artificial intelligence training....

Alphabet Eyes First Australian Dollar Bond as AI Spending Drives Funding Push

Alphabet, the parent company of Google, is preparing for its first-ever Australian dollar bond issuance as the U.S. technology giant explores new funding sources amid rapidly rising artificial intelligence investment. The...

Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push

Alibaba Group is reportedly selling its gaming subsidiary Lingxi Games in a transaction that could value the Chinese video game studio at more than $1.5 billion, as the technology giant redirects resources toward...