World Dec 18 BP joins list of companies halting Red Sea shipments due to Houthi attack fears Houthi rebels have targeted container ships and oil tankers passing through a narrow waterway that connects to the Red Sea and Suez Canal, where an estimated 10% of the world’s trade passes through.
Economy Nov 30 OPEC+ oil producers struggle to agree on cuts to production even as prices fall The OPEC oil cartel led by Saudi Arabia and allied producers including Russia are trying to agree on cuts to the amount of crude they send to the world.
Economy Nov 20 Microsoft hires Sam Altman, new OpenAI CEO vows to investigate his ouster The developments come Monday after a weekend of drama and speculation about how the power dynamics would shake out at OpenAI.
World Jul 17 Russia suspends deal allowing Ukraine to export grain, destabilizing global food markets It’s the end of an accord that the U.N. and Turkey brokered to allow food to leave the Black Sea region after Russia invaded its neighbor.
World Jul 12 Russia threatens to pull out of Ukraine grain deal, raising fears about global food security The deal originally reached last summer to ease a global food crisis is up for renewal Monday, and Russian officials say there are no grounds for extending it.
Politics Jun 12 UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil The announcement comes nearly three months after the Swiss government hastily arranged a rescue deal to combine the country's two largest banks in a bid to safeguard Switzerland's reputation as a global financial center and choke off market turmoil.
World May 26 Court says Credit Suisse owes millions to Georgia’s billionaire former prime minister A Singapore court says Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect the billionaire's money in a trust pilfered by a manager.
Nation May 18 Deutsche Bank to pay $75 million to Epstein victims in ‘groundbreaking settlement,’ lawyers say Deutsche Bank has agreed to pay $75 million to settle a lawsuit claiming the German lender should have seen evidence of sex trafficking by Jeffrey Epstein when he was a client.
World May 17 Russia agrees to extend Ukraine grain shipping deal another 2 months Turkish President Recep Tayyip Erdogan says Russia has agreed to extend a deal that has allowed Ukraine to ship grain through the Black Sea to parts of the world struggling with hunger.
Politics Mar 29 Credit Suisse violated plea deal with failure to report offshore accounts for clients’ tax evasion, U.S. lawmakers U.S. lawmakers say Credit Suisse violated a plea agreement by failing to report secret offshore accounts that wealthy Americans used to avoid paying taxes.