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Syria and Iraq plan oil pipeline to the Mediterranean as Hormuz tensions rise
World News

Syria and Iraq plan oil pipeline to the Mediterranean as Hormuz tensions rise

The Iran war and the crisis around the Strait of Hormuz have shaken global oil markets. Now Syria hopes to open an oil pipeline from Iraq to the Mediterranean and thereby establish itself as a player in the energy market
Oil prices rise as Strait of Hormuz talks remain unresolved
Business News

Oil prices rise as Strait of Hormuz talks remain unresolved

US labor market weakens as jobs fall by 23,000 in July, far below forecasts
Business News

US labor market weakens as jobs fall by 23,000 in July, far below forecasts

The number of jobs outside the agricultural sector in the United States fell by 23,000 in July, according to figures from the country's Labor Department. This was a significantly weaker result than expected
Meta hit with another multibillion-dollar fine in New Mexico lawsuit
Business News

Meta hit with another multibillion-dollar fine in New Mexico lawsuit

A judge in New Mexico in the USA has ordered tech giant Meta to pay the equivalent of more than five billion kronor in a new lawsuit.
Trump administration refunds about $100 billion in tariffs to companies
Business News

Trump administration refunds about $100 billion in tariffs to companies

The Trump administration has so far repaid about $100 billion in tariffs previously invalidated by the US Supreme Court, CNBC reports.
Oil prices fall after Bessent says US and Iran could reach Strait of Hormuz deal today
Business News

Oil prices fall after Bessent says US and Iran could reach Strait of Hormuz deal today

The US and Iran could reach an agreement today to open the Strait of Hormuz, US Treasury Secretary Scott Bessent told CNBC. Oil prices are clearly falling after the announcement
Asian stocks fall as Tokyo, Hong Kong lead declines
Business News

Asian stocks fall as Tokyo, Hong Kong lead declines

Tuesday's trading on Asian stock exchanges is marked by declines.
Rubio says progress being made in talks on Strait of Hormuz reopening
World News

Rubio says progress being made in talks on Strait of Hormuz reopening

Iran and Oman are reportedly close to a deal on reopening the Strait of Hormuz. US Secretary of State Rubio says the US is "involved" in the talks - but according to mediator Qatar, there are no direct talks between the US and Iran
Palantir beats Q2 expectations, raises full-year revenue forecast
Business News

Palantir beats Q2 expectations, raises full-year revenue forecast

AI software company Palantir beats expectations in the second quarter. The company's revenue increased sharply - and the forecast for the full year is being raised
Amazon to receive $600 million in customs refunds after Trump tariff ruling
Business News

Amazon to receive $600 million in customs refunds after Trump tariff ruling

E-commerce giant Amazon will receive around $600 million in customs refunds.
Apple beats expectations as stock falls after hours
Business News

Apple beats expectations as stock falls after hours

Apple beat market expectations when the iPhone maker reported its quarterly results. However, the stock fell in after-hours trading
Amazon beats expectations as stock surges after strong earnings report
Business News

Amazon beats expectations as stock surges after strong earnings report

Technology giant Amazon's interim report exceeded market expectations.
Samsung beats second-quarter expectations, easing pressure on South Korean stocks
Business News

Samsung beats second-quarter expectations, easing pressure on South Korean stocks

Technology giant Samsung Electronics' operating profit for the second quarter of this year beat expectations. The South Korean stock market is breathing a sigh of relief after this week's volatile trading
Meta shares fall 7% after earnings miss on lower-than-expected profit
Business News

Meta shares fall 7% after earnings miss on lower-than-expected profit

Meta's shares plunged about seven percent in after-hours trading after the earnings report showed lower earnings per share than analysts expected.
Microsoft beats expectations as Azure cloud revenue jumps 43%
Business News

Microsoft beats expectations as Azure cloud revenue jumps 43%

Microsoft exceeded market expectations when the tech giant released its quarterly report.
Tech giants team up to defend against AI-driven cyberattacks
Business News

Tech giants team up to defend against AI-driven cyberattacks

A large number of technology companies have entered into a collaboration to better defend against AI-driven cyberattacks.
Asian stock markets rise as China memory giant CXMT surges on AI wave
Business News

Asian stock markets rise as China memory giant CXMT surges on AI wave

Several of the leading indices in Asia are starting the trading week with gains - and in China, another memory giant is rising on the AI wave.
Oil prices fall sharply as futures trading opens for the week
Business News

Oil prices fall sharply as futures trading opens for the week

Paramount delays Warner Bros. Discovery takeover until June next year
Business News

Paramount delays Warner Bros. Discovery takeover until June next year

Paramount Skydance says it has agreed to delay its purchase of Warner Bros Discovery. The reason is various legal proceedings, CNBC reports
Overweight cats become target for obesity drug trials
Business News

Overweight cats become target for obesity drug trials

Weight loss drugs like Ozempic and Mounjaro have become bestsellers and have changed the lives of thousands of people. Fortunately, pets like cats may be a few extra pounds under their coats
Oil prices edge higher after volatile trading on Middle East conflict
Business News

Oil prices edge higher after volatile trading on Middle East conflict

The price of crude oil is rising marginally after a roller-coaster Monday amid conflicting news from the war-torn Middle East.
Iraq and Syria sign deal to rebuild oil pipeline to the Mediterranean
Business News

Iraq and Syria sign deal to rebuild oil pipeline to the Mediterranean

Iraq and Syria agree to rebuild a destroyed oil pipeline to the Mediterranean Sea - an alternative to the sea route via the Strait of Hormuz.
Netflix stock falls 8% after quarterly results meet expectations, outlook misses estimates
Business News

Netflix stock falls 8% after quarterly results meet expectations, outlook misses estimates

Netflix's quarterly results after the New York stock market closed were broadly in line with analysts' expectations. The stock is falling sharply in after-hours trading in New York
Fed official Lorie Logan calls for higher US interest rates at July 29 meeting
Business News

Fed official Lorie Logan calls for higher US interest rates at July 29 meeting

Lorie Logan - one of the Federal Reserve's (Fed) top decision-makers - wants the US interest rate raised at the Fed meeting on July 29.
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