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Saudi Arabia pledges to restore production after drone attacks

Saudi Arabia pledges to restore production after drone attacks

Saudi Arabia‘s pledge to fully restore crude production by the end of the month has prompted a flurry of oil market forecasters to reconsider their price projections. “The oil market is facing challenging times,” Carsten Fritsch, energy analyst at Commerzbank, said in a research note published Wednesday. “Recent attacks on oil facilities in Saudi Arabia […]

stocks in focus as investors await Fed rate decision

stocks in focus as investors await Fed rate decision

European stocks opened slightly lower Wednesday morning, amid investor caution ahead of an expected U.S. interest rate cut. The pan-European Stoxx 600 was down around 0.1% shortly after the opening bell, with most sectors and major bourses in negative territory. European Markets: FTSE, GDAXI, FCHI, IBEX Market focus is largely attuned to the U.S. central […]

EU countries resist changes to fiscal rules despite Draghi’s call

EU countries resist changes to fiscal rules despite Draghi’s call

Portuguese Finance Minister and Eurogroup President Mario Centeno rings the bell at the start of a meeting of Eurogroup Finance Ministers. FRANCOIS WALSCHAERTS | AFP | Getty Images EU nations are at odds on how to change rules on government spending in the 28-member bloc — an impasse that could potentially halt plans to revive […]

Data breach leaks personal information for millions of citizens

Data breach leaks personal information for millions of citizens

Quito, Ecuador Gabrielle and Michel Therin-Weise | Getty Images An unprecedented national data breach has seen detailed information of potentially every person in Ecuador leaked online, it has been revealed. More than 20 million people, including about 7 million children, had their data exposed by an unsecured server run by an Ecuadorian marketing and analytics […]

Spain closer to new election as Pedro Sanchez lacks enough support

Spain closer to new election as Pedro Sanchez lacks enough support

Pedro Sanchez (2nd from right), Prime Minister of Spain and candidate of the Socialist Party (PSOE), cheers with his wife Begonia Gomez (2nd from left) to his supporters on election night. picture alliance | picture alliance | Getty Images Spain is gearing up for its fourth election in four years after almost six months of […]

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