Crude oil prices in focus: OPEC+ increases output by 206,000 bpd amid Middle East tensions

OPEC+ on Sunday announced a higher-than-expected increase in oil production quotas, days after US and Israeli strikes on Tehran triggered Iranian retaliation across the Middle East, according to AFP.The oil producers’ group, which includes Saudi Arabia, Russia and several Gulf states affected by the escalation, said it had “agreed on a production adjustment of 206…

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‘India reliable’: PM woos global investors at chip plant launch | India News

AHMEDABAD: Amid intensifying geopolitical conflicts and trade tensions, Prime Minister Narendra Modi made a strong pitch on Saturday for India as a preferred investment destination. “India is capable, India is competitive, and India is committed. Today, India has only one message for investors worldwide: India is ready, India is reliable, and India will deliver,” Modi…

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From early flop to Hollywood heavyweight, Skydance eyes Warner Bros takeover after 20-year rise

Two decades after debuting with a box office failure that drew harsh reviews, Skydance Productions is now poised to become one of the most powerful forces in global entertainment, with a proposed takeover of Warner Bros. Discovery marking the latest chapter in its dramatic rise, according to news agency AP report.Founded in 2006 by David…

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Iran is using a $7.8 billion crypto shadow economy to bypass global sanctions

Fresh U.S. and Israeli strikes on Iran have drawn new attention to a financial network Tehran has built in parallel to its battered banking system: bitcoin mining and a fast-growing stablecoin economy. Iran legalized crypto mining in 2019, allowing licensed operators to use subsidized electricity in exchange for selling mined BTC to the central bank….

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Berkshire transition: Greg Abel writes first shareholder letter as CEO, pledges continuity in Buffett era

Greg Abel, Warren Buffett’s chosen successor at Berkshire Hathaway, has issued his first annual letter to shareholders after taking over as chief executive in January, outlining his leadership approach while reaffirming continuity at the conglomerate, AP reported.The letter comes as Berkshire recorded a $4.5 billion write-down related to the value of its investments in Kraft…

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