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Oil Prices Set for Fourth Consecutive Weekly Gain Amid Robust Demand and Supply Concerns
U.S. crude oil prices remained steady on Friday, poised to secure a fourth consecutive weekly gain driven by robust demand and tightening supply conditions. This trend underscores the persistent bullish sentiment in the market as analysts forecast a tighter oil market for the third quarter, bolstered by rising summer fuel demand and ongoing supply constraints.
China Ramps Up Pressure on EU with Brandy Investigation as EV Tariffs Kick In
China intensified its trade dispute with the European Union (EU) on Friday by announcing a hearing into European brandy imports, just as the EU's provisional tariffs on Chinese-made electric vehicles (EVs) came into effect. This development marks another chapter in the escalating tensions between the two economic giants, each grappling with the other's trade policies and protectionist measures.
Bitcoin Falls Below $55,000 as Mt. Gox Begins Creditor Repayments
Bitcoin experienced a significant slump, reaching a five-month low under $55,000, following the announcement from the defunct cryptocurrency exchange Mt. Gox that it had commenced repayments to creditors. The news sent ripples through the market, triggering one of the largest liquidation events of the year.
U.S. Economy Adds Jobs in June Amid Rising Unemployment Rate: Federal Reserve's Next Move Under Scrutiny
In a mixed signal for the U.S. economy, the Labor Department reported Friday that nonfarm payrolls increased by 206,000 in June, surpassing the Dow Jones forecast of 200,000 but falling short of May's downwardly revised gain of 218,000. At the same time, the unemployment rate unexpectedly climbed to 4.1%, its highest level since October 2021, complicating the Federal Reserve's decision-making on monetary policy.
Keir Starmer Takes Helm as UK Prime Minister After Labour Party Landslide Victory
Keir Starmer has officially become the new Prime Minister of the United Kingdom following a historic victory for the Labour Party in the general election. The Labour Party's resounding win brings an end to the Conservative Party's long-standing dominance and signals a dramatic shift in British politics. Starmer, who took the helm of the Labour Party in 2020, met with King Charles III on Friday, who authorized him to form a new government.
Ben Affleck In 'Shocking Spiral' Amid 'Tense' Negotiation With Divorce Lawyers While Jennifer Lopez Explores Europe, Tabloid Claims
Amid allegations that Ben Affleck and Jennifer Lopez were going through a divorce, people around the actor have allegedly become concerned about him.
Rishi Sunak Faces Devastating Defeat as Keir Starmer's Labour Achieves Historic Win, Early Results Show
Keir Starmer's Labour Party is poised for a resounding victory in the UK general elections, marking a significant shift in British politics. Prime Minister Rishi Sunak's Conservative Party faces a substantial setback, as early results indicate a landslide win for Labour. This outcome reflects a seismic realignment in the political landscape, with the Conservative Party struggling to maintain its footing.
Gunman Killed in Yellowstone National Park Shootout, Ranger Injured
A deadly confrontation erupted in Yellowstone National Park's Canyon Village on the morning of July 4th, resulting in the death of an armed suspect and injury to a park ranger. The National Park Service (NPS) reported that the incident began when park authorities received a report of an individual brandishing a firearm and making threats in the central area of the park.
Kate Middleton, Princess of Wales, Is 'A Fighter for Herself, Her Family and Her Country'
The princess's handling of this challenging period has garnered praise from royal observers. "Her display of strength proves she'll make a worthy queen one day," an insider commented. "She's a fighter, for herself, her family and her country."
Israel Strikes Back After Hezbollah Launches 200 Rockets in Response to Commander's Killing
In a dramatic escalation of the ongoing conflict between Hezbollah and Israel, the Lebanese militant group launched over 200 rockets at Israeli military bases on Thursday. This retaliation came in response to the killing of Mohammad Naameh Nasser, a senior Hezbollah commander, by Israeli forces.
Biden Sees 'Significant Opening' in Ceasefire Deal with Netanyahu Amid Hamas Negotiations
Amidst a turbulent period in Israeli-Palestinian relations, U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu held a significant phone conversation on Thursday. This discussion, centered around the progress towards a potential ceasefire and hostage deal with Hamas, marks a pivotal moment in the ongoing conflict.
Saks Fifth Avenue Parent HBC Acquires Neiman Marcus for $2.65 Billion, Forming Saks Global
Saks Fifth Avenue's parent company, Hudson's Bay Company (HBC), announced on Thursday that it will acquire the Neiman Marcus Group in a $2.65 billion deal. This significant transaction will merge two iconic luxury retailers, establishing a new entity called Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus, and Bergdorf Goodman.
Mbappé Warns of 'Catastrophic' Political Situation as France Approaches Elections
As France inches closer to a potentially historic shift in its political landscape, soccer captain Kylian Mbappé issued a stark warning about the "catastrophic" situation facing the nation. With the far-right National Rally making significant gains, Mbappé's call to action underscores the urgency of the upcoming legislative elections.
Biden's Plan to Sleep More Sparks Tension: Democratic Governors Question President's Stamina and Strategy
President Joe Biden's recent disclosure to Democratic governors that he plans to avoid scheduling events after 8 p.m. to get more sleep has stirred frustration and concern among party leaders.
Where's Kate? King Charles and Queen Camilla's Portrait with William and Edward Sparks Speculation
The British royal family recently released a portrait featuring King Charles III, Queen Camilla, Prince William, and Prince Edward, sparking discussions and raising questions among royal watchers.
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