Writing the summary…
Oil prices fall after U.S. says damaged Saudi pipeline will restart operations in days
Source: CNBC
Original reporting
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CNBC
Canada invited to become EU’s first ‘associate member’ as Trump trade war intensifies
EU chief Ursula von der Leyen said the bloc wants to open the door for Canada to become its first associate member, signaling a major deepening of ties.
The Guardian
Amazon to launch Ring ‘neighbourhood watch’ app in UK amid US privacy fears
Doorbell firm aims to replace WhatsApp or Facebook groups with platform where people can post about safety or lost pets Amazon’s doorbell camera maker Ring is to launch its Neighbours community app in the UK in an attempt to supplant neighbourhood WhatsApp or Facebook groups. The service is intended as a modern equivalent of a community message board, where neighbours can post about safety, community matters or lost pets. Continue reading...
CNBC
OpenAI investors have approached the company about a new funding round
OpenAI is gearing up for what is widely expected to be a blockbuster IPO next year, after it confidentially filed its prospectus in June.
CNBC
Intel, SK Hynix shares jump on report they're discussing U.S. memory chip manufacturing
The deal could be a big win for Intel which has been looking to gain marquee customers for its manufacturing, or foundry, business.
The Guardian2 outlets
Reform-linked thinktank ‘to call for big tax cuts for the rich’
Centre for a Better Britain will urge abolishing inheritance tax and phasing out capital gains tax, report says A thinktank linked to Nigel Farage’s Reform UK is preparing an influential policy plan that is reportedly going to call for substantial tax cuts for the rich. The Centre for a Better Britain (CFABB) is due to publish the 200-page document next week, giving insight into the economic and financial policies that are likely to form part of Reform UK’s platform before the next election. Continue reading...
The Guardian
UK rents accelerate, as average London house price falls £19,000 below peak – business live
Soaring motor fuel costs have pushed UK inflation to a five-month high in August Full story: UK inflation rises to 3.1% as motor fuel prices jump by almost a quarter Worryingly, the cost of goods produced by UK factories rose at a faster rate in August too. Producer output prices – or the cost of goods at the ‘factory gate’ - rose by 3.7% in the year to August, up from 3.3% in July. “Rising crude oil and petrol prices increased both the annual cost of raw materials and the price of goods leaving factories respectively.” Continue reading...