BUSINESS

Several Countries Extend Oil Cuts To Boost Prices

Russia's invasion of Ukraine in 2022 sent oil prices soaring to $140
Moscow, Riyadh and several other OPEC+ members on Sunday announced extensions to oil production cuts first announced in 2023 as part of an agreement among oil producers to boost prices following economic uncertainty.
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Kyiv has long been clamouring for Germany to provide it with Taurus missiles, which can reach targets up to 500 kilometres (about 300 miles) away

German Army Probes Possible Wiretap Of Ukraine War Talks

The German defence ministry said Saturday it was checking whether a confidential videoconference on the Ukraine war had been wiretapped after a recording was posted on Russian social media, in a potentially huge embarrassment for Berlin.
Eurozone inflation

Eurozone Inflation Dips Further In February

Eurozone inflation continued to ease in February, data showed Friday, but economists warned it was unlikely to push the European Central Bank to cut interest rates next month.
Biden and Meloni, seen here at the G20 in India in September, have become close allies despite political differences

Biden Hosts Italy's Meloni As Ukraine Fears Mount

President Joe Biden hosts Italian Prime Minister Giorgia Meloni at the White House Friday, for talks dominated by worries about the future of US military support for Ukraine and the conflict in Gaza.
Mourners gather in Moscow for Alexei Navalny's funeral

'The Person Who You Mentioned': How Navalny Haunted Putin

Vladimir Putin never referred to Alexei Navalny by name yet the Russian leader's most significant domestic political opponent succeeded in haunting the Kremlin chief, though it remains to be seen how his influence will endure after his death.
Wall Street rose on AI optimism Thursday after the release of the personal consumption expenditures (PCE) price index offered traders some relief

Asian Markets Mostly Up After US Gains

Asian markets were largely higher on Friday following Wall Street gains driven by tech rallies and key US inflation data that met investors' expectations.
Jensen Huang, cofounder and CEO of Nvidia, waves as he arrives for a media roundtable in Kuala Lumpur on December 8, 2023

Riding High On AI, Nvidia Is No Bubble, Says Wall Street

The emergence of AI bots like OpenAI's ChatGPT and Google's Bard has fueled a massive rise in share prices of chip-making juggernaut Nvidia, with its skyrocketing stock now making it the world's fourth biggest company by market capitalization.
Oprah Winfrey was a public face of WeightWatchers

Oprah's WeightWatchers Exit Sends Stock Tumbling

Oprah Winfrey's announcement that she is leaving the board of WeightWatchers sent the company's shares tumbling Thursday -- the latest sign of trouble for the brand as it struggles to compete with new weight-loss drugs.

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