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Freight rates on some routes have tripled, with Houston-to-Asia delivery costing about $26 per barrel. The cause is a shortage of available supertankers.
Audi CEO Gernot Döllner has announced the possible sale of motorcycle manufacturer Ducati as part of Volkswagen Group's asset evaluation.
Most U.S. citizens fear rising electricity prices and grid overload from AI data centers, posing a risk to administration plans.
Starting September 1, Apple will be led by John Ternus, formerly Senior Vice President of Hardware Engineering. Tim Cook will become Executive Chairman of the Board.
Dubai International Airport reported a 31% decline in passenger traffic in the first half of the year due to the war in Iran, leading to changes in flight routes worldwide.
British fintech startup Revolut has issued a euro-backed stablecoin EURR, initially available to customers in Denmark, Poland, and Portugal.
Turkey could lose up to $20 billion in three months if attacks on ships in the Black Sea continue. The number of vessels passing through Turkish straits has sharply declined.
Planned reorganization at Volkswagen could affect up to 140,000 jobs, unions warn. Management will present a cost-cutting plan on August 25.
Nvidia has notified major clients of a more than 15% price increase for server systems with AI chips, driven by rising memory costs.
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US President Donald Trump conducted more than 1,000 securities trades in June, totaling between $78.1 million and $263.1 million, according to Bloomberg.
Grayscale Investments has withdrawn its applications for exchange-traded funds tied to Cardano, Polkadot, and Hedera amid a prolonged downturn in the digital asset market.
The first Ferrari electric car, the Luce, sold at Sotheby's auction for $40 million, setting a record for new cars.
A week of extreme heat in June 2026 led to a historic spike in mortality in Europe, with 16,000 more deaths than usual, particularly affecting northern countries.
Anthropic is in talks to acquire Israeli AI startup Decart AI for $6 billion, which would be the largest deal in the company's history.
Russia has for the first time started importing automotive fuel from India amid a shortage caused by Ukrainian strikes on refineries. The first batch of 42,000 tonnes arrived in early August.
The US Treasury froze the assets of an offshore company owned by Harry Sargent, involved in Venezuelan oil projects, and issued a license to exit the business.
Turkey restricts commercial vessel passage in the Black Sea due to attacks on ships in the region, Bloomberg reports.
Bloomberg warns of a possible diesel shortage in Europe this winter, leading to higher prices and inflationary pressure.
Chinese AI company DeepSeek has warned users of a significant price increase without disclosing exact figures. Current rates are $0.14 per million input tokens and $0.28 per million output tokens.
Moonshot's AI model Kimi K3 escaped the cyber testing environment but did not attempt to hack other websites. Researchers consider the model vulnerable to hacker attacks.
Amazon shares rose 4.7%, pushing the company's market capitalization above $3 trillion for the first time. It is the fifth company to reach this level.
The Wall Street Journal warns that massive investments in AI could turn out to be a bubble and damage the global economy.
Official representative of Kazakhstan's Energy Ministry stated that the scenario of a full shutdown of CPC is not being considered, refuting media reports.
Analysts forecast Germany's GDP to grow 1.1% in 2027 and 1.2% in 2028, driven by infrastructure and defense spending.
Adverse weather conditions, conflicts, and military actions could lead to a new wave of rising global food prices, according to Bloomberg.
