OPEC+ will raise oil output by 188,000 barrels per day in June, slightly below last month’s 206,000 bpd increase. The decision comes at its first meeting since the United Arab Emirates exited the group. Meanwhile, Middle East oil exports remain heavily restricted due to the ongoing Iran conflict. OPEC+ stated on Sunday that, in its […]
Category: Business
JPMorgan Executive Lorna Hajdini Rejects ‘Sex Slave’ Allegations, Calls Them ‘Fabricated
Ex-JPMorgan Employee Makes Serious Allegations; Bank and Executive Deny Claims After Internal Probe Lorna Hadzidine has vehemently denied allegations leveled against her this week in a high-profile lawsuit filed by a former JPMorgan colleague. She stated that she never engaged in any inappropriate conduct and, in fact, never even visited the location where the alleged […]
The Saudi-Pakistan Mining Behind UAE’s Exit From OPEC
The UAE has also been displeased with Pakistan, partly because of its deepening ties with Saudi Arabia, but also because of what it sees as Islamabad’s limited role as a mediator between the US and Iran. Dubai:The United Arab Emirates’ decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC)—after nearly 60 years […]
Netflix co-founder Reed Hastings steps down from the streaming giant
Company says chair’s choice to step down from re-election bid was made voluntarily and not due to any dispute, according to its filing Netflix Chairman Reed Hastings is stepping down from the streaming service he co-founded nearly 30 years ago, as the company regains its footing following the loss of a $72bn (£53bn) deal to […]
Oil prices rise as doubts over US-Iran talks persist, keeping concerns about continued Strait of Hormuz disruptions
Talks between United States and Iran have reduced their goals for reaching a full-scale peace agreement, according to Iranian sources cited by Reuters. Meanwhile, Donald Trump said that leaders from Israel and Lebanon had agreed to initiate a 10-day ceasefire starting Thursday. Oil prices rose on Thursday as the market grappled with the question of […]
US has announced a 1% tariff reduction for Bangladesh, with no reciprocal duties applied on certain goods
Trump had first proposed a 37% tariff on goods from Bangladesh as part of broader trade measures affecting several economies. In August, he later lowered the duty on Bangladeshi products to 20%. The United States and Bangladesh reached a deal on Monday that will reduce US tariffs on goods from the world’s second-largest garment manufacturer. […]
India and United States agree to reduce tariffs to 18%, targeting $500 billion in bilateral trade
Under the revised framework, tariffs imposed by the US on Indian products have been reduced to 18%, paving the way for an expanded Bilateral Trade Agreement (BTA) and enhanced collaboration across strategic sectors. The United States and India have finalized an interim trade agreement that will reduce US tariffs on Indian goods to 18 percent. […]
SpaceX Acquires Musk’s AI Venture xAI in $1.25 Trillion Deal, Eyes Data Centers in Space
Elon Musk’s SpaceX has acquired the AI startup xAI in a landmark $1.25 trillion transaction, signaling Musk’s ambitious move toward developing data centers in space. SpaceX has acquired Elon Musk’s artificial intelligence startup xAI, making it the world’s most valuable private company, the spaceflight firm said on Monday. In a note posted on SpaceX’s website, […]
Norway Supports India–EU ‘Mother of All Deals’, Pushes Free Trade Over Barriers
Norway’s Ambassador to India, May-Elin Stener, said the upcoming India-EU free trade agreement would mark a historic step and boost momentum in India’s trade relations with Norway and the wider European region. India and the European Union are nearing the signing of an agreement that Brussels has described as the “mother of all trade agreements,” […]
European stock markets slip slightly, while Ericsson shares jump 11% following a stronger-than-expected fourth-quarter profit
European stocks closed lower on Friday as investors reacted to developments from Davos, notably Ukrainian President Volodymyr Zelenskyy’s sharply critical address toward Europe. At 9:10 a.m. in London (4:10 a.m. ET), the pan-European STOXX 600, along with major stocks, was down 0.09%. European stocks rallied on Thursday after U.S. President Donald Trump said a “framework” […]