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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

Bayer to cut more than 200 employees in German crop protection products segment 05/13/2025

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Economics

Saudi Aramco raises May oil prices for European and U.S. customers

Saudi Arabia's state-owned oil and gas company raised May selling prices for oil to customers in Europe and the United States. The report notes that Saudi Aramco has set the official selling price of Arab Light oil for May for Europe at three dollars higher than in April, the premium to Brent grade...

Starbucks shares lose 5% after buyback

Starbucks' founder, Howard Schultz, has stated that the company's share repurchase program, which began last year, will be suspended. Following Kevin Johnson's resignation, Mr. Schultz has been appointed as the company's interim CEO. Mr. Schultz announced the repurchase program's suspension right...

Almost 50% Of Crypto Owners Purchased Digital Assets For The First Time In 2021, Shows A New Survey

According to a new survey by U.S. cryptocurrency exchange Gemini, nearly half of all owners of cryptocurrency in the United States, Latin America, and Asia Pacific purchased the digital assets for the first time in 2021. The survey, which polled nearly 30,000 people in 20 countries...

Climate Change Might Cost The US Economy $2 Trillion Each Year By The End Of The Century: White House

Climate change-related floods, fires, and droughts could eat into the US government budget by the end of the century, according to the White House, which released its first-ever study on Sunday. President Joe Biden charged the Office of Management and Fiscal with assessing the budget...

The EU Is Planning To Tighten Regulations On Cryptocurrency Transfers

On Thursday, European Union lawmakers are expected to support stronger safeguards for bitcoin and other cryptocurrency payments, the latest hint that regulators are tightening their grip on the free-wheeling industry. Two European Parliament committees have hammered out cross-party...

EU Antitrust Regulators Now Target Cloud Business Of Microsoft

EU antitrust investigators of the European Union are talking to Microsoft's competitors and customers about the cloud business and licencing relationships of the American tech giant, a step that may lead to a formal probe and renewed scrutiny of the US software giant. In...

Agriculture Supplies May Be Confined To 'Friendly' Countries, Warns A Putin Ally

Since the start of Russian invasion of Ukraine, experts have been raising concerns of shortage of essential food in many of the poorer countries. In the wake of Western sanctions imposed on Russia over the Ukraine conflict, one of President Vladimir Putin's friends warned on Friday that...

50% Of American Companies To Slash Revenue Forecasts Due To Shanghai Cvodi-19 Curbs

According to a poll released on Friday by the American Chamber of Commerce in Shanghai, more than half of US multinational corporations in China have decreased their year sales estimates, owing mostly to the recent COVID-19 epidemic in Shanghai. 82 per cent of manufacturers reported slower...

S&P downgrades global economic growth forecast - 2022

S&P Global Ratings, an international rating agency, has lowered its projection for global GDP growth for the current year to 3.6 percent from 4.2 percent previously predicted, citing recent developments in the international arena. In a news statement, the agency states, "We are projecting a 60...

OPEC+ explains volatility in the oil market

The effect of geopolitical issues was used by OPEC+ to explain oil market volatility. According to the communiqué of the alliance members' meeting, OPEC+ believes that the oil market is presently balanced, and that the current volatility is caused by geopolitics rather than fundamental issues. At...