15:44
2 mins read
Democrats Pour Millions Into Ad Buys in Iowa, Ohio Senate Races
The top Senate Democratic super political action committee is shifting millions in ad money from North Carolina to Ohio and Iowa, a sign of the shifting battlef...
15:43
2 mins read
Dangote Refinery to Extend IPO by Two Weeks to Add More Nations
Aliko Dangote plans to extend the deadline for applications for the initial public offering in his Nigerian refinery by two weeks as Africa’s richest man seeks...
15:34
1 min read
Delta Delays Nonstop Service to Saudi Arabia Amid Conflict
Delta Air Lines Inc. said it plans to delay the launch of its nonstop service between Atlanta and Saudi Arabia until next year due to drone and cruise missile a...
15:14
2 mins read
Tesla Chart Watchers Eye $400-Mark as Key Level for Breakout
A late summer bounce in Tesla Inc. shares contrasts with bearish indicators, leaving the market with questions about which direction the electric vehicle maker’...
15:08
1 min read
DLA Piper Hires Latham Trio to Expand New Private Credit Group
DLA Piper is hiring three senior lawyers from Latham & Watkins to join its growing capital solutions business as it continues an aggressive push into the privat...
14:58
1 min read
Flávio Bolsonaro Authorized to Visit Father by Court Before Vote
Brazil Supreme Court Justice Alexandre de Moraes has authorized Senator Flávio Bolsonaro to visit his father and former President Jair Bolsonaro who’s under hou...
14:47
1 min read
Starbucks Says It’s Not Buying Chipotle, Dousing Deal Rumors
Starbucks Corp. said it’s not buying Chipotle Mexican Grill Inc, seeking to tamp down speculation about what could have been one of the restaurant sector’s larg...
14:33
2 mins read
Stellantis CEO Dismisses Idea of Separating European, US Brands
Stellantis NV Chief Executive Officer Antonio Filosa rejected the notion of separating the group’s European and US brands, saying the company’s strategy is base...
14:05
1 min read
SoftBank-Backed OPay Eyes Up to $500 Million in New York Listing
SoftBank Group Corp.-backed OPay Digital Services Ltd. plans to raise about $500 million with its private placement and an initial public offering in New York,...
14:00
2 mins read
Gramercy-Backed Firm Fends Off Ouster From $36 Billion Lawsuit
A Gramercy Funds Management-backed law firm was unlawfully fired from a $36 billion lawsuit that has seen two private credit investors clash over who will repre...
13:14
1 min read
Tesla Faces US Probe Over Claim of Robotaxis Speeding in School Zones
Tesla Inc. is facing scrutiny from US auto-safety regulators over whether its driverless taxis exceed posted speed limits near schools, a new hurdle for the aut...
13:05
3 mins read
Saudis Plan More Oil Pipe Capacity for Export Resilience
Saudi Arabia is planning to ramp up pipeline capacity by 40% to avoid the Strait of Hormuz, after the kingdom leaned heavily on an existing cross-country condui...
12:18
2 mins read
BYD Plans Hiring Spree to Bolster European Workforce to 40,000
BYD Co. said it’s planning to go on a hiring spree in Europe and increase its workforce there to about 40,000 people by the end of the decade as the Chinese aut...
12:07
3 mins read
EU Deal Hastens Need for BYD, Chery to Build Chinese Cars in Europe
Chinese automakers led by BYD Co. will show off a wealth of new plug-in hybrid models at the Paris car show this week, underscoring how entrenched they’ve becom...
11:43
2 mins read
Credit Agricole Weighs Hedging Risky Debt in Car Dealer SRT
Credit Agricole SA is considering offloading credit risk linked to lending to European car dealerships grappling with cost pressures and the transition to elect...
10:54
2 mins read
Morgan Stanley Traders Pitch Travelodge’s Unloved Bonds as a Buy
Morgan Stanley’s credit traders are recommending investors buy bonds issued by Travelodge Hotels Ltd. after a steep drop in the UK budget hotel chain’s debt thi...
10:54
2 mins read
Saudi Eyes 10 Million Barrels a Day of Oil Pipe Capacity
Saudi Arabia is looking at ways to expand its oil pipeline capacity to destinations outside the Persian Gulf to 10 million barrels a day within two to three yea...
09:43
1 min read
Zelenskyy Says Strikes to Continue If Putin Rejects Energy Truce
Ukraine will continue to respond with long-range strikes against Russia unless Moscow agrees to an energy ceasefire that still hasn’t happened, President Volody...
08:26
4 mins read
Blackouts Hit Indian Factories as Coal Crunch Feeds Into Economy
Indian factories, smelters and households are being hit by blackouts and rising energy costs as the impact of plunging coal stockpiles at the country’s power st...
06:27
1 min read
Jetstar Plane Nearly Collides With Van at Australian Airport
Australian authorities are investigating a near miss between an incoming Jetstar flight and a van at Townsville Airport in the state of Queensland last week, ad...
04:23
1 min read
Japan Urges Oil Stockpiling, Development as Mideast Risks Rise
Japanese Trade Minister Ryosei Akazawa called for stronger cooperation between oil-producing and consuming countries as well as greater oil stockpiling and infr...
00:00
5 mins read
AI's Water Strain Includes Surging Demand From Electricity Use
It takes a lot of water to generate the power consumed by server farms.
