Author: Press Room

© Reuters. Oil prices have continued to slide as the market anticipates the upcoming OPEC+ meeting scheduled for Thursday. The assembly, which was initially set for the previous Sunday, was postponed due to disagreements among member countries over production targets. Despite a significant reduction in output by OPEC+ nations, has dipped below $80 per barrel. Ahead of the rescheduled summit, the oil market has seen a mix of developments. The U.S Energy Information Administration reported an unexpected increase in domestic oil inventories, while U.S production remained at a peak rate. These factors, combined with the OPEC+ output cutbacks, have led…

Justin Sullivan Update 1:50pm: Adds Amazon comment. iRobot (NASDAQ:IRBT) quickly dropped 20% amid a warning from the European Union that it’s concerned about the robot vacuum maker’s $1.4 billion sale to Amazon (NASDAQ:AMZN). “The European Commission has informed Amazon of its preliminary view that its proposed acquisition of iRobot may restrict competition in the market for robot vacuum cleaners (‘RVCs’),” the EC said in a statement on Monday concerng the regulator’s statement of objections over the transaction. The EC now has until Feb. 14 to make a final decision on the deal. The statement comes after a Reuters report on…

Dalton, Ga., was once known as the carpet capital of the country. Economic diversification meant branching out from wall-to-wall to hardwood flooring. Now, at Qcells, a solar panel company, robots patrol acres of shop floor where delicate solar cells are packaged, laminated and boxed into sophisticated panels — almost 30,000 a day at peak production — in a highly automated production line.The company built a massive factory in Georgia — one of the most crucial states in the 2024 presidential election — and has another in the works. Both plants will employ thousands of people, underwritten by President Biden’s signature…

When you buy through our links, Insider may earn an affiliate commission. Learn more Cyber Monday is well underway, and we’ve found dozens of fantastic gaming deals, including accessories, headsets, and more. But the most popular gaming deals this year have been console bundles — and if you’ve been waiting to buy a Nintendo Switch, this bundle is the best way to do it.This year, Nintendo is offering a fantastic Cyber Monday deal that includes a Nintendo Switch OLED console with a limited edition Joy-Con design, a digital copy of Super Smash Bros. Ultimate, and three free months of Nintendo…

Refund Policy signgetty The cancellation and refund process can feel like a labyrinth regarding travel reservations and other purchases. Whether it’s a hotel reservation, a flight booking, or any additional purchase, the timeline for receiving your money back can vary widely. Individuals have long been ensnared in a cycle where companies benefit from interest earned on withheld funds, perpetuating a system that inherently disadvantages consumers. For example, In 2020, the SaS airline came under fire for withholding customer refunds. A critical juncture has arrived, signaling the need for a paradigm shift, a departure from intricate refund practices, and a renewed…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a former president of Imperial College London During my time at Imperial College London, Stanford, MIT and Pennsylvania’s Lehigh, I have seen the positive impact of the work done by some of the greatest researchers in the world and how it can improve people’s lives. But the benefits of such work came into starker view for me when I was diagnosed with pancreatic cancer in 2021.Under-investment in research on this disease has contributed to a shocking survival rate. Sadly, there…

© Reuters. FILE PHOTO: A trader works as a screen displays the trading information for BlackRock on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2022. REUTERS/Brendan McDermid/File Photo (Reuters) – BlackRock (NYSE:) Investment Institute on Monday cut its rating on developed market equities to “neutral”, after being “overweight” since the end of pandemic lockdowns in Western nations, due to attractive valuations. The institute, an arm of the world’s largest asset manager, said it had also turned more positive on the prospects of developed market short- and medium-term sovereign bonds after a…

© Reuters. FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June By Dan Williams and Howard Goller JERUSALEM (Reuters) -Elon Musk, the social media mogul assailed for his endorsement of an anti-Jewish post, toured the site of the Hamas assault on Israel on Monday and declared his commitment to do whatever was necessary to stop the spread of hatred. Musk, the owner of the X platform, Tesla (NASDAQ:) and…

© Reuters. FILE PHOTO: Alberta Premier Danielle Smith looks on at the Premier’s Stampede Breakfast during the annual 10-day Calgary Stampede rodeo and exhibition in Calgary, Alberta, Canada July 10, 2023. REUTERS/Todd Korol/File Photo (Reuters) – Alberta’s conservative Premier Danielle Smith has said she will put the Canadian province’s Sovereignty Act into motion on Monday to challenge the federal government’s requirement for a net-zero electricity grid by 2035. Smith’s United Conservative Party government plans to introduce a resolution in the provincial legislature, marking the first use of one of her signature laws enacted last year. The law is an effort…

da-kuk Digital asset investment funds saw net inflows of $346M last week, the largest amount this year, fueled by growing anticipation for U.S. approval of a spot bitcoin (BTC-USD) exchange-traded fund, CoinShares reported Monday. The inflows for the week ended Nov. 24 marks the largest amount in what’s so far been nine straight weeks of inflows, the report said. “This run, spurred by anticipation of a spot-based ETF launch in the US, is the largest since the bull market in late-2021.” Of course, funds tracking bitcoin (BTC-USD) dominated last week’s inflows, attracting $312M. Short-bitcoin funds, meantime, saw a third week…