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☆ Britain will host AI summit at World War Two code-breaking centre
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

A piece of paper sits on the Colossus machine at Bletchley Park in Milton Keynes, Britain, September 15, 2016. REUTERS/Darren Staples/File Photo Acquire Licensing RightsLONDON, Aug 24 (Reuters) - Britain will host a global summit on artificial intelligence at the old home of Britain's World War Two codebreakers in November as Prime Minister Rishi Sunak pitches Britain as global leader in guarding the safety of the fast-developing technology. The summit will take place on Nov. 1 and 2 at Bletchley Park, the site in Milton Keynes where mathematician Alan Turing cracked Nazi Germany's Enigma code, the government said on Thursday. "The UK has long been home to the transformative technologies of the future, so there is no better place to host the first ever global AI safety summit than at Bletchley Park," Sunak said. Governments around the world are wrestling with how to control the potential negative consequences of AI without stifling innovation.

Persons: Darren Staples, Rishi Sunak, Alan Turing, Sunak, Joe Biden, Matt Clifford, Jonathan Black, Andrew MacAskill, Tomasz Janowski Organizations: REUTERS, Bletchley, Tech, European Union, Thomson Locations: Milton Keynes, Britain, Washington, Canada, France, Germany, Italy, Japan, United States, Hiroshima

☆ American Lyles delivers with 100m world gold
▼ + stars: | 2023-08-20 | by ( Mitch Phillips | ) www.reuters.com time to read: +3 min

Fourth-placed Oblique Seville of Jamaica was three thousandths of a second off the podium as all three men clocked 9.88. Tebogo, 20, is the first African to win a world 100m medal, while Hughes, the fastest in the world coming into the championships with 9.83, is the first Briton on the men's 100m podium since Darren Campbell took bronze 20 years ago. "I needed to make sure that I was accelerating and when I was at 60 metres I took the lead," Lyles said. The two-times world champion in the 200m will now go for the sprint double, last achieved by Usain Bolt in 2015, before hoping to sign off with a win in the sprint relay. Defending 100m world champion Fred Kerley of the U.S. failed to qualify for the final after running 10.02 in the semis.

Persons: Noah Lyles, Marton Monus, Hughes, Kerley, Briton Zharnel Hughes, Christian Coleman, Darren Campbell, Lyles, COVID, Usain Bolt, I's, Fred Kerley, Mitch Phillips, Toby Davis, Pritha Organizations: National Athletics Centre, Briton, Tokyo Olympics, Thomson Locations: Budapest, Hungary, U.S, BUDAPEST, Botswana, Seville, Jamaica, United States

The property industry globally, and office building owners in particular, are struggling as working from home and e-commerce lead tenants to reconsider floor space just as higher interest rates reduce building values and raise debt servicing costs. Dexus sold the 18-story A-Grade office for A$293.1 million ($188 million), a 16.3% discount to its December 2022 valuation, according to company filings. Quintessential Equity, an Australian property developer and investor, announced itself as the buyer on its website without elaborating. Dexus will own a A$50 million stake in the trust that will hold the property, it said in a statement. In June, Dexus sold another premium office building in Sydney's central business district for A$393.1 million, a near 17% discount to an independent valuation made in December.

Persons: Loren Elliott, Dexus, Darren Steinberg, Lewis Jackson, Rishav Chatterjee, Subhranshu Sahu, Rashmi Aich, Sam Holmes Organizations: REUTERS, Rights, Reuters, Equity, Thomson Locations: Sydney, New South Wales, Australia, Australian, Bengaluru

☆ Union fights grow US workers’ slice of profit pie
▼ + stars: | 2023-08-18 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

Strong demand for workers has given organized workers a stronger hand at the bargaining table. The United Steel Workers union has asserted itself aggressively in a bidding battle for U.S. Steel (X.N). Corporate profit is 30% above its pre-crisis high, at $2.7 trillion, according to the U.S. Bureau of Economic Analysis. With organized workers showing clout, they’ll be able to pull some more profit their way. Trucking company Yellow filed for Chapter 11 bankruptcy protection on Aug. 7 after halting operations the week prior.

