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BP’s chief economist Spencer Dale has said. “Most of the consensus for next year is that oil demand will continue to grow. But many also point to strong growth in non-OPEC supply, with many of those scenarios suggesting the growth in non-OPEC supply will largely meet the growth in overall demand,” said Dale. “And that means the scope for OPEC to bring back production is likely to be relatively limited.” OPEC+, a grouping of nearly two dozen countries led by Saudi Arabia and Russia, has kept its production artificially low, keeping a record 5.8 million barrels per day of supply off the market. It plans to return these supplies to the market, starting October.

Sebi) has imposed a penalty of Rs 11 lakh on IIFL Securities after finding the company in violation of stock brokers' norms. Sebi conducted an inspection of IIFL Securities between August 18 and August 25, 2022 to look into various compliance requirements for the period beginning April 1, 2022 to July 31, 2022 and found certain alleged noncompliances of SEBI (Stock Broker) Regulations, 1992.

New York Federal Reserve, 28.4% of participants said they were looking for work, which is a rise from 19.4% one year ago and the highest percentage since March 2014. That covers both those who are currently unemployed and those who are employed but looking for new opportunities. Even though some economists are lowering their predictions of a recession, the results of the New York Fed's thrice-annual Survey of Consumer Expectations Labor Market Survey provide more proof that the U.S. economic outlook is becoming worse. Although it is still relatively low at 4.3%, the unemployment rate has increased from its 3.5% post-pandemic low. Also Read: Is Prince Andrew facing an unexpected relocation? Know King Charles’ next move

A signal from the Bitcoin derivatives market points to the growing risk of a “short squeeze” that can stoke sharp rallies in the largest digital asset, according to cryptocurrency specialist K33 Research.

The stepbrother of a former Goldman Sachs Group Inc. associate was sentenced to a year of probation for trading on inside tips taken from the investment bank and from Blackstone Inc. 

In half-year results published today (21 August), the £885m trust posted a net asset value total return of 13.1% and share price total return of 11%, against the 7.4% gain recorded by the FTSE All-Share index. Temple Bar's chair Richard Wyatt said the results reflect «strong stock selection» in market conditions that have been «supportive» of the portfolio managers' value investing approach. The outperformance enjoyed by the trust came on the back of solid gains made by its positions in NatWest Group, Barclays, ITV and Anglo American, as well as in the Dutch insurer NN Group, with all...

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Nagpada area of Mumbai on Wednesday, police said. The police further said that the accused had been identified as Zubair Shah. «A case of molestation of an 8-year-old girl was registered in the Nagpada area of Mumbai. An earring seller molested the girl. The accused touched the girl inappropriately. Mumbai's Nagpada Police has arrested Zubair Shah who was selling earrings,» Nagpada police said. «Case registered under POCSO Act. Further investigation underway,» police added.

SINGAPORE—China’s internet giants are betting billions on incubating the country’s OpenAI challengers, with Alibaba Group and Tencent leading the charge. Since 2023, investors—including the country’s biggest tech companies—have valued at least six China-based startups developing large language models at more than $1 billion each.

lawsuit by Google Chrome users who said the company collected their personal information without permission, after they chose not to synchronize their browsers with their Google accounts. The 9th US Circuit Court of Appeals in San Francisco said the lower court judge who dismissed the proposed class action should have assessed whether reasonable Chrome users consented to letting Google collect their data when they browsed online. Tuesday's 3-0 decision followed Google's agreement last year to destroy billions of records to settle a lawsuit claiming the Alphabet unit tracked people who thought they were browsing privately, including in Chrome's «Incognito» mode.

U.S. stocks climbed, and Wall Street pulled closer to its record heights following its roller coaster of a summer

U.S. stocks are hanging near their record levels following their eight-day winning streak

RAWALPINDI: Bangladesh is pinning its hopes on all-rounder and former lawmaker Shakib Al Hasan to «do something special» against pace-heavy Pakistan in the opening test of the two-match series, starting Wednesday. "(Shakib) played this game for so long, so he knows his role," Bangladesh captain Najmul Hossain Shanto said on the eve of the first test match at Rawalpindi Cricket Stadium. «He knows how to prepare himself, so I am not thinking about his political career and I hope he will do something special in this series. He's a professional cricketer and we all treat him as a cricketer, to be very honest.»

To be visited during the summer of “overtourism” in 2024 means traffic jams, water problems and high housing prices

Sexual harassment complaints recorded across some of India's largest companies showed a sharp increase in FY24, underscoring the rapid emergence of a culture of improving corporate disclosures. There has been a 40.4% increase in number of complaints of sexual harassment (up by 268) filed during last fiscal, shows latest data from BSE 30 companies put together for ET by Complykaro, which advises companies on PoSH compliance. A total of 932 sexual harassment complaints were reported across BSE 30 companies in FY24, up from 664 in FY23, shows the data.

Gold pared gains after hitting another record as traders look ahead to a speech by Federal Reserve Chair Jerome Powell later this week.

comprehensive strategic partnership following talks between PM Narendra Modi and his Malaysian counterpart Anwar Ibrahim here. The two sides inked a number of pacts, including one on employment and repatriation of workers and another on boosting cooperation in digital technologies. The bigger focus of the talks was to expand trade and investment and explore cooperation in new and emerging areas.

Calcutta High Court order asking adolescent girls to «control their sexual urges». Setting aside the October 18, 2023, judgment, a bench of justices Abhay Oka and Ujjal Bhuyan said it had restored the conviction of the accused under the Pocso Act and Indian Penal Code. The apex court had initiated a suo motu petition «due to sweeping observations/findings recorded by the division bench of Calcutta High Court» in the ruling. The top court had also opined that the comments made by the high court were sweeping, objectionable, irrelevant, preachy and unwarranted.

Congress president Mallikarjun Kharge and Leader of the Opposition in the Lok Sabha Rahul Gandhi are scheduled to visit Jammu and Srinagar on August 21-22 and are likely to meet some INDIA bloc leaders for possible pre-poll alliances. The visit assumes significance as both Congress and National Conference (NC) have expressed inclination for a strategic 'pre-poll alliance', especially in Jammu division, where the BJP is claiming that it will get a majority of the seats. NC leader and former J&K chief minister Omar Abdullah recently said that they were in touch with the Congress top leadership and the newly-appointed J&K Congress president Tariq Hameed Karra is also on record saying that they were open to talks with «like-minded parties» to weave a «respectable alliance» ahead of the assembly polls.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Gold prices saw the sharpest gain in the past one month and rallied by Rs 1,400 to touch Rs 74,150 per 10 grams in the local market on Tuesday, amid strong global cues. The precious metal had closed at Rs 72,750 per 10 grams in the previous session on Friday. Silver price also climbed by Rs 3,150 to Rs 87,150 per kilogram from Rs 84,000 per kg in the previous close.