Finance
Oil prices experienced a rebound as a potential hurricane approaches the U.S. Gulf Coast. West Texas Intermediate (WTI) crude futures rose by 1.48% to $68.67 per barrel, and Brent crude futures increased by 1.39% to $72.05 per barrel. This follows a period of declining prices
Business
The European Union (EU) requires a more coordinated industrial policy, rapid decision-making, and significant investment to remain competitive with the United States and China, according to a report by former European Central Bank chief and Italian Prime Minister, Mario Draghi. The report, commissioned by the European Commission, calls for an
Business
Eli Lilly and Company (Lilly) has appointed Lucas Montarce as its new executive vice president and chief financial officer (CFO), effective immediately. Montarce, who joined Lilly in 2001, has held various finance leadership roles, including group vice president, corporate controller, and global CFO of Lilly Research Laboratories, Lilly International, and
Politics
Poland's Deputy Prime Minister, Krzysztof Gawkowski, announced that Polish security services have successfully thwarted a cyber sabotage operation orchestrated by Russia and Belarus. The operation targeted local and central government institutions, including state-owned companies involved in military contracts, with the aim of extorting information and blackmailing individuals and
Technology
Broadcom Inc. (NASDAQ:AVGO) is recognized as a significant player in various investment strategies, including Environmental, Social, and Governance (ESG) investing, value investing, and artificial intelligence (AI) sectors. ESG investing, which emerged around two decades ago, aims to manage risks related to environmental, social, and corporate governance issues. Despite recent
Health
China has announced that it will fully open its manufacturing sector to foreign investments and allow more room for foreign capital in its health sector starting from November 1. The National Development and Reform Commission (NDRC) will remove the last remaining limits on overseas investments in the manufacturing sector and
Health
Alimentation Couche-Tard is making a renewed effort to acquire Seven & i Holdings, the Japanese operator of 7-Eleven, after its initial $38.5 billion offer was rejected. The Canadian convenience retailer plans to write to Seven & i in the coming days to reiterate its interest and may even take
Finance
Three Israeli civilians were killed in a shooting at the Allenby Bridge crossing between the West Bank and Jordan. The attacker, identified as a Jordanian truck driver, opened fire on Israeli workers at the crossing before being neutralized by security forces. Three additional individuals were critically injured and are receiving
Finance
The French government has requested an extension from the European Commission for submitting its plan to reduce the public deficit, originally due by September 20. This request aims to ensure the plan's alignment with the 2025 finance bill. France, under EU disciplinary proceedings for excessive deficit, faces potential