War Financial News

The sale will be allocated in increments of 100,000 barrels at a time.

Sustained Russian attacks on Ukraine’s power grid in recent weeks have forced leaders of the war-ravaged country to institute nationwide rolling blackouts

Ali Abbasi, Sebastian Stan, Martin Donovan and Maria Bakalova walked the Cannes red carpet for the premiere of 'The Apprentice', a political drama, based on the life of former US President Donald Trump, who is gearing up to contest the 2024 US Presidential Election. After the film premiered at the 77th Cannes Film Festival, it received a wild standing ovation for almost eight minutes. Stan received the loudest applause for his transformative performance as Trump. The audience cheered and clapped for long. Director Abbasi warmly hugged his cast members. Cate Blanchett, sitting just in front of the director and crew, jumped up and applauded, and embraced Bakalova.

Alibaba's cloud division announced substantial price cuts, slashing costs by up to 97 percent on various Tongyi Qwen LLMs. For example, the Qwen-Long model's price dropped to just 0.0005 yuan per 1,000 tokens, a significant reduction from the previous rate of 0.02 yuan per 1,000 tokens. Baidu quickly followed suit, declaring that its Ernie Speed and Ernie Lite models would be available at no cost for all business users, just hours after Alibaba's announcement.

Intel has announced a release window for its Lunar Lake laptop processors. It is set to debut in the third quarter of this year itself. These new x86 chips are specifically designed to enhance the AI capabilities in Copilot Plus PCs.

“This is 1938," historian Timothy Snyder said at a weekend conference in Estonia. He warned that a Ukrainian defeat would shift the calendar to 1939. Many Americans still don’t fully grasp how serious the international situation has become.

Kosovo police have closed six branches of a Serbia-licensed bank in line with the decision on the ban of the use of the Serbian dinar currency in the country

In his final speech as deputy governor at a Bank of England event yesterday (20 May), he argued the large inflationary shocks brought by the pandemic and the war in Ukraine are now over, with economic data stabilising over the last year or so. Bank of England mirrors Federal Reserve and holds interest rates As such, he argued if data follow the current forecasts, the BoE is likely to begin cutting rates at some point over the summer. «Whatever the priors of its individual members, the MPC will continue to learn from the incoming data and, if things continue to evolve with its forec...

India's Russian oil imports rose a nine-month high in April after shipments on non-sanctioned tankers operated by Russia's largest shipping company Sovcomflot resumed, tanker data obtained from shipping and trade sources showed. Refiners in India briefly stopped importing Russian oil in tankers belonging to Sovcomflot after the company's ships, along with its 14 tankers, were designated by Washington in February as being in breach of Western sanctions. The West has imposed the sanctions against Russia since it invaded Ukraine in 2022 and has enacted price caps on oil and oil products loaded at Russian ports aimed at cutting Moscow's oil revenue that funds the war.

Graduate students at the University of California, Santa Cruz walked off their jobs and went on strike Monday, the first campus to do so as part of a systemwide protest against a public university they say has violated the speech rights of pro-Palestinian advocates. United Auto Workers Local 4811 represents 48,000 graduate students who work as teaching assistants, tutors, researchers and other academic employees on the 10-campus UC system. Organizers said the campuses will not strike all at once, opting instead for rolling strikes, to protest the arrests and forcible ejection by police of union members who participated in demonstrations calling for an end to the war in Gaza.

Russia to halt its military invasion of Ukraine, China is supporting its ally as fully as it can without triggering Western sanctions. The farewell hug between the autocratic leaders of the respective nations — Chairman Xi Jinping and President Vladimir Putin — made a mockery of China's profession of being a neutral party. In his first overseas trip after commencing his fifth term in power, Putin visited China on 16-17 May. The occasion marked the 75th anniversary of diplomatic relations between the two countries, and a 7,000-word joint statement enthused that «Russian- Chinese relations stand the test of rapid changes in the world, demonstrating strength and stability, and are experiencing the best period in their history». Beijing previously declared a «no-limits strategic partnership» with Moscow, and the state visit reinforced the closeness between the two regimes. Instead of urging an end to the war, Xi embraced the Russian strongman and issued assurances of undying support. The joint statement noted the nations would «further deepen mutual military trust and cooperation». This includes expansion of military exercises, regular maritime and air patrols, and strengthening bilateral and multilateral coordination.

