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Big Oil Puts Debt Reduction Ahead of New Investments
Major oil companies posted strong third-quarter profits but are prioritizing debt reduction and stock buybacks over new capital investments, signaling caution about long-term industry prospects.
Iran War Doubles Egypt’s LNG Bill as Gas Output Keeps Falling
Egypt’s LNG import costs have doubled due to regional conflict, prompting the country to defer cargoes and substitute fuel oil as domestic gas production continues declining.
Q&A: Why a pivotal IPCC meeting in Ethiopia ended in ‘profound disappointment’
Nations failed for the sixth time to agree on a timeline for publishing the IPCC’s seventh assessment report, with divisions between countries seeking alignment with a 2028 UN climate stocktake and those advocating for later publication dates.
Revealed: Expensive gas behind ‘nearly 90%’ of rise in UK electricity bills
New analysis reveals wholesale gas costs drove nearly 90% of UK electricity bill increases since 2020, contradicting claims that net-zero targets are responsible for high energy bills.
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South Korea may cap leveraged ETF investments for retail investors, media reports say
South Korea’s financial regulator said authorities would consider capping single-stock leveraged ETF investments for retail investors, following recent moves to curb demand for these products.
RingCentral (RNG) Soars to New High as 67% Higher Dividend Payout Looms
RingCentral stock climbed to a new four-year high as the company announced a 67 percent increase in dividend payouts following strong second-quarter earnings results.
Stock market today: Dow, S&P 500, Nasdaq futures steady in countdown to Fed decision, AI earnings test
US stock futures remained steady as markets awaited the Federal Reserve’s policy decision and earnings from major AI-focused technology companies amid Middle East tensions.
Bunge beats second-quarter profit estimates on strong processing margins
Bunge topped second-quarter profit estimates and raised full-year guidance, benefiting from strong soybean and softseed processing margins amid rising commodity prices.
Apple set for strongest June-quarter sales growth in 5 years
Apple’s decision to maintain iPhone prices while raising costs elsewhere positions the company for its strongest June-quarter sales growth in five years, though investors question how long the strategy can hold.
Morning Bid: US profit growth mushrooms
U.S. corporate profit growth estimates for the second quarter surged to 39%, while markets awaited major tech earnings and a Federal Reserve policy decision amid mixed signals from global developments.
‘It’s not cricket’: cheating row as ‘Clicky Ponting’ appears to dupe umpire
A cheating scandal has erupted in English club cricket after footage showed a fielder allegedly clicking his fingers to trick an umpire, sparking widespread debate and a league investigation.
Moore stays ice cool on Scandinavia to lift Goodwood Cup after loose horse drama
Scandinavia won the Group One Goodwood Cup by eight and a half lengths, but the result was overshadowed by a riderless horse leading much of the race and disrupting the competition.
The Tigers are playing themselves out of contention and into a Tarik Skubal trade
The Tigers face a trade deadline decision on Tarik Skubal, a two-time AL Cy Young winner, as their playoff hopes have dimmed following recent losses despite a June surge.
The Hundred: Smriti Mandhana magic fires Manchester Super Giants to victory over SunRisers Leeds at Headingley
Smriti Mandhana scored an unbeaten 88 to lead Manchester Super Giants to a four-wicket victory over SunRisers Leeds, preserving their unbeaten record in The Hundred.
How Buccaneers opened training camp on worst foot possible with cloud of uncertainty
The Buccaneers opened training camp amid contract disputes with star defensive lineman Vita Vea and quarterback Baker Mayfield, creating uncertainty for a team already dealing with coaching concerns and recent departures of franchise legends.
‘My fingers were underwater’: Amy Hunt settles for 100m silver in torrid conditions
Amy Hunt won silver in the women’s 100m at the Commonwealth Games in Glasgow, finishing in 10.98 seconds behind New Zealand’s Zoe Hobbs, who set a personal best of 10.93.