A Greek-flagged tanker repeatedly attacked by Yemen's Houthi rebels in the Red Sea remains ablaze but hasn't sprung a major oil leak in the waterway, a European Union naval command said Monday. The attack on the Sounion marks the most serious assault in weeks by the rebels, who continue to target shipping through the Red Sea corridor over the Israel-Hamas war in the Gaza Strip. Images published by the EU's Operation Aspides, whose mission is to protect shipping in the area, showed smoke rising from multiple points along the Sounion's deck and its bridge Sunday.
Bitcoin ETFs Log $250M Net Inflows, Highest Since July, After Rate Cut Signal at Jackson Hole
Trading volumes for the eleven ETFs crossed $3.12 billion to mark their highest level since July 19, SoSoValue data shows. BlackRock’s IBIT led trading activity and inflows at...
Muted German Business Confidence Points to Sluggish Economy
(Bloomberg) -- Germany’s business outlook held at its lowest level since February — highlighting the gloom once again engulfing Europe’s biggest economy after an early-year rebound fizzled out.Most Read from BloombergSydney Central Train Station Is Now an Architectural DestinationNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunHow the Cortiços of São Paulo Helped Shelter South America’s Largest CityWith Housing Costs High
Oil climbs amid fears of escalation in Mideast tensions, countdown to US rate cuts
SINGAPORE (Reuters) -Oil prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional oil supplies, while approaching U.S. interest rate cuts lifted the global economic and fuel demand outlook. Brent crude futures climbed 56 cents, or 0.7%, to $79.58 a barrel by 0615 GMT, while U.S. crude futures were at $75.40 a barrel, up 57 cents, or 0.75%. In one of the biggest clashes in more than 10 months of border warfare, Hezbollah fired hundreds of rockets and drones into Israel on Sunday, as Israel's military said it struck Lebanon with around 100 jets to thwart a larger attack.
AI Tokens Lead Crypto Market Ahead of Nvidia Earnings, Bitcoin Under $64K
Analysts polled by FactSet are expecting Nvidia to hit earnings of 65 cents per share, up 141% year-over-year.
Israel's economy is struggling. Economists say ending the war would help
In Haifa’s flea market, forlorn merchants polish their wares on empty streets. Nearly 11 months into the war with Hamas, Israel’s economy is struggling as the country's leaders grind ahead with an offensive in Gaza that shows no signs of ending and threatens to escalate into a wider conflict. Prime Minister Benjamin Netanyahu has tried to allay concerns by saying the economic damage is only temporary.
Hong Kong Regulator Finds 'Unsatisfactory Practices' at Some Crypto Entities Seeking Full License: Report
As many as 11 entities are applicants for a full license with the regulator.
Telegram Says It Is Compliant With EU Digital Services Act After Founder Pavel Durov's Arrest
The company says its CEO has nothing to hide as Toncoin's losses subside.
Its economy and infrastructure battered, can Lebanon afford a war with Israel?
The ferocious exchange of fire by Hezbollah and the Israeli military is raising fears of a regional war beyond the tense border. The risks for Lebanon are far greater than in 2006, when a monthlong war with Israel ended in a draw. Lebanon has struggled with years of political and economic crises that left it indebted, without a stable electricity supply, a proper banking system and with rampant poverty.
Oil Rises as Israeli Strikes on Lebanon Ratchet Tensions Higher
(Bloomberg) -- Oil advanced after an Israeli strike on Hezbollah targets in southern Lebanon raised tensions in the Middle East.Most Read from BloombergSydney Central Train Station Is Now an Architectural DestinationChicago Overcomes DNC Skeptics With Calm, Parties and SunNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherHow the Cortiços of São Paulo Helped Shelter South America’s Largest CityWith Housing Costs High, Democrats Hone YIMBY MessageGlobal benchmark Brent rose toward