Writing the summary…
China shuts hundreds of banks as Beijing moves to shore up its financial system
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
Saudi Aramco chief says replenishing global oil stockpiles could take two years
Saudi Aramco's CEO warned it could take up to two years to rebuild global oil inventories, saying the squeeze could worsen as the U.S.-Iran war continues.
CNBC
Why airfare could rise even more, but airline profits won't
Airlines are trimming capacity as jet fuel prices keep climbing and travelers keep booking.
CNBC
Satya Nadella reinvented Microsoft once. Can he do it again in the AI era?
After replacing Steve Ballmer in 2014, Satya Nadella turned Microsoft into a cloud giant. Now he's tasked with making the company a force in AI.
The Guardian
Global oil stockpiles ‘scarily thin,’ says Saudi Aramco chief; euro hits 17-month low on France debt fears – business live
Amin Nasser says ‘system is already straining’ and ‘replenishing inventories could take up to two years’ The UK’s telecoms regulator Ofcom has welcomed the deal. Dame Melanie Dawes , Ofcom’s chief executive, said: After a prolonged period of uncertainty around TalkTalk Group’s future, we welcome the prospect of a commercial solution that protects customers and secures continuity of critical communications services. The transaction will now be subject to the appropriate clearances and we’ll be working closely with the government and the Competition and Markets Authority during that process. Existing regulatory obligations will continue to apply. We’ll keep a close eye on the transition to protect consumers and competition, and we have written to BT today to underline our expectations. TalkTalk’s 1.5 million customers will want to know what this morning’s news means for them. The short ans
CNBC
Trump's nemesis in Europe: Why Spain's Sanchez is calling a snap election
Pedro Sánchez has been Europe's voice of dissent on U.S. foreign policy. Back home, the plight of an 87-year-old woman has ignited public anger.
BBC Business2 outlets
Shadow chancellor to unveil Tory plans to cut taxes and regulations
Shadow ministers will unveil a series of policies on day two of the Conservative Party conference in Birmingham.