Author: Press Room

onurdongel/E+ via Getty Images Oneok (NYSE:OKE) still considers the construction of a liquefied petroleum gas export terminal on the Gulf Coast as a high priority, even as it pursues shorter-term synergies created by its recent acquisition of Magellan Midstream Partners, company executives said on Wednesday’s post-earnings conference call. “The export dock isn’t further down the list,” Oneok (OKE) VP Sheridan Swords said during the call, as reported by the Oil Price Information System, “but it’s a much longer-term project vs. others in the synergy category.” Execs on the call said the Magellan acquisition will provide Oneok (OKE) with greater prospects…

CNN  —  Here’s a look at the life of Condoleezza Rice, former US secretary of state. Birth date: November 14, 1954 Birth place: Birmingham, Alabama Birth name: Condoleezza Rice Father: John Wesley Rice Jr., minister and dean Mother: Angelena (Ray) Rice, a high school teacher Education: University of Denver, B. A., 1974; University of Notre Dame, Master’s degree, 1975; University of Denver, Ph.D., 1981 Name is from the Italian “con dolcezza” meaning “with sweetness.” She enrolled in the University of Denver at the age of 15, and graduated Phi Beta Kappa with a B.A. at the age of 19. At…

The only cancer-treating hospital in Gaza was forced to halt services after it ran out of fuel.Israeli blockades have prevented critical supplies, like fuel and food, from entering Gaza. Thousands of cancer patients are at risk after the hospital’s closing and continuing airstrikes.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The only hospital treating cancer in the Gaza Strip has run out of fuel and cannot continue operating amid Israeli supply blockades.Subhi Skaik, the director of the Turkish-Palestinian Friendship Hospital said in a press…

Stay informed with free updatesSimply sign up to the Global Economy myFT Digest — delivered directly to your inbox.Good morning. The US, China and 26 other countries have agreed to work together to ensure artificial intelligence is used in a “human-centric, trustworthy and responsible” way, in the first global commitment of its kind.The pledge forms part of a communiqué signed by major powers at the inaugural AI Safety Summit. The two-day event began yesterday and is being hosted by British Prime Minister Rishi Sunak at Bletchley Park. Called the Bletchley Declaration, the document recognises the “potential for serious, even catastrophic,…

© Reuters. FILE PHOTO: A bus passes the Bank of England in the City of London, Britain, February 14, 2017. REUTERS/Hannah McKay/File Photo By William Schomberg LONDON (Reuters) – The Bank of England looks set to hold borrowing costs at a 15-year high on Thursday and signal that it does not plan to cut them anytime soon as it remains locked in a battle against the most elevated inflation rate among the world’s rich economies. Despite strain in the economy that some see as a sign of a recession starting, the BoE is expected to keep Bank Rate at 5.25%…

© Reuters. FILE PHOTO: A truck drives past bales of cotton in Luis Eduardo Magalhaes, Bahia state, Brazil September 11, 2018. REUTERS/Ricardo Moraes/File Photo By Ross Kerber (Reuters) – Swiss-based sustainability group Better Cotton said on Thursday it has added new functions to a platform that big retailers use to trace materials through their supply chains.     Better Cotton said retailers including Walmart (NYSE:) and Marks and Spencer will be able to tell where cotton was grown and traded, eventually to the level of individual farms. Currently the platform tracks only the total volume of cotton produced.     Jacky Broomhead, Better…

Jennifer Miranda/iStock via Getty Images Restaurant chains McDonald’s (NYSE:MCD) and Chipotle Mexican Grill (NYSE:CMG) anticipate raising prices next year in California in order to pass on some of the hit from the U.S. state’s recent minimum wage hike for fast food workers. In late September, California governor Gavin Newsom signed legislation that will raise the minimum wage for the state’s 500K fast food workers to $20/hour in April, 2024 from around $16/hour in 2022. Newsom at that time had said that the legislation was one step closer to “fairer wages, safer and healthier working conditions, and better training.” McDonald’s (MCD)…

Virginia erroneously purged almost 3,400 voters from the state’s rolls, election officials said in the run-up to statewide elections on Tuesday.The administration of Gov. Glenn Youngkin, a Republican, had previously said that about 270 voters had been mistakenly removed from the rolls because of an error in the state’s computer system. The state’s admission on Friday that the problem was an order of magnitude larger than previously disclosed drew outcry from voting rights groups and the state’s Democratic Party.“The lack of transparency here is troubling,” said Aaron Mukerjee, the voter protection director for the Democratic Party of Virginia, adding that…

Retirement savings limits are increasing.getty The IRS says that the amount you can sock away for retirement is going up. In 2024, individuals can contribute up to $23,000 to their 401(k) plans in 2024—up from $22,500 for 2023. And those playing catch-up get a boost, too: the catch-up contribution limit for employees aged 50 and over is an additional $7,500 for 2024. The announcement was tied to cost‑of‑living adjustments for pension plans and other retirement-related items for tax year 2024. Here’s a look at some of the most common: 401(k) Plans The $23,000 limit applies to employee contributions made to…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Disney has agreed to acquire the 33 per cent of Hulu that it does not own from rival Comcast, firing the starting gun on what is expected to be heated negotiations between the media giants over the valuation of the popular US streaming service.In a statement on Wednesday, Disney said it was prepared to pay $8.6bn by December 1 for the remaining stake, which would value Hulu at $27.5bn. But that is expected to be just the floor for upcoming negotiations over…