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IntroductionIn a notable policy shift, OPEC+—led by Saudi Arabia—will accelerate oil output in August, boosting supply by 548,000 barrels per day. This follows steady 411,000 bpd increases in prior months and marks a decisive move from price defense to reclaiming global market share . 1. From Cuts to Claims OPEC+ originally imposed sharp 2.2 million bpd cuts in…
Body:What happened?France’s competition and anti-fraud watchdog (DGCCRF) has issued a record €40 million fine to Shein’s French entity over deceptive discounting practices and unclear environmental marketing. Scope of the investigationThe DGCCRF reviewed thousands of product pages between October 2022 and August 2023. Findings included: Deceptive discounting tacticsInvestigators identified that Shein inflated reference prices—sometimes by raising…
Who?Air France‑KLM, the Franco‑Dutch airline group, plans to increase its stake in Scandinavian Airlines (SAS) from 19.9% to 60.5%, acquiring shares from Castlelake and Lind Invest. What?If approved, the deal will give Air France‑KLM majority control over SAS, enabling deeper operational integration and unlocking significant synergies—estimated at hundreds of millions in annual savings . When?The…
Germany’s business sector is raising alarms over recent government discussions on restoring military conscription, warning it could deepen an already severe workforce crisis. With employers already struggling to fill roles due to demographic pressures and skill gaps, reintroducing a draft could siphon off valuable talent from the civilian labour market. According to the Financial Times,…
The Abu Dhabi Securities Exchange (ADX) has taken a major leap in financial innovation by initiating the listing and pricing of the Middle East and North Africa’s first distributed ledger technology (DLT)-based bond. Issued by First Abu Dhabi Bank (FAB) and executed on HSBC’s Orion platform, this groundbreaking move marks a strategic shift towards tokenized…
Lead ParagraphThe Children’s Investment Fund (TCI), led by Sir Chris Hohn, has delivered a remarkable 21% return so far in 2025—trouncing the S&P 500 benchmark and reaffirming its position as a top-tier hedge fund. 🔢 Performance Highlights 🚀 Stock Picks Fueling Gains ⚖️ Contrasting Underperformers 📣 Activist Edge 📌 Context & Comparisons 🔮 Outlook &…
🇨🇭 Switzerland Confronts Its Brexit Moment Switzerland is approaching a defining crossroads. To deepen access to the EU single market, it has agreed to payments, migration alignment, and ECJ oversight — all of which are set to confront Swiss principles of sovereignty and direct democracy. A nationwide referendum, likely in 2027 or 2028, will determine…
SEPANG: AirAsia X (AAX) announced today a new route to Tashkent, Uzbekistan, commencing on Oct 15 with a frequency of three times a week. Following AAX’s entry into the region with Almaty, Kazakhstan in early 2024, with a consistently strong load factor and increased flight frequencies, the Tashkent route is aimed at further facilitating air…
A new steakhouse coming to Walt Disney World Swan and Dolphin is going to require guests to change out of their typical resort attire. Bourbon Steak by Michael Mina started accepting reservations last week, and its website makes clear that guests may need to change if they spent the day at a park. “This restaurant…
KUALA LUMPUR: Taiwan Expo 2025, the largest edition in the series to date, has commenced at the Kuala Lumpur Convention Centre, with artificial intelligence (AI) and healthcare technologies taking centre stage. Organised under Taiwan’s flagship global exhibition platform, Taiwan Expo aims to deepen international business ties and promote its strengths in innovation and advanced manufacturing….
