Saudi Arabia to extend voluntary 1 million barrel per day crude oil production cut into September
Heavyweight oil producer Saudi Arabia will extend a 1 million barrel per day crude output cut into September, the state-owned Saudi Press Agency said.
Unprecedented Canada wildfires obliterate previous annual pollution record in just seven months
Astonished climate scientists have warned that the unprecedented nature of what’s happening in Canada is a harbinger of what’s still to come.
Chinese tech giant Alibaba challenges Meta with open-sourced A.I. model launch
In April, Alibaba launched its large language model (LLM) called Tongyi Qianwen as it looks to get in on generative AI.
Bank of England hikes rates by quarter percentage point in split vote
The Bank of England on Thursday raised its main interest rate by 25 basis points to 5.25%, a 14th consecutive hike as policymakers strive to rein in inflation.
Watch Governor Andrew Bailey speak after the Bank of England’s rate hike
Bank of England Governor Andrew Bailey is speaking at a press conference following the U.K. central bank’s latest monetary policy decision.
Tom Brady takes minority stake in second-tier English soccer club Birmingham City
Seven-time Super Bowl champion Tom Brady has become a minority owner of English soccer club Birmingham City.
Warren Buffett says he’s not worried about Fitch’s U.S. downgrade
Warren Buffett shrugged off Fitch’s U.S. downgrade, noting it doesn’t change what his conglomerate, Berkshire Hathaway, is doing at the moment.
Rolls-Royce’s turnaround delivers fivefold increase in profit
Aero-engineer Rolls-Royce on Thursday reported a strong recovery in profit as its new CEO’s turnaround plan gathers pace.
Crypto exchange HashKey bags license update to serve retail users
HashKey became the first crypto exchange to get licensed in Hong Kong.
The Fitch U.S. ratings cut is here to stay, says analyst who worked on the S&P downgrade in 2011
“It does not take a grand sovereign and analytics genius to understand that the fiscal profile of the U.S. is much worse than it has been,” said Elliot Hentov.
