Writing the summary…
Oil prices rise after drone attacks shut down Saudi Arabia’s East-West pipeline
Source: The Guardian
Related stories
CNBC
Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record
U.S. diesel prices have surpassed $6 a gallon for the first time ever as the Ukraine and Iran wars drive broader energy supply concerns.
CNBC2 outlets
Oil prices rise after Saudi Arabia shut down critical pipeline that bypasses Strait of Hormuz
Price spike comes as rebel Houthis in Yemen target oil infrastructure and capture strategic island in Bab al-Mandab strait Business news – live updates Oil prices have climbed above $108 a barrel after a series of drone attacks forced Saudi Arabia to close its east-west crude pipeline. Brent crude, the international benchmark for oil prices, surged to as much as $108.03 a barrel on Monday – a 3.25% increase on the day. Continue reading...
The Guardian
European tech stocks hit six-week low as calls for AI slowdown worry investors – business live
Rolling coverage of the latest economic and financial news AI-linked stocks fall after tech bosses call for slowdown in ‘reckless’ development AI CEOs say they need to slow the pace of development. But will they? The Guardian view on controlling AI: humanity cannot outsource its survival Companies threatened by the march of AI are seeing their share prices rise this morning! RELX , the analytics group, are up 4.2% and leading the FTSE 100 risers. Earlier this year its shares tumbled after the Claude chatbot added new data and automation tools . Continue reading...
CNBC
Cadbury cut two months off its supply chain lead time for a key chocolate-bar ingredient in one move
Mondelez is expanding its chocolate manufacturing operations in Malaysia, with the company also seeing further room for growth across Southeast Asia.
CNBC
OpenAI boss Sam Altman spells out how and why the AI industry wants to slow down: 'We could lose control'
OpenAI's chief has made comments detailing how AI safety frameworks and a slowdown could work, as the industry unites behind concerns.
CNBC
Satellite images show extent of damage to Saudi Arabia’s oil pipeline that bypasses Strait of Hormuz
Saudi Arabia temporarily shut the roughly 750-mile pipeline as attacks threaten a key alternative to the Strait of Hormuz.