By Todd Woody and Mark Chediak | Updated on Oct 12, 2026 at 11:00 AM
Data center devel...
00:00
4 mins read
Why AI Data Centers Cost Billions to Build
An exclusive breakdown of estimated expenses to construct an AI data center in Texas reveals why developers face billions of dollars in expenses.
By Lynn Doan...
19:09
1 min read
Aaron Sorkin’s ‘Social Reckoning’ Film Tanks on Opening Weekend
Aaron Sorkin’s second Facebook film The Social Reckoning was a disappointment at the box office, taking in just $5.5 million in its opening weekend.
Sorkin wro...
16:52
4 mins read
EU to Cap Chinese Hybrid Car Imports at 350,000 Each Year
The European Union will cap the import of Chinese hybrid vehicles at 350,000 cars per year, with the safeguard measure taking effect as soon as Dec. 1.
The 350...
15:05
1 min read
IEA Urges More Diesel Releases as Global Market Tightens
The International Energy Agency urged members to speed up pledged diesel releases and consider supplying more as global markets tighten.
IEA Executive Director...
14:05
3 mins read
Renault CEO Welcomes EU-China Deal on Hybrids as ‘Milestone’
Renault SA says the European Union reached an initial “major milestone” with its deal to slow the onslaught of hybrid cars from China that will help foster a fu...
01:30
5 mins read
Hedge Funds Snap Up LA Fire Deals as Political Backlash Sputters
Hedge funds are stepping up purchases of legal claims tied to the 2025 Los Angeles wildfires, after political opposition to the deals lost steam.
In some cases...
00:01
4 mins read
Trust in Science Falls as Covid-Era Confidence Fades, Global Survey Finds
The Covid-era surge in public trust in science has largely faded, with the steepest drop among people struggling financially, according to one of the largest gl...
20:14
1 min read
Russia Lifts Ban on Diesel Exports as Part of Trump-Putin Deal
Russia partially lifted its ban on diesel exports, allowing 500,000 metric tons of fuel to reach international markets following an agreement between President...
18:43
2 mins read
Trump Suggests Ukraine Needs a New President, Blasting Zelenskyy
President Donald Trump demanded that Volodymyr Zelenskyy halt attacks on Russian oil refineries and suggested he should consider stepping aside as Ukraine’s pre...
13:50
3 mins read
Isaias Brings Rain, Wind and Leaves Thousands Without Power
Downpours will spread across the US South and Appalachians as Hurricane Isaias’ remnants head north after landing in Florida Friday night, knocking out power to...
11:19
1 min read
China Drafts Rules to Ban Hidden Car Handles, Virtual Controls
China proposed banning fully hidden car-door handles and requiring physical controls for certain safety-critical functions as regulators seek to strengthen over...
10:32
2 mins read
Isaias Leaves Thousands Without Power After Striking Gulf Coast
More than 800,000 customers were without power Saturday as communities across the US Gulf Coast began assessing the damage left by Hurricane Isaias, which broug...
09:24
1 min read
Turkey Bans Social Media Accounts for Children Under 15
Turkey has barred social media platforms from providing services to children under the age of 15, according to a regulation published in the Official Gazette....
03:30
1 min read
Australia Says Doesn’t Need Russian Fuel After Trump Diesel Move
Australia has no need to buy fuel from Russia and said that purchases from there will remain barred so that the country doesn’t benefit from the invasion of Ukr...
00:00
1 min read
Old Downtown Chicago Trading Hub Is Reborn as an AI Data Center
The former headquarters of Cboe Global Markets Inc. will soon house 33 megawatts of capacity and bring in rents much higher than the average Chicago downtown of...
20:28
1 min read
Hurricane Isaias Shuts Almost Three-Quarters of Gulf Oil Output
Hurricane Isaias is lifting US Gulf Coast crude prices, with nearly three-quarters of oil production in the region shut in.
Producers halted about 1.46 million...
19:42
1 min read
Panama Struck by Massive Quake, Sparking Tsunami Warnings
A 7.7 magnitude earthquake struck Panama on Friday, according to the US Geological Survey, sparking warnings about tsunamis off its coast.
The quake occurred i...
18:09
1 min read
Jet Fuel Nears $5 a Gallon in New York, LA on War Disruptions
Jet fuel prices in New York and Los Angeles are climbing back toward $5 a gallon as Ukrainian attacks on Russian refineries and curtailed Middle East shipments...
17:59
1 min read
Boeing, Airbus Win Orders From Chinese-Owned Lessor Avolon
Boeing Co. and Airbus SE both won orders from leasing company Avolon Holdings Ltd., locking in delivery slots as the planemakers’ backlogs swell.
Avolon will b...
17:20
5 mins read
Musk’s Bigger Test After Airwaves Is Building Costly Network
SpaceX is closing in on a crucial swath of spectrum needed to turn Elon Musk’s rocket, satellite and AI company into a “major mobile carrier,” setting the stage...
16:20
1 min read
Bankers Prep €7 Billion Debt for Siemens Energy Unit Stake Sale
Bankers are working on debt financings of up to €7 billion ($7.9 billion) to back a potential sale of Siemens Energy AG’s steam turbines business.
Lenders are...
16:06
3 mins read
Delta Cuts Profit Outlook as Surging Fuel Costs Tighten Grip
Delta Air Lines Inc. reduced its full-year earnings outlook as jet fuel prices remain elevated, signaling mounting pressure on an airline industry whose smaller...
