The International Energy Agency (IEA) maintained its 2024 global oil demand growth forecast but adjusted its 2025 estimate downward, attributing the revision to the weakened Chinese economy. The IEA’s monthly report highlighted that China’s post-COVID economic surge has waned, significantly… Read More ›
Samsung Electronics’ largest workers’ union in South Korea announced on Tuesday that it would initiate a four-day strike starting Thursday, aimed at pressuring the company for higher wages and bonuses after negotiations with management failed in July. Lee Hyun-kuk, vice… Read More ›
The latest data reveals that advanced operating efficiencies in the U.S. shale sector are driving increased oil production without additional spending. This surge in output is set to influence global oil markets as OPEC prepares to unwind its output cuts… Read More ›
Phool dev Shahni, like his father and grandfather before him, once earned his livelihood by diving into 8-foot-deep muddy ponds to harvest makhana, or lotus seeds. “I used to dive in 7 to 8 feet of water for hours a… Read More ›
A U.S. court has mandated that bankrupt cryptocurrency exchange FTX pay $12.7 billion in relief to its customers, the Commodity Futures Trading Commission (CFTC) announced on Thursday. The ruling follows accusations that FTX lured customers with a false sense of… Read More ›
A recent study has uncovered a disturbing trend: a significant rise in the creation of AI-generated child sexual abuse material on the dark web. Research conducted by Anglia Ruskin University indicates a clear and growing demand for such content among… Read More ›
An index of European banks headed for its biggest weekly fall in 17 months on Friday, thanks to soft earnings earlier in the week and a global equity sell-off gathering pace. The STOXX index has fallen 5.8% this week, as… Read More ›
The U.S. employment report for July sparked significant reactions in the financial markets, leading to what many called “Freakout Friday.” The data showed a rise in the unemployment rate to a post-pandemic high and the slowest private-sector hiring in 16… Read More ›
Inflation in the U.K. has aligned with the Bank of England’s (BoE) 2% target in recent readings, yet the central bank may hesitate to reduce interest rates this week. On Wednesday morning, market pricing indicated a 60% probability of a… Read More ›
Oil futures rebounded more than $1 a barrel from seven-week lows on Wednesday following the assassination of Hamas leader Ismail Haniyeh in Iran, escalating tensions in the Middle East. Despite this uptick, prices continue to be weighed down by concerns… Read More ›
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