North Sea oil and renewables: The UK’s next PM faces a defining energy policy decision
Andy Burnham could face an early test over North Sea oil drilling as energy shocks revive the UK energy security debate.
KKR to control South Korea’s $1.3 billion renewables platform with SK as AI power demand rises
The announcement came after South Korea announced on Monday three massive investment projects, spanning semiconductors, physical AI and AI data centers.
Andy Burnham’s first big fight could be with Wall Street investors
Andy Burnham’s determination to see greater public control over utilities could set him on a collision course with some big-name U.S. investors.
Japan spent $74 billion propping up the yen. Investors say the real battle is with the Fed
Yen intervention alone is unlikely to reverse losses while wide U.S.-Japan rate differentials keep supporting the dollar, said analysts.
Employers who laid off workers citing AI are already starting to regret it
Companies are realizing artificial intelligence can’t do everything after all, prompting them to rehire employees to grow their businesses
LNG market disruption may continue for months as a top producer withholds some Italian shipments
QatarEnergy extended its force majeure, withholding four additional liquefied natural gas cargoes until September.
U.S. military deploys over 900 personnel to Venezuela for earthquake response
U.S. forces joined search-and-rescue operations, restored airport operations and mobilized air and naval assets to speed humanitarian aid after the earthquakes.
Iran says it is selling oil at 20% premium as end of U.S. blockade sees 40 million barrels exported
The ceasefire prompted a surge in crude shipments through the Strait of Hormuz, where traffic had largely ground to a halt during the conflict.
CNBC Daily Open: AI demand fuels investors’ portfolios while oil posts biggest monthly decline
The tech space continues to be fueled by rising artificial intelligence demand, with investors piling their portfolios in the technology, while Amazon Web Services dabbles with Forward Deployed Engineering units to better compete with OpenAI and Anthr…
Anthropic says Trump admin has lifted export controls on Claude Fable 5 and Mythos 5
The U.S. Department of Commerce lifted the export controls on Anthropic’s Fable 5 and Mythos 5 models