Persons: Darren Hawkins, they’ll, . Steel, “, Carole Tome, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, U.S, Workers, Economic, United Parcel Service, United Steel Workers, U.S . Steel, UPS, Teamsters, U.S . Bureau, Reuters Graphics Reuters, ., Trucking, International Brotherhood of Teamsters, Thomson Locations: Cleveland, U.S

So far, at least 111 deaths have been confirmed in the wildfires, according to a release from Maui County. Names of other victims have been released by familiesFirefight continues : Crews are still battling the fires on Maui. “The people that were trying to put out these fires lived in those homes – 25 of our firefighters lost their homes,” Maui County Mayor Richard Bissen said Wednesday. “They watched their homes burn as they fought the fire for other homes in their neighborhood,” she explained. “That is a scar that we will carry for a very long time.”Sarah Salmonese sits where her apartment once stood in Lahaina, Hawaii, on Friday, August 11.

Persons: John Pelletier, ” Pelletier, ”, Pelletier, Josh Green, CNN’s Wolf, “, Brenda Keau, ” Keau, Jeff Hickman, CNN’s Kaitlan Collins, ” Hickman, Melva Benjamin, Virginia Dofa, Alfredo Galinato, Robert Dyckman, Buddy Jantoc, Benjamin, Crews, Brad Ventura, ” Biden, Herman Andaya, would’ve, Matthew A, Foster, Richard Bissen, Aina Kohler, I’ve, Kohler, “ It’s, Jonny Varona, They’re, Wade Ebersole, it’s, who’s, ” Ebersole, ” Sarah Salmonese, Go Nakamura, Jae C, Patrick T, Fallon, Rick Bowmer, Justin Sullivan, Lauren Haley, Bryan Anselm, Makalea Ahhee, Yuki Iwamura, Mike Blake, Max Whittaker, Zoltan Balogh, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Matthew Thayer, Bob Marshall, ” Marshall, Marshall, Jim Kelly, ” Kelly, ” Darren Pai Organizations: CNN, Maui Police, Authorities, Hawaii Gov, Hawaii Department of Defense, Fire, White House, Maui, Maui Emergency Management, Tuesday . U.S . Army National Guard, Staff, KITV, Maui Health, Maui Memorial Medical, New York Times, AP, FBI, Facility, Getty, AP Volunteers, Grace Baptist, Reuters, Volunteers, Los Angeles Times, Washington Post, Kahului Airport, Technologies, Kahului, AP Helicopters, Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Maui News, Whisker Labs, Maui Bird Conservation Center, The Washington, Hawaiian Electric, CNN Sunday Locations: Maui, Maui County, Hawaii, Lahaina, Tuesday ., ”, Lahaina , Hawaii, Wailuku, AFP, Kula , Hawaii, Kaanapali, Kula, Kihei, West Maui, Grace, Kahului, Napili, Honokowai, Honolulu, Maalaea, California, Las Vegas, Church, Lahaina Hongwanji, Makawao, Western Maui

☆ How a real Trump supporter unknowingly became the face of a fake liberal Twitter account
▼ + stars: | 2023-08-17 | by ( Jaide Timm-Garcia | Isabel Rosales | ) edition.cnn.com time to read: +7 min

CNN —Erica Marsh quickly rose to fame earlier this year as a viral left-wing voice on social media. But the face behind the account is real— and belongs to a Republican Trump voter from Florida. Ballesteros first heard about Erica Marsh in March, when her friends brought it to her attention. Mystery remains behind fake accountIt’s unclear exactly who, or what, was behind the Erica Marsh account, or for what purpose it was created. For Ballesteros, even though the Erica Marsh account is no longer active, she worries about the impact it could have on her personal life, particularly if someone recognizes her in public.

Persons: Erica Marsh, Matt Gaetz, “, Erica Marsh’s, Courtney Ballesteros, Ballesteros, ”, Darren Linvill, Hany Farid, Farid, ” Ballesteros, isn’t, CNN she’s, Donald Trump, Biden’s, Linvill, ” Linvill, ” Farid, “ We’re, we’ve, that’s Organizations: CNN, Twitter, Republican Trump, Republican, Media, Clemson University, UC Berkeley, Obama Foundation . Representatives, Russian Internet Research Agency, Facebook Locations: Florida, Ruskin , Florida, Tampa, spurts, United States

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why the U.S. is having so few roundaboutsResearch shows roundabouts reduce crashes, clear up congestion and can save cities money. But America has a fraction of the roundabouts that far smaller countries like France, Spain and the United Kingdom have. Some states are adopting them, and the small town of Carmel, Indiana, now leads European cities. So why haven't more U.S. cities done this? Are they are all they are cracked up to be?

