A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to come The conflict in the Middle East has claimed Opec as the latest casualty of war. The United Arab Emirates’ shock exit from the oil cartel on Tuesday after 60 years ...
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Saudi Arabia to stop funding LIV Golf next seasonSaudi Arabia to stop funding LIV Golf next season
Saudi Arabia will withdraw its multi-billion dollar backing of LIV Golf at the end of the season, plunging the future of the series into doubt. ...
Banksy confirms he’s behind statue in central LondonBanksy confirms he’s behind statue in central London
The sculpture in central London of a man walking off a plinth while holding a flag has been drawing crowds. ...
Trainee driver crashes bus into River Seine in ParisTrainee driver crashes bus into River Seine in Paris
The driver hit a parked car and veered off the road into the river – about 12 miles south of Paris – early on Thursday. ...
Interest rates held at 3.75% as Bank of England hints at future rises over Iran warInterest rates held at 3.75% as Bank of England hints at future rises over Iran war
The Bank of England voted to hold interest rates at 3.75% as it monitors the knock-on effects of the Middle East conflict. ...
Watch: Protesters jeer as Starmer visits first responders in Golders GreenWatch: Protesters jeer as Starmer visits first responders in Golders Green
A group shouted “Keir Starmer, Jew harmer” as his car entered a building where the prime minister met with emergency services. ...
Kenya eyes $600M in World Bank emergency fundsKenya eyes $600M in World Bank emergency funds
Kenya is eyeing around $600 million in emergency funds from the World Bank in a bid to soften the impact of the Iran war, which is upending economies across the continent. The East African nation is particularly vulnerable given it imports the vast majority of its fuels from the Gulf. ...
BP signs new natural gas exploration deal with VenezuelaBP signs new natural gas exploration deal with Venezuela
BP signed a natural gas exploration agreement with Venezuela, the latest sign of surging investor appetite in the Latin American nation. The deal follows similar ones with Italy’s ENI and Spain’s Repsol as Caracas seeks to revive fossil fuel production in the country, home to the world’s largest stated crude ...
UAE exits OPEC to chase the future economyUAE exits OPEC to chase the future economy
Judah’s view For more than five decades, Abu Dhabi sat at the table that shaped global energy markets. It helped build OPEC into the most consequential commodity cartel in history, endured its internal tensions, and absorbed its quota constraints. On May 1, that chapter ends. The Iran war was a ...
Dan Schulman, Verizon CEO, on AI, layoffs and punching backDan Schulman, Verizon CEO, on AI, layoffs and punching back
“If somebody’s going to punch me, I’m going to punch back,” Verizon CEO Dan Schulman says in this episode of The CEO Signal. Schulman, who came out of retirement six months ago to lead the $200 billion telecoms company, reveals that he initially turned the job down — twice. But ...