15:00
4 mins read
SpaceX’s $750 Billion Rally Breaks Stock Out of Post-IPO Funk
SpaceX investors are finally getting some reprieve after months of being whipsawed by volatility as the Elon Musk-led company’s stock breaks above the level it’...
14:37
1 min read
Two Ships Hauling US LNG Divert to Europe as Asian Demand Eases
Two tankers hauling liquefied natural gas from the US diverted toward Europe in recent days as Asian demand dipped, signaling temporary relief for the tight glo...
14:17
3 mins read
Hurricane Isaias Reaches Category 3 as It Nears Florida, Alabama
Hurricane Isaias strengthened into a major storm Friday as it barreled toward more than 3 million people along the US Gulf Coast, threatening dangerous flooding...
13:54
1 min read
Slovakia Says US Understands Need to Import Russian Oil and Gas
The US expressed “absolute understanding” of Slovakia’s need to keep importing Russian oil and gas until the end of 2027, Economy Minister Denisa Sakova said....
13:28
2 mins read
Ukraine Says It Attacked Fourth Russian Refinery This Week
Ukraine said it attacked Lukoil PJSC’s Ukhta oil-processing plant, the fourth Russian refinery it’s hit so far this week, amid an intensifying exchange of air s...
12:59
5 mins read
Hiring US-to-China Oil Tanker Costs More Than Launching a Space Rocket
For a sign of just how extraordinary oil shipping costs have become, consider this: It’s now more expensive to hire a tanker from the US to China than to launch...
12:51
2 mins read
EU to Assess Windfall Tax on Energy Firms to Ease Price Blow
The European Commission will analyze the potential impacts of imposing a bloc-wide tax on windfall profits made by energy companies, as governments grapple with...
12:30
4 mins read
How a Billionaire Flipped a Venezuela Oil Field For $500 Million
Colombia’s richest man Jaime Gilinski is poised to turn a Venezuelan oil field contract that cost him almost nothing into a $500 million stake in a Latin Americ...
11:49
4 mins read
Delta Cuts Profit Outlook as Surging Fuel Costs Keep Grip
Delta Air Lines Inc. reduced its full-year earnings outlook as high jet fuel prices stemming from the war in the Middle East continue roiling US airlines, even...
11:23
1 min read
Galp Is Said to Explore Sale of Residential Customer Portfolio
Portuguese oil company Galp Energia SGPS SA is weighing a sale of its residential clients portfolio, according to people with knowledge of the matter.
Galp is...
10:30
4 mins read
Musk’s Bigger Test After Airwave Deal Is Building Costly Network
SpaceX is closing in on a crucial swath of spectrum needed to turn Elon Musk’s rocket, satellite and AI company into a “major mobile carrier,” setting the stage...
10:12
3 mins read
US 7-Eleven IPO Timing Depends on Turnaround, Market, CEO Says
The timing of an initial public offering for Seven & i Holdings Co.’s US convenience stores will depend on turnaround progress as well as market conditions, Chi...
10:02
2 mins read
PepsiCo Is Raising €1 Billion a Day After Cutting Profit Outlook
PepsiCo Inc. entered Europe’s public bond market on Friday with a €1 billion ($1.12 billion) two-part deal, a day after cutting its profit outlook on mounting c...
08:30
1 min read
Petronas Boosts Malaysia Dividends Further as Oil Prices Surge
Petroliam Nasional Bhd. is set to increase its dividend payout to the Malaysian government by 19% next year as higher energy prices boost profitability.
Petron...
08:01
6 mins read
Musk’s India Romance Ends in Acrimony as Starlink, Tesla Stall
Elon Musk’s extraordinary swipes at Indian billionaires this week mark a sharp turn in a relationship that once promised to make the world’s most populous natio...
02:54
2 mins read
Maextro Pledges Brake Redesign as Stock Drops on Test Report
Anhui Jianghuai Automobile Group Corp. extended its slump after three vehicles from its flagship luxury brand were depicted in a media test with broken brake-pe...
00:00
1 min read
Old Downtown Chicago Trading Hub Becomes New AI Data Center
The former headquarters of Cboe Global Markets Inc. will soon house 33 megawatts of capacity and bring in rents much higher than the average Chicago downtown of...
00:00
11 mins read
China’s AI Race Against the US Hinges on Harnessing its Green Energy Advantage
Beijing built out solar and wind generation at a colossal scale. Now it needs to harness that green power to win the AI race.
By Dan Murtaugh and Jin Wu | Upda...
00:00
11 mins read
China's AI Dominance Hinges on Harnessing Its Energy Advantage
Beijing built out solar and wind generation at a colossal scale. Now it needs to harness that green power to win the AI race.
By Dan Murtaugh and Jin Wu | Upda...
22:30
2 mins read
First Nation files legal challenge to Canadian pipeline project
A First Nation in northeastern Alberta is challenging the Canadian government’s decision to speed the regulatory approvals for a new west coast oil pipeline.
T...
21:36
1 min read
Kinder Morgan Lifts Force Majeure on US-Mexico Gas Pipeline
Kinder Morgan Inc. is restoring natural gas shipments on its Tennessee Gas Pipeline Co. to Mexico after making repairs that triggered a force majeure earlier th...
21:12
2 mins read
Chipotle Jumps on Report Starbucks Has Explored Takeover
Chipotle Mexican Grill Inc. shares jumped after the Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover propos...