Locations: America, France, Spain, United Kingdom, Carmel , Indiana

The new lawsuit, first obtained by NBC News, alleges that Hawaiian Electric helped set the stage for the monstrous wildfires last week. The plaintiffs allege years of inaction and negligence by the utility company, and argue that the firm should have had plans in place to shut down power systems before fierce winds blew across Hawaii. "Hawaiian Electric is not just responsible and they weren't just negligent," said Mikal Watts, a lead attorney on the case. Hawaiian Electric Company declined to comment on the pending lawsuits, saying that would violate an internal policy. Darren Pai, a spokesperson for the company, said Hawaiian Electric was aware of the allegations but remained focused on restoring power to Maui.

Persons: Mikal Watts, Darren Pai, Watts, Pai Organizations: NBC News, Electric, Hawaiian Electric Company, Hawaii Public Utilities Commission Locations: Lahaina , Hawaii, Hawaii, Maui, California, Lahaina

☆ U.K. Inflation Eases to 6.8% as Energy Prices Fall
▼ + stars: | 2023-08-16 | by ( Liz Alderman | More About Liz Alderman | ) www.nytimes.com time to read: +2 min

Behind the Numbers: Slowdown reflects falling energy prices. Inflation in Britain peaked in October at more than 11 percent, the highest rate in 30 years, after Russia’s war in Ukraine fanned a surge in energy and food prices. Officials in Britain and Europe’s largest economies have worked to tame high energy costs, which jumped after Russian gas supplies were cut off. Food prices in the U.K. rose 14.8 percent in July from a year earlier. Wages in Britain have been rising, as workers demand higher pay to offset rising prices and employers compete to fill jobs in a tight labor market.

Persons: it’s, Darren Morgan Organizations: National Statistics, Bank of England, The Bank of England Locations: Britain, Ukraine, Germany

☆ Premarket stocks: Does it matter whether the Federal Reserve hikes or pauses rates in September?
▼ + stars: | 2023-08-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —After the Federal Reserve raised interest rates in July to the highest level in 22 years, Wall Street’s focus is on whether September will bring another rate hike. But does it really matter whether the Fed raises or pauses rates next month? Before the Bell: Does it matter whether the Fed raises rates in September by another quarter point or holds steady instead? And, that earnings can grow even in an environment where interest rates are back to levels that they have been in for the past couple of decades. Year-over-year comparisons should improve, but I think investors want to see that.

Persons: Bell, Ed Yardeni, they’ve, Moody’s, they’re, We’ve, Fitch, CNN’s Kathleen Magramo, Women Jan Tinetti, Tinetti, Read, CNN’s Olesya Dmitracova, Darren Morgan, ”, Jonathan Moyes Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Employers, Traders, Yardeni, Women, Labour, Organisation for Economic Co, Development, Gross, National Statistics, Wealth Locations: New York, New Zealand

☆ Video shows a man stealing a taxi after being refused a ride by another one, sparking a 130mph police chase
▼ + stars: | 2023-08-12 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

A video shows the moment a thief stole a taxi from outside Gatwick Airport near London. Mohammed Ahmed had been denied a ride by a taxi when he saw another left unattended with the keys. He sparked a police chase and was "swerving in the road and reaching dangerously high speeds," police said. A video shows the moment a thief stole a taxi from an airport and sparked a 130mph police chase. The Sussex Police spokesman said they were alerted to the situation as Ahmed was driving dangerously, "swerving in the road and reaching dangerously high speeds."

Persons: Mohammed Ahmed, Ahmed, Det Insp Darren Lillywhite, NPAS, Warwickshire Police RPU Organizations: Gatwick Airport, Morning, British, Mercedes, Sussex Police, The Sussex Police, Warwickshire Police, Telegraph Locations: London

☆ UK economy: GDP records surprise growth in second quarter
▼ + stars: | 2023-08-11 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +2 min

London CNN —The UK economy grew in the three months to June 30, compared with the previous quarter, official data showed Friday. Unlike its G7 peers, the UK economy still has not returned to pre-pandemic levels of output. In the three years before Covid’s rapid spread in 2020, UK output expanded by an average of 0.5% per quarter. Survey data also suggests that Britain’s bout of feeble economic growth has continued beyond the second quarter. The preliminary reading of the Purchasing Managers’ Index for July showed hardly any growth in UK private sector output and the weakest rise in six months.

