One petrol retailer says he is experiencing about five drive-offs a week at each forecourt, costing him thousands. ...
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JD Vance to lead US delegation in Pakistan if Iran agrees to talksJD Vance to lead US delegation in Pakistan if Iran agrees to talks
US vice-president to travel to Islamabad with Steve Witkoff and Jared Kushner as deadline for current ceasefire looms Pakistan seeks to raise its global standing in push for Middle East peace JD Vance is expected to fly to Islamabad at the head of a US diplomatic delegation on Tuesday if ...
Canadian killed in shooting at Mexico’s ancient Teotihuacán pyramidsCanadian killed in shooting at Mexico’s ancient Teotihuacán pyramids
Several people were also injured in the incident on Monday at the popular tourist site, say Mexican officials. ...
Trump says US will not lift Hormuz blockade until deal made with IranTrump says US will not lift Hormuz blockade until deal made with Iran
The US president’s comments come amid uncertainty over whether Iran will attend peace talks in Pakistan this week. ...
Apple names new chief executive to replace Tim CookApple names new chief executive to replace Tim Cook
John Ternus will take over running the technology giant as Cook steps up to become executive chairman. ...
Iran war dents hopes of Mideast drilling boomIran war dents hopes of Mideast drilling boom
The Iran war is fundamentally reshaping the oil industry, as geopolitical volatility rattles traders and derails expectations of a Middle East drilling boom. US President Donald Trump’s policy swings on the conflict, delivered via social media, have transformed the way oil markets behave, Citadel’s head of commodities told the Financial ...
ByteDance profit falls on AI spendingByteDance profit falls on AI spending
Chinese tech giant ByteDance’s profit fell more than 70% as the company leaned aggressively into AI, underscoring the financial challenges facing the country’s tech scene amid intensifying domestic competition. ByteDance, which owns TikTok and its Chinese counterpart Douyin, spent much more on computing power, AI infrastructure, and research, according to ...
Russia may scrap spending rule as economy falters amid Ukraine warRussia may scrap spending rule as economy falters amid Ukraine war
Russia may sacrifice a crucial spending rule as the Ukraine war puts the economy under pressure, The Bell reported. The budget rule dictates that when oil goes above a certain price, excess revenues are saved in a rainy-day fund for use in leaner times, to smooth out volatility. The Iran ...
Asia focuses on energy security amid warAsia focuses on energy security amid war
Supply disruptions from the Middle East are forcing Asia to put a greater focus on energy self-sufficiency. Mitsubishi recently began operating a power plant in Vietnam that only sources coal from nearby countries, helping Hanoi — which gets 80% of its crude oil imports from Kuwait — reduce dependence on ...
Gazprom’s German unit eyes privatizationGazprom’s German unit eyes privatization
Germany is taking steps to privatize the division of Russian gas supplier Gazprom that was seized by Berlin in 2022. The company, now called Sefe, was nationalized in response to Russia’s invasion of Ukraine, and has played a central role in Germany’s energy transition away from Russian gas. Its CEO ...