21:06
1 min read
NYC’s Planned Harlem Crosstown Subway Gets Environmental Review
New York’s Metropolitan Transportation Authority is starting an environmental review of a proposed crosstown subway line along Harlem’s 125th Street that could...
19:43
2 mins read
NFL Asks Supreme Court to Let States Regulate Event Markets
The National Football League urged the US Supreme Court to allow state regulation of prediction markets in a stance putting it at odds with the Trump administra...
19:32
1 min read
Isaias Puts 500,000 Barrels a Day of Refining Capacity at Risk
Nearly 500,000 barrels a day of oil-refining capacity sit in the projected path of Hurricane Isaias, raising the risk that a US fuel market with no supplies to...
19:21
2 mins read
Disney Pitches Paramount, Universal on Imax Big-Screen Rival
Walt Disney Co. has held talks with other studios about using its new brand for large-screen movie formats, often described as a competitor to Imax Corp., to ma...
19:12
1 min read
Gap Plans to Use Athleta Leader Exit to Rebuild Slumping Brand
Gap Inc. sees the loss of its top executive at the struggling Athleta brand as an opportunity to “reimagine the brand’s path forward.”
Maggie Gauger, who led A...
18:24
1 min read
Oryx Energies Sold for About $1 Billion in Management Buyout
Oryx Energies SA, an Africa-focused trader, was sold for around $1 billion in a management buyout, according to a source familiar with the deal.
Oryx Chief Exe...
18:20
4 mins read
Hedge Funds That Nailed Brazil Vote Bet on More Gains Ahead
Brazilian hedge-fund managers who won big by positioning for a strong showing by right-wing candidate Flávio Bolsonaro in the first round of the presidential el...
18:09
1 min read
PG&E Warns of Possible Weekend Power Shutoffs Amid Windy Weather
PG&E Corp. is warning that it may shut off power to some customers in northern California this weekend as dry winds elevate the risk of wildfires.
California’s...
17:50
1 min read
NFL Asks Supreme Court to Let States Regulate Prediction Markets
The National Football League urged the US Supreme Court to allow state regulation of prediction markets in a stance putting it at odds with the Trump administra...
17:47
1 min read
Carlyle Says Deal to Buy Lukoil International Assets Has Expired
US private equity giant Carlyle Group said its agreement to buy most of Lukoil PJSC foreign assets has terminated.
The agreement reached at the start of the ye...
17:43
2 mins read
JetBlue Bonds Fall Deeper Into Distress as Short-Sellers Pile In
JetBlue Airways Corp. debt fell to the lowest levels since it was issued more than two years ago, as the struggling airline burns through cash while short selle...
17:35
2 mins read
Maextro Pledges Brake Redesign After Stock Slides on Test Report
Anhui Jianghuai Automobile Group Corp Ltd. shares fell by the daily limit in Shanghai after three vehicles from its flagship luxury brand were depicted in a med...
16:42
2 mins read
SpaceX Crew Capsule Splashes Down in Pacific After ISS Stay
A SpaceX capsule carrying four astronauts returned from space and splashed down off the coast of California on Thursday, capping the crew’s mission to the Inter...
16:08
3 mins read
PepsiCo Seeks to Bolster Soda Business, Speed Snack Recovery
PepsiCo Inc. sounded the alarm over its North American soda business — a fresh concern for a company that’s also working to turn around its snack sales.
The ma...
16:00
1 min read
US Lost 24,000 Hospital Beds as Rural, Urban Locations Shuttered
The US hospital system has lost more than 24,000 beds in the last 15 years as rural and urban facilities closed at the same rate, according to a new study from...
15:31
2 mins read
American Airlines to Expand Starlink Wi-Fi Across Entire Fleet
American Airlines Group Inc. plans to extend Elon Musk’s Starlink satellite internet service to more than 1,000 mainline aircraft, as US carriers compete to off...
14:21
1 min read
Airlines Cancel Flights to Riyadh After Houthi Attack on Airport
Airlines are canceling flights to Riyadh after the Houthis struck two airports in Saudi Arabia in recent days, killing three people and injuring dozens.
Singap...
14:17
2 mins read
Spotify Renews Lucrative Multiyear Joe Rogan Podcast Deal
Spotify Technology SA has renewed a multiyear licensing agreement with Joe Rogan, the world’s most popular podcaster.
“The partnership with Spotify has been an...
13:53
2 mins read
Devon to Sell Shale Oil Assets to Crescent for $4.2 Billion
Devon Energy Corp. agreed to sell its drilling portfolio in the Eagle Ford shale basin of South Texas to Crescent Energy Co., an oil producer backed by KKR & Co...
13:30
3 mins read
Defense Startup Raises $30 Million to Launch ‘Bodyguards in Space’
Fortastra, a Southern California-based startup led by a former SpaceX engineer, has closed a $30 million fundraising round to provide “bodyguards in space” that...
12:37
2 mins read
Saudi, UAE Join Japan-Led Push to Bolster Asian Oil Buffers
Saudi Arabia and the United Arab Emirates will support a Japanese initiative to bolster oil supplies in Southeast Asia after war-driven disruptions heightened c...
12:34
2 mins read
PepsiCo Lowers Guidance on Mounting Costs in North America
PepsiCo Inc. lowered its profit outlook, with the snacks and beverage company’s recovery in North America taking longer than expected.