Amal Clooney helped the International Criminal Court weigh evidence that led to the decision to seek arrest warrants for top Israeli and Hamas leaders, the human rights lawyer said Monday. The high-profile British-Lebanese barrister posted a statement on the website of the Clooney Foundation for Justice, which she founded with her husband, American actor George Clooney.

France said late Monday it supported the independence of the International Criminal Court, whose prosecutor has requested arrest warrants for leaders from Israel, including Prime Minister Benjamin Netanyahu, and the Islamist movement Hamas. «France supports the International Criminal Court, its independence, and the fight against impunity in all situations,» its foreign ministry said in a statement.

Iran’s president, some clarity is emerging about Tehran’s next steps. The bad news for western capitals and those Iranian activists pushing for change is that there’s little hope of a relaxation of political oppression, or of the antagonism directed at the US and its allies, according to western officials. They see the authoritarian regime as robust enough to carry on its current trajectory after Ebrahim Raisi’s death in a helicopter crash.

Netanyahu and the Palestinian militant group Hamas have strongly condemned the International Criminal Court's (ICC) decision to seek arrest warrants for their leaders over alleged war crimes committed during the recent conflict. ICC prosecutor Karim Khan's request targets Netanyahu and Defense Minister Yoav Gallant from Israel, as well as Hamas leaders Ismail Haniyeh and Yahya Sinwar. Israel has strongly criticized the International Criminal Court's (ICC) decision to seek arrest warrants for Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant. The Israeli government labeled the allegations as a «historical disgrace,» according to a report by AFP.

US President Joe Biden denied Monday that Israel's war in Gaza was genocide, as he slammed an «outrageous» request by the International Criminal Court's prosecutor for an arrest warrant for Israeli leaders. «What's happening is not genocide,» Biden told a Jewish American Heritage Month event at the White House as he discussed the conflict sparked by Hamas's October 7 attack on Israel.

raised tension with neighboring Serbia. A police statement said they closed the branches of the Postal Savings Bank, following a request from financial institutions on their illegitimacy and based on an authorization from the prosecutor’s office. Starting on Feb.

Cars lined up around the block at a Sunoco station in Pittsburgh, Pennsylvania for $2.38 per gallon gas during an Americans for Prosperity event highlighting how inflation has impacted gas prices. (Credit: Americans for Prosperity)

Star Wars' will soon show a Jedi romance between two major characters, Avar Kriss and Elzar Mann, reports 'Screen Rant'. 'Star Wars: The High Republic' book 'Temptation of the Force' will make more revelations soon. Talking to 'StarWars.com' after her novel's official cover was revealed, author Tessa Gratton said, «I couldn't be more thrilled for readers to get their hands on Temptation of the Force. It's my last book for Phase III, which means it's my final chance to put my mark on the main storytelling.»

Ebrahim Raisi, Foreign Minister Hossein Amir-Abdollahian, and other officials, were found dead at the site of a helicopter crash on Monday, following an hours-long search through a foggy, mountainous area in the northwest of the country, state media reported. Newswire AP reported that Raisi has long been regarded as a protégé of Iran's supreme leader, Ayatollah Ali Khamenei, and a potential successor within the country's Shiite theocracy. The news of the helicopter crash, which Iran's state media referred to as a “hard landing" on Sunday, has drawn renewed attention to Raisi, who was under sanctions from the US and other countries for his alleged role in the mass execution of prisoners in 1988.

The stock exchange announcement on Thursday (16 May) follows the firm's statement on 9 May that its latest $1.25 per share offer for the trust would not be increased upon. Concord's decision followed an increased bid by Blackstone of $1.30 per share in late April, valuing the fund at more than $1.57bn, which was unanimously recommended by the board to shareholders.  Concord sticks with $1.51bn offer for Hipgnosis Songs Fund The bidding war for SONG began in mid-April when Concord, through the Apollo-backed Concord Chorus, launched an opening bid of $1.40bn, or $1.16 per share for t...