IEA cuts 2024 oil demand growth view, sees surplus looming

IEA cuts 2024 oil demand growth view, sees surplus looming

THE International Energy Agency (IEA) on Tuesday (Oct 15) further cut its global oil demand growth forecast for this year citing weakness in China and said the market was heading for a sizeable surplus in 2025 in the absence of a major supply disruption. The Paris-based agency now expects Chinese demand to grow by only…

Read More

Dutch to cut ABN Amro stake further as exits gather pace

Dutch to cut ABN Amro stake further as exits gather pace

THE Dutch government plans to further reduce its holding in ABN Amro Bank, joining states across Europe in speeding up the exit from banks that were bailed out after the financial crisis. The Netherlands plans to pare its stake to about 30 per cent, from about 40.5 per cent, through a trading plan that will…

Read More

Who Is Ruba Borno? Amazon Executive Sparks Outrage after Wearing Necklace with Palestinian Flag Imposed on Israel Map as Users Threaten to Cancel Subscriptions

Who Is Ruba Borno? Amazon Executive Sparks Outrage after Wearing Necklace with Palestinian Flag Imposed on Israel Map as Users Threaten to Cancel Subscriptions

An Amazon executive sparked outrage on social media after wearing a necklace in a company video featuring a pendant shaped like the map of Israel with a Palestinian flag imposed on top of it. Several users were outraged, threatening to cancel their Prime memberships and calling for the executive to be fired. Ruba Borno, Amazon…

Read More

Woman Dies After Being Bitten by Pet Hamster in Spain

Woman Dies After Being Bitten by Pet Hamster in Spain

A 38-year-old woman collapsed and died after being bitten by one of her children’s pet hamsters. The mother-of-two reportedly collapsed while outside a health centre near her home in Spain while accompanied by her two children, a 17-year-old and an 11-year-old. The woman has not been identified in local media, but is believed to be…

Read More

Feel Free to Talk About These Fight Club Secrets – E! Online

Feel Free to Talk About These Fight Club Secrets – E! Online

12. Fincher—whose films have become known for their haunting, and in The Social Network‘s case, Oscar-winning scores—wanted Radiohead frontman Thom Yorke to score Fight Club, but the artist was drained from promoting OK Computer and had to pass. (Norton told Raftery that he and Pitt stayed up till 4 a.m. the night they finished shooting, smoking a joint and listening…

Read More

Ericsson beats estimates as North America returns to growth

Ericsson beats estimates as North America returns to growth

ERICSSON earnings beat analysts’ expectations in the third quarter, as the Swedish telecom equipment returned to growth in the US. Adjusted earnings before interest and taxes were 7.3 billion kronor (S$917 million), the Stockholm-based company said on Tuesday (Oct 15). That compared to an average of 5.6 billion kronor forecast by analysts surveyed by Bloomberg.…

Read More

China banks mull cutting deposit rates as early as this week

China banks mull cutting deposit rates as early as this week

CHINESE banks are set to trim rates on 300 trillion yuan (S$55 trillion) of deposits as soon as this week after the latest barrage of stimulus policies further squeeze their profitability, according to sources familiar with the matter. Major banks including the Industrial & Commercial Bank of China and China Construction Bank will be guided…

Read More