Business

Wholesale prices rose 0.4% in August, as expected

The producer price index was expected to rise 0.4% in August, according to the Dow Jones consensus forecast.

ECB Hikes Interest Rates for Second Time Since Iran War

The European Central Bank increased interest rates for the second time since the Iran war started, responding to signs inflation is set to stay well above 2%. The deposit rate was lifted by a quarter-point to 2.5%. Bloomberg's Oliver Crook…

Hong Kong, Dubai launch working group to boost financial connectivity

Russian, Indian companies to cooperate on textile production

Under the cooperation, wool produced in Russia, including in the Republic of Kalmykia, is expected to be used to manufacture fabrics under the Aurus Cashmere brand in India at Bansal Spinning Mills' production facilities

European Central Bank Raises Rates in Bid to Quell Inflation

The bank, fighting price pressures spurred by the war in the Middle East, raised its benchmark rate to 2.5 percent.

Hugging Face co-founder: What we learnt from OpenAI’s hack

Commercial AI tools failed to defend the platform against the attack — the solution lies in open-weight models

When Private Equity Plays Hardball, Loans End Up Costing More

In the cutthroat world of risky loans, a private equity firm’s aggressive reputation during times of corporate distress carries a steeper price tag: 60 basis points, to be precise.

ECB hikes rates to 2.5% as energy shock pushes eurozone inflation higher

The European Central Bank has raised interest rates by a quarter point, lifting its deposit rate to 2.5%, as the energy shock driven by the Iran war pushes eurozone inflation higher and forces a second hike in three months.

SABIC AN’s ammonia-urea complex to go live in 2030; $3.5bn contract awarded to Samsung E&A

RIYADH: SABIC Agri-Nutrients Co. has awarded a $3.46 billion engineering, procurement and construction contract to Samsung E&A Co., Ltd. to build a new industrial complex for ammonia and urea production in Saudi Arabia. In a statement, the…

Brent price on ICE tops $104 per barrel, first time since May 22

WTI crude futures for October delivery were up 3.1% at $99.03 per barrel

Oracle options are doing something curious heading into earnings

If ever there were a stock that captured the hopes and fear of the AI trade, it's Oracle.

Guyana’s Oil Boom for Expats: Jobs, Housing and Daily Life in Georgetown in 2026

Guyana's oil boom is drawing thousands of expats to Georgetown — jobs, housing costs, safety and daily life in South America's fastest-growing economy. The post Guyana’s Oil Boom for Expats: Jobs, Housing and Daily Life in Georgetown in…