Persons: ”, Darren Morgan, Rishi Sunak Organizations: London CNN, Gross, National Statistics, Bank of England’s, Bank of England Locations: United Kingdom

CNN —With some of the world’s leading soccer players being tempted by the money on offer from Saudi Arabian soccer clubs, the Saudi Pro League’s (SPL) new Director of Football, Michael Emenalo, says the Gulf state is “disrupting the industry, but we are disrupting to enhance. We’re adding value to the industry.”The Saudi Pro League consists of 18 clubs, four of which are 75% owned by the Saudi Public Investment Fund (PIF) – one of the world’s top 10 sovereign wealth funds. Cristiano Ronaldo, N’golo Kanté, Riyad Mahrez and current Ballon d’Or holder Karim Benzema are just a few of players who have joined a variety of SPL clubs over the last few months. That’s true, but there is also a sensible, logical, thoughtful process to making the league better,” said the SPL’s new Director of Football. The new 2023/24 Saudi Pro League season begins on Friday, August 11, with Al-Ahli hosting Al-Hazm.

Persons: Michael Emenalo, Cristiano Ronaldo, N’golo, Riyad Mahrez, Ballon d’Or, Karim Benzema, Emenalo, Germain, Mbappé, Al Hilal’s, coy, ” Emenalo, Darren Lewis, “, that’s, he’s, Jurgen Klopp, Jordan Henderson, Fabinho, Al Ettifaq, Al Ittihad, ”, ” Michael Emenalo, Henderson, – it’s Organizations: CNN, Saudi Pro League’s, Football, Saudi Pro League, Saudi Public Investment Fund, Saudi, Al Hilal, Paris Saint, PSG, SPL, Liverpool, Saudi FA, Al Locations: Saudi Arabian, Gulf, France, Paris, Al Hilal, Saudi, Al, Liverpool, Turkey, Russia, Saudi Arabia, Mahrez, Ahli

☆ Jon Rahm’s ‘crazy’ request for the PGA Tour – a porta potty at every hole
▼ + stars: | 2023-08-09 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —Given the power to change anything on the PGA Tour, Jon Rahm says he would prioritize one addition above all others. “I know this is going to sound very stupid, but as simple as having a freaking porta potty on every hole. CNN has contacted the PGA Tour for comment on Rahm’s request. Thrilled with the nutritionists on hand at The Players Championship, Rahm wants to see them employed across more PGA Tour events, as well as expansions of on-site workout facilities. “I’ve had a good career so far, and only once I’ve been able to get multiple PGA Tour wins,” Rahm said.

Persons: Jon Rahm, It’s, “, I’ve, ”, Rahm, Sergio Garcia, Darren Clarke, Andrew Redington, Brooks Koepka, Koepka’s, “ I’ve, –, ” Rahm, Jon Super Organizations: CNN, PGA, K, Augusta, FedEx St, Jude Championship, TPC, FedEx Locations: Straffan, Kildare, Ireland, Memphis , Tennessee

☆ British water companies face $1 bln lawsuits over pollution - law firm
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +2 min

Environmental and water consultant Carolyn Roberts, who plans to bring the claims, says water companies would have faced penalties if they had properly reported pollution incidents. The firm said it will also be filing cases against five other companies – Thames Water, United Utilities, Anglian Water, Yorkshire Water and Northumbrian Water – in the coming months. Water companies have pushed back against the proposed claims, describing them as "highly speculative". A Thames Water spokesperson said the company was aware of the potential claim, which they said was without merit. Water companies have avoided being penalised by regulator Ofwat for "serial and serious under-reporting" of pollution incidents, she said in a statement.

Persons: Trent, Darren Staples, Carolyn Roberts, Roberts, Leigh Day, Severn, Sam Tobin, Bernadette Baum Organizations: REUTERS, Severn Trent, United Utilities, Yorkshire Water, Environment Agency, Water, Thomson Locations: Cropston, England, British, United, Water, Yorkshire, United States

☆ Trucking giant Yellow declares bankruptcy after nearly 100 years in business
▼ + stars: | 2023-08-07 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

Trucking giant Yellow declared bankruptcy and will shut down. The company received a $700 million loan from the federal government in 2020. Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide. The Chapter 11 bankruptcy, which was filed Sunday, comes just three years after Yellow received $700 million in pandemic-era loans from the federal government. The Teamsters supported the $700 million loan when it was first announced.