The maker of Doritos, La...
12:25
2 mins read
Ryanair, Lufthansa Say Tough Pilot Checks Still Leave Risks
European airlines and regulators can only do so much to deter cockpit attacks like the one during a recent FlyDubai flight, and the aviation industry must accep...
11:56
2 mins read
French Power Prices Exceed €100 for First Time Since 2023
French year-ahead power prices rose above €100 a megawatt-hour as renewed risks of US strikes on Iran pushed broader energy markets higher.
French year-ahead p...
11:33
2 mins read
Ryanair, Lufthansa CEOs Say Tough Pilot Checks Still Leave Risks
European airlines and regulators can only do so much to deter cockpit attacks like the one during a recent FlyDubai flight, and the aviation industry must accep...
11:13
2 mins read
Hungary Plans Energy Overhaul to Cut Europe’s Highest Power Cost
Hungary is working on a major overhaul of its energy industry to drastically reduce electricity costs that are currently some of the highest in Europe.
The pla...
10:34
1 min read
India Top Court Seeks Panel to Review Unethical Drug Promotions
India’s Supreme Court has directed the federal government to form a panel to examine whether drugmakers should be governed by rules to curb unethical marketing...
10:00
2 mins read
Vitol Among Investors Backing Flexible Power for Data Centers
A group of investors including global commodity trader Vitol SA is placing a nearly quarter billion dollar bet on a power technology company that scales shifts...
09:24
2 mins read
Levi Growth Slows After Marketing Baggy Jeans Over Low-Rise
Levi Strauss & Co. posted the slowest growth in its direct-to-consumer channels since late 2022 — in part due to a marketing misstep — while raising its full-ye...
08:50
1 min read
EasyJet Sees Apollo Takeover on Track for Completion Next Year
Apollo Global Management Inc.’s deal to acquire EasyJet Plc for £5.7 billion ($7.5 billion) is on track for completion early next year, the airline’s chief exec...
08:09
2 mins read
Tesco Says Demand for Quick Deliveries Offset Cost Pressure
Tesco Plc shrugged off mounting operating costs in its fiscal first half, getting a boost from online sales including same-day deliveries.
The supermarket chai...
06:55
2 mins read
Tanker Attacked Deep in Persian Gulf for First Time in Weeks
A tanker was struck by projectiles off the coast of Qatar on Wednesday, according to a unit of the UK Navy, marking a rare attack deep inside the Persian Gulf....
05:42
3 mins read
Musk Attacks Indian ‘Oligarchs’ for Locking Out Starlink
Elon Musk accused unnamed rivals of blocking SpaceX’s Starlink satellite broadband network in India, an apparent swipe at billionaires Mukesh Ambani and Sunil B...
00:07
1 min read
Blue Origin IPO Makes Sense Within Next Few Years, Bezos Says
Blue Origin LLC is likely to pursue an initial public offering within the next several years, after raising billions of dollars in its first outside funding rou...
22:52
1 min read
Duke Reaches Deal to Shield Customers from Data Center Costs
Duke Energy Corp. reached a deal with several of the world’s largest tech companies that it said would protect customers in North Carolina from some data center...
22:00
3 mins read
Anime Is Winning Over a New Generation of Fans
Anime is taking up more entertainment time among Gen Z and teenage fans globally, stoking a broader cultural appetite for related merchandise, games and manga....
20:44
3 mins read
Brazil Auto Jobs Imperiled by Chinese Imports, Stellantis Says
Leia em português
Brazil’s rising imports of vehicles partially assembled in China could eventually put thousands of auto-industry jobs at risk in the South Am...
19:59
1 min read
EPA Readies Bid to Ease Methane Controls for Oil, Gas Companies
The US Environmental Protection Agency said Wednesday it is readying a proposal to loosen federal rules designed to cut methane releases from oil and gas operat...
19:53
2 mins read
LIV Golf Loses Jon Rahm in Blow to League’s Bankruptcy-Exit Plan
Lea en español
LIV Golf’s top-ranked professional, Jon Rahm , is quitting the bankrupt golf tour and views its proposal to give players a majority ownership st...
19:51
2 mins read
Musk Attacks Unnamed Indian ‘Oligarchs’ for Locking Out Starlink
Elon Musk accused unnamed rivals of blocking SpaceX’s Starlink satellite broadband network in India, an apparent swipe at billionaires Mukesh Ambani and Sunil B...
19:33
4 mins read
SpaceX Credit-Risk Gauge Hits Fresh High on Fundraising Reports
A measure of SpaceX’s credit risk surged to a fresh high and the company’s bonds weakened in the secondary market on Wednesday, following reports the company is...
18:59
4 mins read
Russia Plague-Lab Worker’s Death Spurs WHO Transparency Push
The World Health Organization is pressing Russia for more information on the death of a worker in a plague lab, saying that what’s been disclosed so far makes i...
18:39
2 mins read
SEC Warns Activist Investors After Climate Push at Exxon Mobil
The US Securities and Exchange Commission warned asset managers and activist investors about their reporting obligations following a shareholder campaign in 202...
18:19
3 mins read
Global Risk From Russia’s Mystery Infection Unclear, WHO Says
The World Health Organization is pressing Russia for more information on the death of a worker in a plague lab, saying that what’s been disclosed so far makes i...
