17:30
U.S. tariffs

Kuwait: OPEC monitors U.S. stance, oil demand

Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.

17:30

Tesla grants Musk $29B in shares as part of new pay deal

Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.

12:30
OPEC+

OPEC+ agrees to increase oil production by 547,000 barrels

OPEC+ will increase oil production by 547,000 barrels per day in September after eight members of the organisation held a brief virtual meeting on Sunday. They said the company will continue to accelerate its output hikes to regain market share.

15:48
AI investment

McDonald's plans to 'double down' on AI investment by 2027

McDonald's plans to significantly expand its investments in artificial intelligence by 2027, with India expected to play a central role in data governance, engineering, and platform development, a senior executive said on Friday.

12:30
Adidas shares fall

Adidas shares drop after sales miss expectations

Adidas saw its shares drop 7.5% in early Wednesday trading after second-quarter sales came in below expectations and the company warned of an added €200 million ($231 million) cost burden from new U.S. tariffs in the second half of 2024.

14:09
EU-U.S. trade deal

EU-U.S. trade deal gives €4 billion boost to European carmakers

European automakers including BMW and Mercedes-Benz are set to gain €4 billion from a new EU-U.S. trade agreement that lowers tariffs on vehicle exports. The move offers relief in a key market but still leaves duties higher than pre-2024 levels.

10:33
Oil rises

Oil rises as US-EU deal boosts trade optimism

Oil prices rose on Monday after the United States clinched a trade deal with the European Union and may extend a tariff pause with China, relieving concerns that higher levies could have hurt economic activity and limited fuel demand.

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Opinion