Persons: Darren Hawkins, Sean O'Brien, Yellow, Trump, Bruce Chan Organizations: Teamsters, Morning, Yellow Corp, New England Motor, Former, FedEx, ABF, YRC, Inc, Street, Central States Health, Welfare Fund, U.S, Bankruptcy, Treasury Department, Treasury, Defense Locations: U.S, Nashville , Tennessee, Delaware

New York/Hong Kong CNN —Yellow Corp., a US trucking company that was once dominant in its field, has filed for bankruptcy as it winds down the 99-year-old business. The Nashville-based logistics provider announced Sunday it had filed for Chapter 11 relief in the US Bankruptcy Court for the district of Delaware. “It is with profound disappointment that Yellow announces that it is closing after nearly 100 years in business,” CEO Darren Hawkins said in a statement. “Today, it is not common for someone to work at one company for 20, 30, or even 40 years, yet many at Yellow did. The filing comes more than a week after the trucking company halted operations, putting 30,000 people out of work.

Persons: Darren Hawkins, ” Organizations: Hong Kong CNN — Yellow Corp, Court, Teamsters Locations: New York, Hong Kong, Nashville, Delaware, “

☆ US trucking firm Yellow files for bankruptcy after loading up on debt
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Rebecca Cook/File PhotoAug 6 (Reuters) - U.S. trucking firm Yellow Corp (YELL.O) filed for Chapter 11 bankruptcy protection on Sunday, burdened with a heavy debt load after a series of mergers and following tense contract negotiations with the Teamsters Union. The bankruptcy filing in a Delaware court lists estimated assets and liabilities of $1 billion to $10 billion and creditors of more than 100,000. Yellow's bankruptcy filing comes after Teamsters Union said late last month that it was notified that the company was ceasing operations. The company has been in contentious negotiations with the union over an internal restructuring initiative meant to boost efficiency. Yellow, saddled with liabilities from its purchases of Roadway in 2003 and USF in 2005, reported total debt of $1.5 billion last year, according to Refinitiv data.

Persons: Rebecca Cook, Darren Hawkins, Yellow, Donald Trump, Dietrich Knauth, Priyamvada, Juby Babu, Siddharth Cavale, Lisa Baertlein, Sriraj Kalluvila, Dhanya Ann Thoppil Organizations: REUTERS, Yellow Corp, Teamsters Union, YRC, Walmart, Uber, Teamsters, USF, Thomson Locations: Detroit , Michigan, U.S, Delaware, Kansas, New York, Bengaluru, Los Angeles

☆ US Navy stealth destroyer Zumwalt's deck guns are basically useless, but it's on its way to get new hypersonic missile launchers
▼ + stars: | 2023-08-04 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +4 min

Destroyer USS Zumwalt has long had problems with its main deck guns, which don't have any ammunition. The Zumwalt is changing homeports to receive upgrades including a new hypersonic missile system. US Navy guided-missile destroyer USS Zumwalt arrives in Yokosuka for a port visit, September 26, 2022. Unlike China and Russia, the US does not currently have any hypersonic weapons systems deployed. True hypersonic weapons pose a new and potentially unstoppable threat due to their ability to maneuver unpredictably at these speeds.

Persons: Zumwalt, Seaman Darren Cordoviz, Michael Monsoor, Lyndon, Johnson Organizations: Service, US Navy, Ingalls Shipbuilding, Huntington Ingalls Industries, Navy, Systems, US, Army, CPS Locations: Wall, Silicon, San Diego , California, Pascagoula , Mississippi, Ingalls, Yokosuka, Hawaii, China, Russia, Virginia

☆ Mark Margolis, ‘Breaking Bad’ and ‘Better Call Saul’ actor, dead at 83
▼ + stars: | 2023-08-04 | by ( Marianne Garvey | ) edition.cnn.com time to read: +4 min

CNN —Mark Margolis, a veteran actor known for his performances on “Breaking Bad” and “Better Call Saul,” has died, his son, actor and Knitting Factory Entertainment CEO Morgan Margolis, told CNN in a statement. Margolis received an Emmy nomination in 2012 for portraying Hector “Tio” Salamanca in “Breaking Bad.” Tio, a fan-favorite character, was a former cartel enforcer who communicated using a brass bell attached to his wheelchair. The fact that he didn’t have any words was not an issue for me,” Margolis told Time in 2013 of the role. Insecure is probably the word.”Margolis joked about being known for his “Breaking Bad” bell-ringing skills when he was hired to be in a commercial for an Apple watch app. Later on Friday, Cranston posted a tribute to Margolis on Instagram, writing, “Mark Margolis was a really good actor and a lovely human being.

