By Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW (Reuters) -OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks to punish some fellow members for producing above quotas. OPEC+ shocked oil markets…
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By Helen Reid LONDON (Reuters) -Online fast-fashion retailer Shein has dropped Brunswick and FGS, two communications firms that were supporting its push for a London initial public offering (IPO), a source familiar with the matter confirmed on Friday, in the latest sign the flotation is not going to plan. Steep tariffs on Chinese goods imposed…
(Reuters) -Bunge Global’s $34 billion merger with Glencore-backed Viterra is being stalled by trade tensions between the United States and China, Bloomberg News reported on Friday, citing people familiar with the matter. “We are in the final stage of regulatory approval. We express our continued gratitude for the constructive dialogue with Chinese government officials throughout…
By Joey Roulette WASHINGTON (Reuters) – U.S. President Donald Trump’s administration is seeking to axe key parts of NASA’s moon program in favor of commercial alternatives and his Mars-focused agenda, targeting an array of established projects in a proposed $6 billion cut to the space agency’s overall budget for next year. The “skinny” – or…
(This story has been corrected to fix the NIH budget cut from two-thirds to 40%, in paragraph 4) By Ahmed Aboulenein WASHINGTON (Reuters) -The White House wants to reduce U.S. health spending by more than a quarter next year, with the National Institutes of Health and Centers for Disease Control and Prevention facing the brunt…
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(Reuters) -Microsoft is getting ready to host Elon Musk’s Grok AI model, The Verge reported on Thursday citing a source familiar with the plans. The tech giant has been in discussions with Musk’s AI startup xAI in recent weeks to host the Grok model and make it available to customers, as well as Microsoft’s own product…
By Allison Lampert and Rajesh Kumar Singh (Reuters) -A plan by JetBlue Airways to sign a domestic partnership with another airline faces opposition from its pilot union, which has warned the move could “fundamentally reshape” the U.S. carrier and impact the future of its workers. The head of JetBlue’s pilot union told members on Wednesday…
HOUSTON (Reuters) -A vessel chartered by Chevron carrying some 300,000 barrels of Venezuelan oil was set to start discharging at a Venezuelan port on Thursday, according to shipping data and a source. It would be the last tanker to return its cargo following state company PDVSA’s order to return the crude amid payment uncertainty related…
