By Shariq Khan BENGALURU (Reuters) -Oil prices rose on Tuesday on forecasts for a tighter gasoline market and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ output cuts. Brent crude futures rose 85 cents, or 1.1%, to settle at $76.84 a barrel, while the U.S. West Texas…
By David Shepardson WASHINGTON (Reuters) -The U.S. National Transportation Safety Board (NTSB) will hold a two-day investigative hearing June 22-23 on the Feb. 3 Norfolk Southern derailment in East Palestine, Ohio, board chair Jennifer Homendy said on Tuesday. Earlier this month, a U.S. Senate panel approved rail safety legislation that tightens rules on trains carrying…
By Andrew Mills DOHA (Reuters) -Standard Chartered CEO Bill Winters on Tuesday said the sale of Credit Suisse to UBS was “surprising” given the “unusual” terms of the deal, which prioritised shareholders over bondholders. “The conclusion was very surprising to me, in terms of the way that the bank was resolved through this very unusual…
By Andrew Mills and Tim Hepher (Reuters) – Boeing Chief Executive Dave Calhoun on Tuesday said it could take until the end of 2024 to iron out sector-wide supply chain problems that have hampered global jetliner production. “Priority one for the two airplane manufacturers is stability,” Calhoun told the Qatar Economic Forum, referring to Boeing…
By Gloria Dickie and Kate Abnett LONDON (Reuters) -Over 100 members of the U.S. Congress and European Parliament called on Tuesday for Sultan al-Jaber to be removed as the designated head of the upcoming COP28 climate talks, saying the oil exec’s appointment threatened the integrity of negotiations. Jaber, who heads the United Arab Emirates oil…
By Dan Williams JERUSALEM (Reuters) – The top Israeli general raised the prospect of “action” against Iran on Tuesday even as Prime Minister Benjamin Netanyahu’s national security adviser played down any immediate threat posed by a new underground nuclear facility being dug by Tehran. World powers’ efforts to negotiate new curbs to Iranian uranium enrichment…
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) – The Bank of Israel hiked benchmark interest rates to their highest level since 2006 on Monday, citing high inflation and a tight labour market, and said upcoming data would determine whether it raised them further. The central bank lifted the key rate for the 10th policy…
By Khalid Abdelaziz and Mohamed Nureldin KHARTOUM (Reuters) -A week-long ceasefire in Sudan got off to a shaky start on Monday as witnesses in the capital Khartoum reported fighter jets flights over the city and continued fighting in some areas. Heavy bombardments could be heard in east Khartoum, witnesses said, and one resident shared a…
By Scott DiSavino NEW YORK (Reuters) -Oil prices edged up 1% on Monday with a rise in U.S. gasoline futures and forecasts for oil demand to rise in the second half of the year, while supplies from Canada and OPEC+ declined in recent weeks. Oil prices, however, were held in check by a stronger dollar…
JERUSALEM (Reuters) – Israel aims to parlay its technological prowess to become an artificial intelligence “superpower”, the Defence Ministry director-general said on Monday, predicting advances in autonomous warfare and streamlined combat decision-making. Steps to harness rapid AI evolutions include the formation of a dedicated organisation for military robotics in the ministry, and a record-high budget…