Persons: Mark Margolis, Saul, ”, Morgan Margolis, Margolis, Hector “ Tio ”, ” Tio, Tio, ” Margolis, “, Ventura, Oz, Darren Aronofsky, Stella Adler, ’, ’ ” Margolis, Vulture, Quasimodo, It’s, Saul ”, Jonathan Banks, Jacqueline, Cranston, Instagram, “ Mark Margolis, ” Cranston, ” Aronofsky Organizations: CNN, Knitting Factory Entertainment, Mount Sinai, Apple Locations: New York City, Hector “ Tio ” Salamanca, “, New Mexico, New York

☆ Oil on track for biggest monthly gains in over a year
▼ + stars: | 2023-07-31 | by ( ) www.cnbc.com time to read: +2 min

Oil prices hovered near three-month highs on Monday, set to post their biggest monthly gains in over a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply. Both are on track to close July with their biggest monthly gains since January 2022. "We still expect the extra 1 million bpd Saudi cut to last through September, and to be halved from October." "Firmer demand is driving a moderately larger deficit in H2 2023 than expected, averaging 1.8 million bpd, and a modest 0.6 million bpd deficit in 2024," it said. Exxon Mobil's CEO Darren Woods said the company expects record oil demand this year and next year, and that this may help boost energy prices in the second half of the year.

Persons: Brent, WTI, Goldman Sachs, Darren Woods, Baker Hughes Organizations: Brent, West Texas, Saudi, Exxon Locations: Shenzhen, China, Saudi Arabia, Saudi, India, United States, U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow EVs Are Disrupting Small Car Parts SuppliersCompanies that make parts for internal combustion engines are facing a harsh future. The switch to EVs means companies need different parts, and EV powertrains have thousands fewer components than ICE cars. Automakers are finding more efficient ways to build cars, and are making a greater share of parts in-house. Many suppliers are small, family owned firms that have been around for decades. But even the large publicly traded suppliers such as Bosch, Denso, American Axle, Magna and ZF are affected.

Organizations: Suppliers Companies, EV powertrains, Bosch

Secretary of State Antony Blinken said Saturday that the military coup in Niger jeopardized U.S. aid and security support worth hundreds of millions of dollars. The European Union also suspended security cooperation and financial support with Niger. Photo: Darren England/ShutterstockThe European Union on Saturday froze some of its aid to Niger, and the U.S. said its assistance was in jeopardy following this week’s coup in the West African country, which has been a close Western ally in the fight against Islamist militants and Russian encroachment in the region.

Persons: Antony Blinken, Darren England Organizations: Union, Saturday Locations: Niger, U.S, West

Bolstered by supply cuts from the OPEC+ alliance announced earlier this month, both oil benchmarks gained nearly 5% for the week - a fifth straight week of gains. The benchmarks are on track to gain over 13% for the month. In an interview on Friday, Exxon Mobil (XOM.N) chief Darren Woods said he expected record oil demand this year and next. On the supply side, U.S. oil rigs fell by one to 529 this week, their lowest since March 2022, energy services firm Baker Hughes (BKR.O) said on Friday. Saudi Arabia is expected to extend the voluntary oil output cut for another month to include September, five analysts said, to provide additional support for the oil market.

Persons: Brent, Phil Flynn, Jerome Powell's, Tamas Varga, Darren Woods, Baker Hughes, Stephanie Kelly, Natalie Grover, Laura Sanicola, Andrew Hayley, Deepa Babington, Kirsten Donovan Organizations: drillers, U.S . Federal Reserve, European Central Bank, U.S, West Texas, Price Futures, Federal, Exxon Mobil, Thomson Locations: France, Spain, China, OPEC, United States, U.S, Saudi, Saudi Arabia, New York, London, Washington, Beijing

☆ Exxon Mobil CEO Darren Woods: We're going to see record high oil demand this year
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods: We're going to see record high oil demand this yearExxon Mobil chairman and CEO Darren Woods joins 'Squawk Box' to discuss the company's quarterly earnings results, which posted an earnings miss but a beat on revenue, rest of the year outlook, and more.

Persons: Darren Woods Organizations: Exxon Mobil

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