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Saudi Arabia is expected to extend a voluntary oil output cut of 1 million barrels per day for another month to include September, five analysts said, to provide additional support for the oil market. In June, OPEC+ agreed on a broad deal to limit oil supply into 2024 and Saudi Arabia pledged an additional voluntary cut for July. On July 3, Saudi Arabia said it would extend the cut for another month to include August, adding that it could be extended further. Oil prices have found some support from evidence of tightening supplies and economic stimulus in China. Brent crude was trading at over $84 a barrel on Friday, after hitting the highest level since April on Thursday. «Given the tentative recovery, my guess is they continue the cut for one more month and then phase it out over three months — similar to what Saudi did in 2021,» said Gary Ross, founder of Black Gold Investors and a veteran OPEC watcher. The Saudi Energy Ministry did not respond to a request for comment.

Launched earlier this week Worldcoin distributes tokens to people "just for being a unique individual".

By Brenna Hughes Neghaiwi and Tom Sims

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By Giuseppe Fonte

OTTAWA (Reuters) — Canada's economy grew by 0.3% in May, in line with expectations, as demand for services overshadowed the impact of raging wildfires on the energy sector, Statistics Canada data showed on Friday.

According to an exclusive report from Reuters on Friday, BYD (SZ:002594), China's top automaker in terms of sales, has communicated to its joint venture partner, Megha Engineering and Infrastructures, that they will be putting on hold their intentions to invest $1 billion in constructing electric cars in India. The decision came about after their investment proposal underwent careful examination by authorities in New Delhi, as revealed by two individuals familiar with the matter.

WASHINGTON (Reuters) — U.S. labor costs increased less than expected in the second quarter as wage growth cooled a bit, offering a boost to the Federal Reserve in the fight against inflation.

Investing.com — ExxonMobil (NYSE:XOM) has reported lower-than-anticipated profit in the second quarter, as the largest U.S. oil major was hit by a decline in natural gas prices.

Nifty ended lower on Friday (July 28), extending losses into the second consecutive session, amid weak global cues. “Global shares paused for breath on Friday as investors digested monetary policy steps from Japan and inflation data on both sides of the Atlantic in the hope of more evidence to persuade central banks to end their rate hiking cycle," reported Reuters. As per media reports, the Bank of Japan has changed its approach to managing interest rates.

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India's largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal. The 2022/23 loss number of SoftBank-backed Ola Electric, which is preparing for an up to $700 million IPO, has not previously been reported or filed with Indian authorities, which allows time until September to file previous year's earnings. Ola declined to comment.

Also Read: The US Fed rate hike leads to volatility in markets as indices decline 0.6% Japanese markets declined, with the Nikkei falling over 2% to around 32,275. However, the Tokyo Stock Exchange's banking index rose on the prospect of a steeper yield curve, which would revive profit from lending.

hacking teams have been recently identified by Western intelligence agencies and cybersecurity groups. These groups are allegedly responsible for digital intrusion campaigns targeting government, military, corporations, and media organizations worldwide. While cybersecurity firms believe many of these teams are backed by the Chinese government, China's authorities have consistently denied any involvement in state-sponsored hacking. They assert that China is also a frequent target of cyberattacks and have referred to the U.S. as an «empire of hacking.» Here are some major hacking teams based out of China.

Omicron winter wave to cause disruption—the Delta variant killed a lot in Aug-Oct 2021. Plus don’t risk Long Covid." Speaking on the effective SARS-CoV-2 virus concentration in the last six months.

Reuters, this development comes at a time when streaming competitor Netflix has already begun notifying subscribers in over 100 countries that additional charges will apply for sharing the service with individuals outside their households. In India, the premium account of Disney Hotstar's streaming service currently permits logins on up to 10 devices, despite the website displaying a limit of four devices.

European Central Bank (ECB) raised interest rates by 25 basis points to 3.75%, its highest level since 2001. While in the US, data showed the world’s largest economy grew faster than expected in the April-June quarter this year, with the gross domestic product (GDP) growth at 2.4%, above the 1.8% forecast by economists polled by Reuters. “Rupee is expected to depreciate today amid strong rebound in dollar.

Meta Platforms executives are heavily focused on boosting retention on their new Twitter rival Threads, after the app lost more than half of its users in the weeks following its buzzy launch, CEO Mark Zuckerberg told employees on Thursday. Retention of users on the text-based app was better than executives had expected, though it was «not perfect,» said Zuckerberg, speaking at an internal company town hall, the audio of which was heard by Reuters.

Dow since 1987. The Nikkei newspaper reported the central bank will maintain its 0.5% cap for the 10-year government bond yield, but discuss allowing long-term interest rates to rise above that level by a certain degree. Reuters confirmed the central bank may make minor tweaks to extend the lifespan of its yield control policy.

(Reuters) — Aerospace and defense company L3Harris Technologies (NYSE:LHX) on Wednesday said it was informed that the U.S. Federal Trade Commission would not block its $4.7 billion deal for Aerojet Rocketdyne.

Reuters released a special report Thursday detailing an investigation into claims that Tesla (NASDAQ:TSLA) manipulated the dashboard displays in its electric vehicles to artificially enhance driving range projections. The report further explains the existence of a «Diversion Team» within the company to cancel range-related service appointments, leading to customer dissatisfaction and range anxiety.