Oct 06 Watch 5:51 How the OPEC Plus production cuts will impact the economy and Russia’s war in Ukraine By Amna Nawaz Oil-producing countries including Saudi Arabia and Russia agreed to cut production by a significant 2 million barrels a day to boost prices. The move is being seen as a big setback to the Biden administration before the midterms and something… Continue watching
Oct 06 Twitter says it wants trial against Elon Musk to proceed By Matt O'Brien, Associated Press Twitter is asking a Delaware court to proceed with an upcoming trial against Elon Musk. The social media platform says the billionaire refuses to accept the contractual obligations of his April agreement to buy the company for $44 billion. Continue reading
Oct 06 WATCH: Biden says IBM investment will help competition with China By Josh Boak, Associated Press The CHIPS and Science Act, which Biden signed in August, was a rare bill for which the president was able to win bipartisan support. Continue reading
Oct 06 Global economy ‘likely to get worse before it gets better’ warns IMF By Fatima Hussein, Associated Press The International Monetary Fund is once again lowering its projections for global economic growth in 2023. Continue reading
Oct 05 Watch 5:26 News Wrap: OPEC drastically cuts oil production to boost sagging prices In our news wrap Wednesday, OPEC is drastically cutting oil production by two million barrels a day to boost sagging prices, Russian President Putin signed documents today to annex four regions of Ukraine as the Russian military is losing its… Continue watching
Oct 05 EU agrees on price cap for Russian oil over Ukraine war By Samuel Petrequin, Associated Press European Union countries agreed Wednesday to impose a price cap on Russian oil and other new sanctions after Moscow illegally annexed four regions in Ukraine amid its monthslong war, EU officials said. Continue reading
Oct 05 Climate change made global summer droughts 20 times more likely By Drew Costley, Associated Press Widespread drought that dried up large parts of Europe, the United States and China this past summer was made 20 times more likely by climate change, according to a new study. Continue reading
Oct 05 Prolonged drought brings famine and fear to Somalia By Cara Anna, Associated Press Somalia is in the midst of the worst drought anyone there can remember. More than 1 million have fled. A rare famine declaration could be made within weeks. Climate change and fallout from the war in Ukraine are in part… Continue reading
Oct 05 Asian Development Bank to provide $2.5 billion to flood-ravaged Pakistan By Munir Ahmed, Associated Press Pakistan's Finance Ministry says the Asian Development Bank will provide $2.5 billion in aid to the impoverished flood-affected country, where climate-induced deluges of rain have killed nearly 1,700 people since-mid- June. Continue reading
Oct 05 Elon Musk says he is ready to buy Twitter again, at original $44 billion price By Tom Krishner, Matt O'Brien, Randall Chase, Barbara Ortutay, Associated Press Musk made the surprising turnaround in a letter to Twitter that the company disclosed in a filing with the U.S. Securities and Exchange Commission. Continue reading