Writing the summary…
The Indian billionaire investing in Trump's refinery project is also buying more Venezuelan crude
Source: CNBC
Original reporting
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The Guardian
Oil prices climb amid supply fears and shipping attacks; prospect of rate rise weighs on UK housing market – business live
Brent crude jumps above $104 a barrel; eurozone bond yields rise and stock markets slide European gas prices have risen to their highest levels in more than two weeks, as attacks on tankers around the strait of Hormuz crushed hopes of more liquefied natural gas (LNG) shipments. The benchmark Dutch contract rose nearly 3% to €80.39 per megawatt hour, the first time it has been above €80 since 21 September. It was the first attack inside the Gulf for some time and marks a new escalation. For the LNG market, the attack’s proximity to Qatar is particularly concerning. Continue reading...
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Russia's internet giant Yandex halts operations at major data center after drone attack
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We spent thousands on a Tui river cruise but ended up on coach trips
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CNBC
AI startup Manus raises $500 million in first funding round since Meta breakup
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The Guardian
Tesco lifts profit forecast and says consumer confidence is resilient
Sales rise 2% to £33.8bn in the past six months, helped by strong trade online Business live – latest updates Tesco has raised its annual profit forecast as the supermarket group said consumer confidence has remained relatively resilient this year despite ongoing geopolitical tensions “creating uncertainty”. The UK’s biggest grocer said sales rose just 2% to £33.8bn in the first six months of its financial year but underlying profit was up 6.5% to £1.8bn. Continue reading...
CNBC
TSMC’s September sales surge year-over-year as AI drives chip demand
TSMC's September net revenue came in at 511.86 billion New Taiwan dollars