Saudi Arabia’s sovereign wealth fund overtakes Singapore’s GIC to top spending table
Saudi Arabia’s Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about…
Putin makes rare visits to the UAE, Saudi Arabia to talk strengthened relations, Israel-Hamas war
DUBAI, United Arab Emirates — Russian President Vladimir Putin arrived in Riyadh on Wednesday evening local time, Russian state media…
Manchester United set to confirm 25% stake sale to petrochemicals billionaire Ratcliffe: Report
LONDON — Manchester United will next week announce that British petrochemicals billionaire Jim Ratcliffe will take a 25% stake in…
Goldman Sachs says the Israel-Hamas war could have major implications for Europe’s economy
The Israel-Hamas war could have a significant impact on economic growth and inflation in the euro zone unless energy price…
Bank of England governor says Israel-Hamas conflict poses risks to inflation fight
Bank of England Governor Andrew Bailey said Thursday that the ongoing Israel-Hamas war poses a potential risk to the bank’s efforts to…
Sam Bankman-Fried’s lawyers reveal his planned testimony in FTX fraud trial
Lawyers for Sam Bankman-Fried late Wednesday revealed details of his planned testimony if he takes the witness stand at his…
A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now
For months after Ukraine’s Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic.…
Turbine troubles have sent wind energy stocks tumbling — and a slew of issues remain
As the biggest players in wind energy gear up to report quarterly earnings, supply-chain reliability issues are front and center…
Oil prices could surge if Iran enters the war, Pioneer Natural Resources CEO says
Pioneer Natural Resources CEO Scott Sheffield said oil prices could move a lot higher if Iran gets involved in the war between…
Consumers starting to buckle for first time in a decade, former Walmart U.S. CEO Bill Simon warns
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week,…
