Oil alliance OPEC+ zeroes in on group compliance
Dilara Irem Sancar | Anadolu | Getty Images The OPEC+ alliance is once more cracking down on group compliance with oil output cuts,
[...]
Breaking News: Economy
India rules out joining RCEP, accuses China of non-transparent trade practices
Indian flag and Chinese flag displayed on screen. Anadolu | Anadolu | Getty Images India’s commerce minister rejected the idea of joining the
[...]
Middle Eastern funds plowing billions into the hottest AI start-ups
Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley’s artificial intelligence darlings. Oil-rich nations like Saudi
[...]
Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp
Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week’s meeting because inflation is falling
[...]
Largest port on East Coast begins preparations for a strike
Port of New York/New Jersey executives tell CNBC they have begun preparations for a potential complete work stoppage by the International Longshoremen’s Association,
[...]
Fed cuts interest rates by a half point
WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half
[...]
Inflation is slowing but the Fed’s next move is still up in the air
US Federal Reserve Chair Jerome Powell arrives to testify before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary
[...]
Boeing factory workers strike for first time since 2008 after overwhelmingly rejecting contract
Boeing‘s factory workers walked off the job after midnight on Friday, halting production of the company’s bestselling airplanes after staff overwhelmingly rejected a
[...]
Trump tariff threats will trigger import ‘rush’ and consumer pay price
A cargo ship is sailing towards the docking of a foreign trade container terminal in Qingdao Port, Shandong province, in Qingdao, China, on
[...]
Draghi urges radical European Union reform requiring extra 800 billion euros a year
Italian Prime Minister Mario Draghi during the press conference at the Multifunctional Hall of the Prime Minister on July 12, 2022 in Rome,
[...]
