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OPEC extends oil production cut in desperate attempt to boost prices
L. R.
3 June 2024 - 12:27
OPEC announced a further extension to its year-long oil production cut as global crude prices remain staunchly stable.
China creates $47.5 billion chip fund striving for self-sufficiency
Money.it
31 May 2024 - 13:00
Beijing has created the largest investment fund dedicated to semiconductors. Big Fund III will be able to count on capital of 47.5 billion dollars.
Saudi Arabia sells off Saudi Aramco shares to finance NEOM project
L. R.
31 May 2024 - 11:00
Saudi Arabia continues with its plan to transition away from a fossil fuel-based economy, selling billions of Saudi Aramco shares.
U.S. Economy Might Be Cooling Faster Than Previously Thought
James Hydzik
31 May 2024 - 00:14
Adjustments to estimates made earlier in the year show that the U.S. economy is indeed slowing closer to expectations that were previously held.
Skydance ups offer on Paramount merger despite Sony’s $26 billion proposal
L. R.
30 May 2024 - 22:53
David Ellison’s Skydance Media doesn’t want to give negotiations up with Paramount Global despite Sony’s $26 billion rival deal.
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