Business
EU seeking to target US Big Tech without angering Trump FT
Brussels is reportedly considering a broader corporate tax to avoid singling out Apple, Meta, and Google The European Union is exploring ways to raise taxes on US tech giants such as Apple, Meta, and Google without provoking retaliation from Washington, the Financial Times has reported. The discussions come as Brussels seeks to avoid a new trade confrontation with US President Donald Trump while raising revenue ami...
Read More Thu, 08 Oct 2026 01:31:46
West has ‘drained- all available oil inventories Vitol CEO
Crude stocks have been burned through as the energy crunch spreads to global shipping, Russell Hardy has said Western countries have exhausted the oil inventories available to offset supply disruptions from the US-Israeli war with Iran, leaving the market increasingly exposed to further shocks, Vitol CEO Russell Hardy has said. The energy crunch has now spread from crude and refined fuels to global shipping. Speak...
Read More Wed, 07 Oct 2026 13:53:57
The new sick man of Europe: Could France trigger a new sovereign debt crisis?
French bond yields are surging as the country’s political deadlock over its debt shows no sign of abating The euro has plummeted to a 17-month low against the dollar as investors punish the single currency, largely over France’s intractable debt problem. Once relegated to the Eurozone’s periphery, sovereign debt risk has progressively moved toward the center of the monetary union, now reaching France,...
Read More Wed, 07 Oct 2026 10:51:55
Putin clears UniCredit sale in Russia
The Italian lender has faced pressure from European regulators to scale back its operations in the country Russian President Vladimir Putin has cleared Italy’s UniCredit to restructure its Russian operations, paving the way for the banking giant to sell its business in the country. UniCredit has operated in Russia since 1989 and is listed by the central bank as one of the country’s 13 key credit institu...
Read More Tue, 06 Oct 2026 17:15:21
Russian businessman accuses Biden of stealing his money
Moscow has opened a criminal case over the seizure of Konstantin Malofeev’s US assets and the transfer of some of the funds to Ukraine Russian businessman Konstantin Malofeev has accused former US President Joe Biden’s administration of stealing his money and using some of it to support Ukraine’s armed forces. Russia’s Investigative Committee opened a criminal case on Friday at Malofeev’s ...
Read More Fri, 02 Oct 2026 19:11:00
Europe agrees to ‘immediately- release ‘massive- diesel stocks Trump
The announcement follows Washington’s pressure on France and Germany as fuel prices have climbed to record highs European countries have agreed to release large amounts of diesel from their strategic reserves as fuel prices hover near record highs, US President Donald Trump has said. Diesel prices have surged amid a global supply crunch driven by the US-Israeli war on Iran, which has severely disrupted shipping t...
Read More Fri, 02 Oct 2026 15:38:11
The West tried to rein in Russian oil. What went wrong?
Sanctions aimed at squeezing Moscow’s revenues have instead helped drive up prices, making Russian crude more valuable Nearly four years after Western governments set out to squeeze Russia’s oil revenues, Moscow is shipping crude worth more per week than at any point since the escalation of the Ukraine conflict in 2022. The gross value of Russia’s seaborne crude exports surged to $2.75 billion in the ...
Read More Wed, 30 Sep 2026 21:33:18
Russia posts highest crude export earnings since 2022 Bloomberg
Seaborne crude generated $2.75 billion in a week as higher prices and shipments lifted revenues, the outlet has said Russia’s earnings from seaborne crude exports have surged to their highest weekly level since the escalation of the Ukraine conflict in 2022, Bloomberg has reported. Rising oil prices and stronger shipment volumes have boosted Moscow’s revenues despite Western sanctions. The gross value ...
Read More Wed, 30 Sep 2026 10:35:25
US strategic oil reserve plunges to 44-year low
The stockpile has shrunk by nearly a third since Washington began releasing crude in March due to the Middle East supply crisis The US emergency oil stockpile has plunged to its lowest level in nearly 44 years as the US-Israeli war on Iran continues to squeeze global supplies and disrupt shipping through the Strait of Hormuz, according to Department of Energy data. The Strategic Petroleum Reserve (SPR) has shrunk...
Read More Tue, 29 Sep 2026 11:56:50
Trump ‘very seriously- mulling diesel export ban
A US cutoff could hit Europe hard as Russian and Middle Eastern supplies remain disrupted The White House is still very seriously considering a diesel export ban, US President Donald Trump has said, as fuel prices soar ahead of the November midterm elections. Shipments being cut from the world’s largest exporter could deepen a global shortage and leave import-dependent Europe scrambling for supplies. ...
Read More Mon, 28 Sep 2026 14:40:46
AI giants probing tens of thousands of security incidents Axios
The incidents at OpenAI and Anthropic reportedly include bypassing safeguards, hijacking websites, and evading monitors in testing and real-world settings Global AI giants OpenAI and Anthropic, along with security researchers, are investigating tens of thousands of incidents in which their frontier models took actions that outside experts consider problematic, Axios reported on Saturday, citing unnamed sources. The...
Read More Sun, 27 Sep 2026 15:13:47
Ukraine-s biggest steelmaker halts production
Russian strikes have reportedly brought production at the country’s three largest plants to a halt Ukraine’s largest steel producer, ArcelorMittal Krivoy Rog, has halted production after repeated Russian missile strikes caused extensive damage to the plant, the company announced on Friday. The Russian Defense Ministry has said that Moscow is targeting Ukrainian military and defense-related facilities and s...
Read More Sat, 26 Sep 2026 15:50:51
EU faces worst energy crisis since 2022 Brussels
The bloc’c energy chief sounded the alarm as European gas prices nearly tripled from this year’s lows The EU could face its worst winter since the 2022 energy crisis, Energy Commissioner Dan Jorgensen has warned, as the bloc grapples with soaring prices and uncertainty over fuel supplies. European natural gas prices have nearly tripled this year, surging from around €27 ($31) in January to more than €...
Read More Sat, 26 Sep 2026 01:50:15
EU sounds alarm over Trump diesel ban threat
The bloc has already been grappling with tight supplies, with Ukrainian strikes on Russian refineries adding to the pressure A US ban on diesel exports could squeeze the EU’s energy market, which is already strained by reduced Russian supplies due to sanctions and disruptions in flows from the Middle East, officials in Brussels have warned. European Commission spokesman Olof Gill told Politico on Thursday tha...
Read More Fri, 25 Sep 2026 00:32:04
German chemicals giant reveals details of downsizing
Evonik plans site closures and thousands of job cuts amid industry-wide structural crisis German chemicals giant Evonik is overhauling its domestic operations amid what it has described as a structural and economic crisis in the industry. The German and wider European chemical sector has been hit by plant closures, job losses and high energy costs following the loss of cheap Russian supplies; the US-Israeli war wit...
Read More Wed, 23 Sep 2026 14:28:40
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