Newsfeed – Business News
Bank of England governor: AI could cause global economic downturn
LONDON, Aug 31 — Artificial intelligence could unleash a global economic downturn, the governor of the Bank of England has warned in a letter to governments from around the world, […]
China’s factory activity slides for second straight month
BEIJING, Aug 31 — Factory activity in China contracted in August for a second straight month, official data showed today, as soft demand weighs on the world’s second-largest economy. Leaders […]
Venezuela says oil deal with US could put US$19 per barrel into state coffers
MEXICO CITY, Aug 30 — Venezuelan state revenues under the oil development agreement with the United States could reach approximately US$209 billion (RM841.7 billion), or approximately US$19 (RM76.51) per barrel […]
Iran transfers US$7.5b in oil revenues to central bank amid US blockade
ISTANBUL, Aug 29 — Iran transferred US$7.5 billion (RM31.6 billion) in oil revenues from sales during the first four months of the current Iranian year to the central bank, Anadolu […]
US Fed chief Warsh sends Wall Street lower with hawkish inflation warning
NEW YORK, Aug 29 — Wall Street stocks dipped while the dollar rallied Friday after Federal Reserve chief Kevin Warsh flagged fighting high inflation as a priority in a speech […]
‘Numbers are more concerning’: US Fed chief Warsh breaks silence on economy, but still keeps markets guessing
WASHINGTON, Aug 29 — US Federal Reserve chair Kevin Warsh on Friday offered rare insight into his economic outlook, flagging that high inflation in the world’s largest economy was “concerning” […]
Venezuela confirms ‘historic’ US oil deal covering 65 billion barrels
CARACAS, Aug 29 — Caracas on Friday confirmed that Venezuela had signed a major oil deal with the United States, giving Washington majority control of 65 billion barrels of proven […]
Club Med eyes Hong Kong listing to fuel global expansion
PARIS, Aug 29 — Fosun, the Chinese owner of Club Med, on Friday said it had filed for an initial public offering in Hong Kong for the travel operator and […]
Trump says US clinches ‘biggest oil deal in world history’ with Venezuela worth nearly US$100b
WASHINGTON, Aug 29 — President Donald Trump said Friday his administration has reached a huge oil deal with Venezuela that gives the United States majority control of 65 billion barrels […]
Iceland’s EU vote puts its fishing wealth — and hard-won rights — on the line
VESTMANNAEYJAR, Aug 29 — Trawler captain Jon Atli Gunnarsson was eight years old when Iceland won the last “Cod War” with Britain. Half a century later, there’s no way he’s […]