News Powered By AI
News Powered By AI
Major oil companies reported record or near-record quarterly profits as Middle East conflicts disrupted crude supplies, prompting calls from lawmakers for windfall taxes on the industry.
Adani’s Queensland coalmine generated nearly $1 billion in revenue but paid no company tax by offsetting earnings with production and logistics expenses, raising questions about foreign entity tax structures.
An ECB official warned that climate change and ecosystem collapse pose growing threats to financial stability, as the central bank intensifies monitoring of nature-related risks to European banks.
Rising demand for whey protein from fitness trends and weight-loss medications could drive up infant formula prices, with costs already increasing 4.8% annually, experts warn.
AI tokens, the standard units measuring AI usage, could become as fundamental to the AI economy as kilowatt-hours are to electricity. Economists are using token data to track AI adoption and its market impact.
The Federal Reserve maintained interest rates steady in a divided 9-3 vote, with three members dissenting in favor of a rate increase amid persistent inflation concerns and pressure from the White House.
