Writing the summary…
Oil prices fall for third day on Saudi Arabia supply hopes; U.S. crude briefly dips below $100
Source: CNBC
Original reporting
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CNBC
A Chinese AI company just connected its model to Wall Street's leading data providers
The startup Moonshot said it signed on financial industry giants from investment bank CICC to venture capital firms
The Guardian4 outlets
Japan raises interest rates to 31-year high as central bankers fight inflation; retail sales rise in Great Britain – business live
Rolling coverage of the latest economic and financial news Britons are increasingly worried about the climate emergency, and job security. New data from the Office for National Statistics shows: The proportion of adults reporting climate change and the environment as an important issue (62%) has increased since June 2026 (53%). This is currently the highest it has been since late 2024. The proportion of adults reporting employment as an important issue has been increasing over time. Between 5 to 30 August 2026, just over half (54%) of adults reported employment as an important issue. This was higher when compared with similar periods in 2025 and 2024. Continue reading...
BBC Business
Japan raises interest rate to new 31-year high to curb rising prices
Central banks around the world have hiked rates as high energy prices are pushing up inflation.
The Guardian
Todd Boehly exits Chelsea diminished after having his fingers burned
The billionaire’s departure will change little day-to-day but could be significant for club’s stadium plans Not since a doomed foray into the thorny world of the transfer market has Todd Boehly had any real influence over the day-to-day at Chelsea. The American exits football as a diminished figure four years on, along with his fellow investor Mark Walter, and the first thing to say is that little will change in the Stamford Bridge boardroom just because Boehly has left the scene. Clearlake Capital, the US private equity firm founded by Behdad Eghbali and José E Feliciano, was already the majority owner and guiding force. The trio of Boehly, Walter and the Swiss billionaire Hansjörg Wyss had an equal share of a 38.5% stake but have drifted into irrelevance since the BlueCo consortium bought Chelsea from Roman Abramovich for £2.5bn in 2022. Continue reading...
The Guardian
Global leaders urged to join initiative to fight extreme inequality
More than 1,500 academics and economists sign letter, calling growing gap between richest and poorest ‘a policy choice that can be reversed’ More than 1,500 academics and economists from 100-plus countries are urging global leaders to join an initiative against extreme inequality, calling current unfairness “a policy choice that can be reversed”. Before the UN general assembly in New York next week, the experts have signed an open letter backing the International Panel on Inequality (IPI). Continue reading...
CNBC
Pokémon card curbs send shares of Japanese online marketplace Mercari on a bumpy ride
Mercari shares are clawing back losses after Pokémon card listing restrictions triggered a selloff earlier this week.