US government quadruples its $9 bn Intel bet
The US government has gained nearly $27 billion from its Intel investment as the chipmaker posted strong results,…
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US big tech giants to axe up to 16,000 employees – FT
Meta and Microsoft are reportedly planning to cut up to 10% of their staff due to rising costs Read Full Article at…
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Middle East war fallout hits consumers worldwide
Consumers worldwide are facing more shortages and higher prices as the Middle East war is disrupting supply chains and…
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Number of billionaires set to soar on AI gains – report
The global billionaire population is set to rise 25% to nearly 4,000 by 2031, driven by AI-fueled wealth creation,…
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US defends Russia oil sanctions waiver extension
Some of the “poorest” countries asked for an extension on Russian oil sanctions relief to curb prices, US Treasury…
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EU energy bill spikes amid Iran war supply shock – commissioner
EU fossil fuel import costs have risen by over $28 billion since the Middle East conflict began, Energy Commissioner…
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Tim Cook stepping down as Apple CEO
Tim Cook is stepping down as Apple CEO after nearly 15 years in the role, with hardware chief John Ternus set to…
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Oil jumps after US seizes Iranian ship near Hormuz
Oil prices have surged amid renewed Middle East tensions and fears of supply disruptions caused by the closure of the…
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Supply chains breaking: The hidden bottlenecks threatening to bring the global economy to a standstill
Many underappreciated bottlenecks are threatening the global economy, with naphtha, diesel, aluminum, sulfur, helium…
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War on Iran leaves $58 billion repair bill across region – report
US-Israel strikes and Tehran’s retaliation are pushing oil and gas facility damage costs toward $50 billion, Rystad…
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IMF raises Russia’s growth outlook
The IMF has raised Russia’s growth forecast on higher commodity prices amid the global economic fallout from the Middle…
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Russia strikes key energy deal with Asian BRICS partner
Indonesia has agreed to buy crude oil and LPG from Russia as Middle East supplies remain uncertain Read Full Article at…
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What is fueling unrest across the EU?
Fuel supply disruptions and rising prices linked to the war in the Middle East trigger protests and threaten wider…
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Middle East war triggering global energy ‘shock’ – IMF
Energy supply disruptions caused by the war in the Middle East will have a lasting impact on the global economy, the…
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White House warns staff over Iran war bets – media
The warning comes as markets have spiked on several occasions before big announcements by President Trump Read Full…
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Mexico threatens to ditch US gas
Mexico, the largest importer of US natural gas, is exploring fracking as the war in the Middle East fuels global energy…
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US energy giants report fallout from Middle East war
US oil giants ExxonMobil and Chevron have reported lower output as the Iran conflict has disrupted the energy supply in…
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New AI too dangerous for public release – Anthropic
Anthropic formed Project Glasswing with Big Tech partners and is discussing capabilities of the new AI Mythos model…
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The nightmare oil price nobody’s talking about
Brent crude futures are lagging behind real-world prices, meaning oil supplies are being hit harder by the Iran war…
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EU members forced to pay billions for von der Leyen’s Covid deal
Poland and Romania must fulfill their obligations under an EU deal and buy $2.2 billion worth of Covid-19 vaccines, a…
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Panic buying drains French gas stations
France is facing a fuel crunch after price caps and panic buying sparked shortages at hundreds of TotalEnergies filling…
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Europeans must pay more for medicine – German pharma giant
German pharma giant Bayer says European drugmakers must raise prices for new medicines to offset US pressure to cut…
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UK facing worst economic shock in decades – IMF
The UK faces one of the largest economic shocks in years from the Middle East conflict, the IMF has warned Read Full…
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US court rules against Pentagon in killer AI dispute
A US judge has blocked the Pentagon’s contract ban with Anthropic after the AI company refused to allow military use of…
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Europe to face fuel shortage – Shell CEO
European diesel and gasoline supplies could be affected next month due to the Iran war, Shell CEO Wael Sawan has warned…
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Russian oil at premium over Middle East war – Bloomberg
Indian refiners have reportedly boosted Russian oil purchases, paying above Brent price as the Middle East war disrupts…
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EU shelves Russian oil ban as Iran war rattles energy markets
The EU has reportedly delayed plans for a complete ban on Russian oil imports amid the turmoil in global energy markets…
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US threatening EU energy supply to push through trade deal
The EU could lose “favorable” access to American gas if it amends a trade deal with Washington, the US envoy to the…
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EU push for AI sovereignty could lead to ‘disaster’ – Siemens boss
The EU risks falling behind on innovation by cutting reliance on US technology too quickly, Siemens CEO Roland Busch…
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EU energy crisis caused by policy mistakes – Rosatom chief
The EU energy crisis is a result of “decades” of policy mistakes like transition from nuclear power, Alexey Likhachev…
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OnlyFans billionaire owner dies
OnlyFans owner, Ukrainian-born Leonid Radvinsky, has died of cancer aged 43 Read Full Article at RT.com
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EU nation planning ‘fuel tourism’ crackdown
Slovakia could hike diesel prices for foreign drivers amid a global oil market squeeze, Prime Minister Robert Fico has…
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EU will ‘inevitably beg for more Russian gas’ – Putin envoy
EU gas prices will grow by 100% more than previously projected, meaning the bloc will “inevitably beg” for Russian gas,…
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Iran war could cost over 100,000 Brits their jobs – Telegraph
High oil prices resulting from the US-Israeli war on Iran could cost over 100,000 jobs in the UK, the Telegraph has…
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Hormuz war risk premiums spike – Euronews
The US-Israeli war with Iran has made the Strait of Hormuz the world’s most expensive waterway, according to Euronews…
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Iran war could bring billions to US energy firms – FT
US oil companies could gain $63 billion as the war in the Middle East pushes crude prices higher, the FT has reported…
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