Diplomatic efforts stall as Iran’s latest nuclear proposal omits key concessions on uranium enrichment and Hormuz access. Israel’s government and military are indicating preparations for possible renewed US strikes on Iran. The signals follow Tehran’s latest diplomatic pro
Brent and WTI crude prices surge on escalating Middle East tensions and attacks on UAE nuclear facilities ahead of US policy meetings. Oil prices climbed on 18 May as geopolitical risks in the Middle East intensified, with Brent crude futures rising $0.57 to $109.83 a barr
By Haripriya Suresh and Shivansh Tiwary BENGALURU, May 18 Global capability centres in India are being measured while hiring as companies are wary about the impact of geopolitical uncertainties and growing AI adoption, the CEO of ANSR, which helps firms build and run global...</p
Commercial oil inventories are nearing depletion, with strategic reserves adding 2.5 million bpd but failing to bridge a growing supply gap. Global commercial oil inventories are declining at a record rate, with only weeks of supply remaining, according to the Internationa
- China’s growth slowed across the board in April with investment resuming declines, calling into question the government’s reluctance to add stimulus to the economy as a global energy crisis hits factories and consumers across the world. Most Read from Bloomberg Official
US consumers have launched a proposed class action against Amazon in federal court in Seattle, claiming the retailer unlawfully passed on tariff costs totalling hundreds of millions of dollars. The complaint was filed by two consumers from Maryland and Massachusetts and co
The bank targets wind, solar, EVs, and AI sectors amid global energy supply disruptions and transition demand. HSBC established a $4 billion investment vehicle to finance China’s energy transition technologies, including wind, solar, electric vehicles, and AI-driven data c
Iran and the US exchange proposals on sanctions relief and maritime security, with indirect negotiations ongoing through Pakistani mediation. Iran and the US have traded formal comments on Tehran’s recent proposal, which includes demands for sanctions relief and the releas
Rising energy costs from the U.S.-Israel-Iran conflict force companies to cut production and dividends, analysts say. Global businesses have incurred $25 billion in losses due to the oil and gas crisis triggered by the U.S.-Israel-Iran conflict. The disruption has led to s
China buys $17 billion in US agricultural products annually The White House has released a fact sheet detailing historic deals with China. The agreements include the purchase of 200 American-made Boeing aircraft by China. China will also purchase $17 billio
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