17:54
3 mins read
Deutsche Bank’s ‘Project Casablanca’ Seals AMC’s Big Debt Revamp
What started with a lawsuit between the world’s largest owner of cinemas and a spurned creditor, turned out to be a key relationship for the company’s financial...
17:00
1 min read
Tracking Isaias’s Latest Path
For the full experience visit: Tracking Isaias’s Latest Path
·
Tropical Storm Isaias is expected to strengthen into a Category 2 hurricane in the coming da...
16:59
1 min read
Oil Shipping Costs Reach Dizzying New Highs on Hormuz Snarls
The price of hiring supertankers to transport oil surged to a fresh high, adding huge costs to the petroleum supply chain.
It now costs $77 million to hire a v...
16:53
3 mins read
Isaias Poses Risk to US Energy Output at Category 2 Strength
The first Atlantic hurricane of the season is forecast to reach the US Gulf Coast Friday, threatening damaging winds, flooding and potential disruptions to ener...
16:42
2 mins read
Syria Eyes Doubling Oil Output in a Year as Investors Return
State-owned Syrian Petroleum Co. plans to more than double crude production in a year and ramp up oil refining as foreign operators return, according to Chief E...
16:35
2 mins read
West Africa Oil Trades at Record Discount as Freight Costs Surge
West African crude traded at the biggest discount in more than a decade as freight rates soared and demand from Asia weakened with a recovery in oil flows throu...
16:20
2 mins read
Dollar Nears New High of the Year as Investors Rush to Safety
The dollar jumped Wednesday as higher oil prices and heightened tensions in the Middle East prompted investors to flock to safety.
The Bloomberg Dollar Spot In...
16:12
1 min read
India Seeks Black Sea Deal as Merchant Ships Face Fresh Attacks
India is engaging Ukraine and Russia to ensure safe passage of grain and energy through the Black Sea as fresh attacks on commercial vessels continued to disrup...
15:57
2 mins read
Brazil Independent PRIO Joins Majors to Take Deep-Water Oil Blocks
Brazil awarded more than half of the oil blocks it offered in a deep-water region off its southeastern coast on Wednesday, drawing bids from Brazilian independe...
15:14
2 mins read
Isaias to Menace US Oil and Gas Assets as Category 2 Hurricane
The first Atlantic hurricane of the season is forecast to reach the US Gulf Coast early Saturday, threatening damaging winds, flooding and potential disruptions...
15:07
1 min read
German Energy Ministry Dissolves Key Wind and Solar Division
Germany’s economy and energy ministry has dissolved a key division for liaising with the wind and solar industry, a move that reflects policymakers’ shifting pr...
15:02
1 min read
Syria Plans to Double Oil Output in a Year as Investors Return
State-owned Syrian Petroleum Co. plans to more than double crude production and ramp up oil refining as foreign operators return, according to Chief Executive O...
14:42
2 mins read
SpaceX Credit-Risk Gauge Hits Record High on Fundraising Reports
A measure of SpaceX’s credit risk surged to a fresh high and the company’s bonds tumbled in the secondary market on Wednesday, following reports the company is...
14:30
1 min read
Pacific Coast Energy Starts Work to Revive Venezuela Oil Fields
Lea en español
Pacific Coast Energy Co., a California-based oil producer, started work in Venezuela and plans to double its output there within six months to 4...
13:59
1 min read
Jony Ive Defends $615,000 Ferrari Luce Design Panned by Critics
Jony Ive defended the widely panned design of Ferrari NV’s first electric car, saying people respond differently to the vehicle when they see it in person than...
13:13
2 mins read
Data Center Boom Raises Issue of Who Pays for Grid, RWE Says
The surge in electricity demand from data centers is raising questions over who should bear the cost of the grids and reliable generation needed to serve them,...
13:08
3 mins read
SpaceX in Talks to Borrow $40 Billion to Buy Nvidia Chips
Elon Musk’s SpaceX is in talks with banks and investors to raise $40 billion to buy chips from Nvidia Corp., people familiar with the matter said, in what would...
12:54
4 mins read
Porsche Targets 20% Price Increase for Top-Model Sports Cars
Porsche AG plans to increase prices of its top-end sportscars by an average of 20%, including the introduction of a new model that will sit above the longtime f...
12:50
1 min read
Trafigura Buys Seven Oil Tankers From SFL as Shipping Costs Rise
Trafigura Group bought seven oil tankers from New York-listed SFL Corp., in the latest example of how trading houses and state energy companies are acquiring ve...
12:39
1 min read
US 30-Year Yields Return to 2002 High With Crude Back Above $100
US Treasuries resumed their retreat, lifting the 30-year yield back to its highest since 2002 as climbing oil prices raised concern about faster inflation and m...
12:36
2 mins read
Ex-Barclays Traders Have Rate-Rigging Convictions Quashed by London Court
A group of five ex-Barclays Plc traders, convicted of rigging benchmark interest rates in a series of landmark fraud prosecutions, had their convictions overtur...
12:19
2 mins read
Garuda Indonesia Seeks More Financing as Rising Costs, Fuel Bite
PT Garuda Indonesia is planning to raise more debt and has negotiated longer payment terms with its main fuel supplier PT Pertamina, the airline said in an earn...
11:27
2 mins read
Dangote Refinery Offers East Africa Almost 20% of IPO Shares
Dangote Petroleum Refinery & Petrochemicals FZE, which owns Africa’s biggest crude-processing facility in Nigeria, is offering investors based in the continent’...
