Heavy crude builds in the Americas as tanker costs squeeze exports
Higher shipping costs are narrowing the appeal of heavy crude from the Americas for buyers in Asia and Europe, while US refiners have limited room to absorb more barrels.
Section
Business
Companies, labor, strategy, supply chains, and leadership.
446 stories
Cuba says solar expansion is advancing as fuel shortages and blackouts persist
Energy Minister Vicente de la O Levy says Cuba has installed 144 solar farms, but the reported capacity does not establish how much power they deliver to a strained grid.
EU-China hybrid import plan comes into focus as Paris Motor Show opens
The European Commission has confirmed a proposed annual limit of 350,000 hybrids imported from China, according to the Guardian. The limit is expected from December, while...
Nvidia weighs more investment in Reflection AI or acquisition, FT reports
The preliminary discussions could involve investment, an acquisition or hiring staff and licensing technology, as Reflection introduces its Beam model.
Tobago’s Rocky Point resort faces unresolved approvals and habitat concerns
A proposed 200-room resort has environmental clearance, but further approvals remain under review, according to new reporting. Marriott says it has no agreement for the site.
France faces spending demands as borrowing costs squeeze budget choices
Student protests and investor concern are pulling France’s budget choices in opposing directions. Treasury records show borrowing continues, while economists differ over the...
Ireland’s cruise season winds down as passenger demand grows
Dublin’s season has ended and Cork expects its final calls, while industry figures and Carnival’s accounts show how passenger demand and onboard purchases support the cruise...
NS&I savings bonds reach 5.17% as competition grows
NS&I raised its fixed-term bond rates on 6 October. Fresh reporting compares rival offers, while withdrawal restrictions and deposit protection remain important differences.
Venezuela authorizes Starlink operation; customer launch details remain unclear
The regulator says approval covers formal satellite internet service nationwide, following emergency trials. Published announcements give no consumer prices or ordering timetable.
Boots takeover: What Wittington’s plans could mean for customers
The Weston family’s holding company has agreed to buy Boots. Store upgrades, online improvements and more healthcare services are planned, but the deal has yet to close.
Nuvacore seeks funding at roughly $2.5 billion valuation for data-center CPU
The six-month-old chip startup has no product yet, and the proposed funding round could change before it closes, Reuters reported.
Amazon names Aidan Marcuss to succeed Daniel Rausch at Alexa
Daniel Rausch will step away from Alexa in November, with Fire TV executive Aidan Marcuss taking over as Amazon prepares to ship its new tablets.
GTCR and Elliott in advanced talks to buy CCC, Bloomberg reports
The reported negotiations follow months of sale exploration at the insurance software provider. No final agreement or purchase price has been established.
Delta cuts profit outlook as fuel costs outweigh strong bookings
Delta lowered its full-year earnings forecast despite rising revenue and strong bookings, as the airline expects a $6 billion increase in annual fuel costs.
Anthropic model submitted false homicide tip to Philadelphia police
Police said Anthropic traced the submission to automated testing, stopped the process and added a validation check. The model and circumstances remain unidentified.
Euro heads for fifth weekly loss as oil rebounds and dollar gains
The euro traded near $1.12 as recovering oil prices, French fiscal concerns and US rate expectations weighed on markets. Earlier ECB analysis explains the exposure of...
AI campaign satire puts disclosure under scrutiny before US midterms
Fabricated candidate performances are drawing scrutiny ahead of November’s vote, while Wesleyan’s September assessment documents substantial advertising spending and gaps in AI...
Christian Bittar’s rate-rigging conviction quashed despite guilty plea
The Court of Appeal overturned the former Deutsche Bank trader’s conviction, extending the reversal of benchmark-rate prosecutions. Its detailed reasons are still awaited.