Canada has placed a proposed oil pipeline to its Pacific coast on a faster federal review path as it seeks to sell more crude beyond the United States. Prime Minister Mark Carney announced on Thursday that the project, now called Pacific Link, had been designated a project of national interest. The decision allows it to
Canada Fast-Tracks Review of Pacific Oil Pipeline to Reduce Reliance on US Read More »
G7 leaders have agreed to coordinate the release of 100 million barrels of oil and fuel reserves over four months in an effort to ease pressure on energy markets. A substantial amount of diesel is due to be released during the first 20 days. The agreement followed a video meeting on Friday chaired by French
G7 Agrees to Release 100 Million Barrels of Fuel Reserves as Diesel Prices Soar Read More »
Nike’s latest sales figures and full-year forecast have raised fresh questions about how quickly chief executive Elliott Hill can restore growth to the sportswear company. Revenue fell 4% to $11.2 billion in the first quarter of Nike’s 2027 financial year, which ended on 31 August. The company expects revenue to fall by a high single-digit
Nike’s Sales Decline Tests Investor Confidence in Elliott Hill’s Turnaround Read More »
Broadcom could provide Anthropic with up to $42 billion in financing to help the artificial intelligence company pay for computing capacity, according to company filings examined by Reuters. The arrangement is part of a wider relationship in which Broadcom helps supply the technology Anthropic needs to develop and run its Claude AI models. The $42
Broadcom Could Provide Anthropic Up to $42 Billion for AI Chip Leases Read More »
French President Emmanuel Macron plans to speak with G7 leaders about measures affecting crude oil and refined fuel markets, the Élysée Palace said on Friday. The announcement followed a telephone conversation with US President Donald Trump. Macron called for joint action to tackle rising fuel prices while avoiding export restrictions, according to Reuters’ report of the
Macron Plans G7 Talks on Emergency Oil Stocks as Fuel Prices Rise Read More »
Mynt, the parent company behind the Philippine mobile wallet GCash, has priced its initial public offering at 6.60 pesos a share, setting up a transaction worth approximately 53 billion pesos, or $845 million. The company announced the price on Friday, 2 October. It plans to offer up to 8.03 billion shares, with trading on the Philippine
GCash parent Mynt prices $845 million IPO ahead of Philippine market debut Read More »
Chinese refiners have suspended most fuel exports scheduled for October while Beijing focuses on rebuilding domestic inventories, according to four people briefed on the matter. The pause affects overseas sales of refined products at a time when buyers across Asia are already facing tight supplies. Reuters reported that major refiners had not received approval to
Chinese Refiners Pause October Fuel Exports as Beijing Protects Domestic Stocks Read More »
A US federal judge has approved a settlement that allows Paramount to proceed with its acquisition of Warner Bros Discovery, removing a major legal obstacle to one of the media industry’s largest proposed mergers. The deal has not yet closed. Paramount and Warner Bros Discovery say they expect to complete it on 6 October. Reuters
Paramount Cleared to Close Warner Bros Deal, Names Mattel Chief as Co CEO Read More »
South Korea’s exports climbed to a record $120.9 billion in September, exceeding $120 billion in a single month for the first time as semiconductor shipments surged. The total was 83.5% higher than in September 2025, with chips accounting for roughly half of the month’s exports. The increase underlines how strongly global demand for semiconductors, including
South Korea’s Monthly Exports Pass $120 Billion as Chip Sales Surge Read More »
Aliko Dangote says he hopes to list Dangote Fertiliser Limited in 2027, putting another of his group’s major businesses on the path towards public ownership. He disclosed the target on Tuesday, 29 September, during a meeting with investors at the Nairobi Securities Exchange. “Sometime next year we hope to list it. Let it be owned
Dangote’s Aims to List Fertiliser Business in 2027 Read More »
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