11:24
1 min read
Equinor Hikes Norway LNG Plant Upgrade Cost Amid Project Hurdles
Equinor ASA has again raised the estimated cost of upgrading its Hammerfest liquefied natural gas plant, less than a year after its last revision, highlighting...
10:48
1 min read
ICE Starts Gold Futures in London Market Dominated by Top Banks
Intercontinental Exchange Inc. has launched new gold futures contracts in London, in the latest effort to expand trading in a market built on over-the-counter d...
10:45
4 mins read
SpaceX Push on Spectrum Access Gets Aerospace Industry Backlash
SpaceX and its allies are pushing the Trump administration for easier access to bands of wireless spectrum, triggering fierce opposition from other users of the...
10:40
2 mins read
Rare Arctic Tanker Trip Hints at Russia’s Growing Refinery Woes
A sanctioned tanker carrying a gasoline additive from China appears to be heading to Russia along the Northern Sea Route, a rare journey that suggests attacks o...
10:34
1 min read
Shell Sees Record Refining Margins as War Roils Fuel Markets
Shell Plc reported record refining margins in the third quarter as disruption to fuel supplies from the Middle East and Russia tightened the market.
The energy...
10:30
4 mins read
‘Insane’ Deals Waiting for Premium Wine Drinkers in Private-Label Brands
Oenophiles on beer budgets have never had it better.
In California, which produces about 80% of US wine, some vintners stuck with more than people want to drin...
10:07
2 mins read
RWE Sees Limited Role in Uniper After Making Joint Bid With KKR
RWE AG has played down the prospect of taking a major role in state-owned Uniper SE, after the utility teamed up with private equity firm KKR & Co. to make a no...
09:38
2 mins read
Indian Power Plants’ Depleted Coal Reserves Raise Blackout Risk
Coal inventories at India’s power stations are close to a five-year low, with plants equivalent to more than 40% of the nation’s coal-fired capacity left with j...
09:19
2 mins read
Ashley’s Frasers Group Acquires 8.8% Stake in Under Armour
Billionaire Mike Ashley’s Frasers Group Plc acquired an 8.8% stake in Under Armour Inc., expanding the Sports Direct owner’s investments in struggling brands an...
05:44
2 mins read
Saudi Arabia Finalizing Plans for ‘Substantial’ Aircraft Order
The Saudia Group, which includes national airline Saudia and low-cost carrier Flyadeal, is advancing with plans to make a “substantial” jet order for delivery s...
20:51
10 mins read
Ellison Cements Status as Hollywood Mogul With Studio Mega-Deals
It took just 13 months for David Ellison to acquire two of Hollywood’s most storied movie studios, but for the son of billionaire Larry Ellison, running both Pa...
20:51
10 mins read
David Ellison Cements Status as Hollywood Mogul With Studio Mega-Deals
It took just 13 months for David Ellison to acquire two of Hollywood’s most storied movie studios, but for the son of billionaire Larry Ellison, running both Pa...
20:41
2 mins read
Target Plans New Dress Code For Its Grocery Employees
Target Corp. is rolling out a new dress code for food-and-beverage employees, the latest effort to reboot its grocery operations and consumers’ shopping experie...
17:48
4 mins read
McDonald’s Franchisees Balk at Costly Bill to Upgrade Stores
McDonald’s Corp.’s ambitious plan to overhaul its restaurants and menu is sparking angst among US franchisees facing upgrades that will cost at least $800,000 p...
17:18
3 mins read
Iran Ramps Up Ship Attacks in Hormuz as Oil and Gas Flows Climb
Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokep...
17:16
2 mins read
Cosan Rethinks Asset Sales After Debt Cut, Bolsonaro-Led Rally
Brazil conglomerate Cosan SA is reassessing plans to sell assets after it cut debt by half in the past year and as market conditions improved in Brazil on bets...
17:06
1 min read
US Heating-Oil Bills Expected to Rise 21% This Winter, EIA Says
Heating bills for American households that rely on oil to warm their homes are expected to be 21% higher than last winter, according to the US Energy Informatio...
17:05
1 min read
Tesla to Showcase Its Cybercab Robotaxi at Paris Auto Show
Tesla Inc. will display its Cybercab robotaxi at the Paris Motor Show that kicks off on Oct. 12, according to the event’s organizer.
Visitors will be able to t...
15:39
3 mins read
Ares Faces 50% Loss on Money It Piled Into TalkTalk With BT Deal
Ares Management Corp is set to lose about half of the hundreds of millions of pounds it invested in TalkTalk, after BT Group Plc agreed to buy the telecommunica...
14:37
2 mins read
US Gulf Coast Faces Growing Tropical Storm Threat This Weekend
A tropical system developing in the Bay of Campeche may reach the US Gulf Coast this weekend, threatening heavy rain while potentially skirting major oil and ga...
14:37
2 mins read
US Gulf Faces Heavy Rain Threat From Developing Tropical System
A tropical system developing in the Bay of Campeche may reach the US Gulf Coast this weekend, threatening heavy rain while potentially skirting major oil and ga...
14:02
3 mins read
Ford Selloff Tests Wall Street’s Faith in an Earnings Recovery
Ford Motor Co. shares have fallen sharply as enthusiasm around its earlier rally fades and a tougher economic backdrop weighs on the auto industry. Analyst pric...
13:27
3 mins read
Stellantis Union Lowers Forecast for 2026 Italy Vehicle Output
Stellantis NV is likely to assemble about 10% fewer vehicles in Italy this year than previously forecast, according to the Fim-Cisl labor union, which lowered i...
13:04
3 mins read
Mideast Oil Chiefs Warn World Needs to Share Iran War Costs
The heads of two of the Middle East’s biggest oil producers warned that the rest of the world will have to share the burden of paying for the Iran war and the n...
13:00
2 mins read
MadeGood Granola Bites Owner Reaches Unicorn Status After Deal
Riverside Natural Foods, the Canadian owner of MadeGood granola bars and bites, has achieved unicorn status through a recent deal.
Prelude Growth Partners agre...
13:00
4 mins read
NASA Eyes Bulk Rocket Buy for Moon Base Amid SpaceX Phaseout
NASA is close to announcing a bulk purchase of rocket launches to fuel its $30 billion drive to build a permanent base on the moon for humans to live and work....
13:00
2 mins read
Cookie Maker Rip Van Picks Ex-Hershey, Perdue Executive as CEO
Rip Van Inc., a fast-growing maker of low-sugar sweet snacks, announced a former Hershey Co. executive as its new chief executive officer ahead of a push into m...
11:58
2 mins read
China Refiners Flock to Iraqi Crude as US Chokes Iran Supply
China’s independent refiners are turning to Iraqi crude after a US blockade choked supplies from top source Iran, while competition from state-owned rivals pric...
11:56
2 mins read
Mideast Oil Flows Are Near 80% of Prewar Levels, Shell CEO Says
Oil flows from the Middle East are at about 80% of pre-conflict volumes, the chief executive officer of Shell Plc said, offering one of the most authoritative a...
11:39
1 min read
Asos Shares Slump After App Users Receive Hack Notification
Asos Plc shares slumped the most in a year after users of its shopping app received a notification indicating its systems were hacked.
The notification, seen b...
10:52
1 min read
Zambian Kwacha Extends Slide as Oil Importers Seek Dollars
The Zambian kwacha fell as much as 6% on Tuesday, its biggest daily drop in more than three years, as corporate demand for dollars weighed on this year’s top-pe...
10:43
2 mins read
MNT-Halan Plans $150 Million IPO, Egypt’s Biggest Since 2021
Egyptian fintech unicorn MNT-Halan is seeking to raise 7.84 billion pounds ($150 million), in what would be the country’s biggest initial public offering in dol...
10:39
1 min read
Key Saudi Pipeline Flows at 5.8 Million Barrels, Minister Says
Saudi Arabia is pumping 5.8 million barrels a day through its key cross-country pipeline, Energy Minister Prince Abdulaziz bin Salman said.
The kingdom was sen...
10:27
1 min read
Merlin Debt Backed by London Eye Is Fetching a High Price Tag
Credit traders are quoting Merlin Entertainments Ltd.’s private loans far above the distressed prices of the leisure-park operator’s existing securities, reflec...
10:10
1 min read
EU to Seek Market Operator to Conduct Joint Energy Purchases
The European Union will look to appoint a market operator to help the bloc procure energy as it struggles with a second price crisis in less than five years.
E...
09:20
1 min read
UK Issues Power Supply Warning as Wind Generation Plummets
The UK grid operator warned that electricity supplies may be tight from Tuesday afternoon, with wind generation set to plunge further overnight.
Britain’s Nati...
09:08
2 mins read
Mideast Oil Chiefs Warn World Needs to Share Iran-War Costs
The heads of two of the Middle East’s biggest oil producers warned that the rest of the world will need to share the burden of paying for the Iran war and the n...
08:35
2 mins read
Quickmart Targets $1 Billion Sales, 125 Stores After Kenya IPO
Kenya’s second-largest supermarket chain, which launched an initial public offering this week, intends to more than double revenue and add at least 50 stores ov...
00:00
4 mins read
2026 Investor’s Guide to Africa
The Middle East conflict reinforces the importance of supply security, and African industries are benefitting.
By Monique Vanek and Yvonne Mhango (Economist) |...
20:50
2 mins read
Oprah-Backed True Food Kitchen Files Bankruptcy After Expansion
True Food Kitchen, a health-food focused restaurant chain that counts Oprah Winfrey among its investors, has filed bankruptcy after struggling with management t...
19:18
1 min read
SpaceX Proposes Gas Pipeline to Supply Cape Canaveral Rockets
Elon Musk’s SpaceX is proposing to build a natural gas pipeline in Florida to deliver fuel for its Starship rockets launched from Cape Canaveral.
The pipeline...
18:47
4 mins read
Troubled Caribbean Refinery Eyes Restart Amid Global Fuel Crunch
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An idled refinery in the US Virgin Islands — once the world’s largest fuel-making plant — aims to reopen next year thanks to interest from the U...
18:47
2 mins read
Petronas CEO Warns of LNG ‘Bloodbath’ Risks as Prices Surge
Surging LNG prices risk destroying demand for the super-chilled fuel and triggering a “bloodbath” in global markets, according to Malaysia’s Petroliam Nasional...
17:10
1 min read
Renault Appoints Michelin Executive Damois as Carmaker’s CFO
Renault SA will replace its chief financial officer with Carine Damois to bolster its leadership at a critical time for Europe’s automotive industry.
Damois, d...