(Reuters) – Intel Corp is offering 35 million shares of Class A common stock, or about a $1.5 billion stake, in Mobileye Global Inc, according to a regulatory filing on Monday. After the offerin[...]
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Middle East
OpenAI CEO sees ‘huge’ Israeli role in reducing risks from the technology
By Steven Scheer TEL AVIV (Reuters) – OpenAI CEO Sam Altman predicted on Monday a “huge role” for Israel in reducing risks from artificial intelligence and eyed investment opportunit[...]
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Oil rises on Saudi plan to deepen output cuts from July
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Monday after the world’s top exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July to c[...]
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Global airlines target Europe over green policies
By Joanna Plucinska, Tim Hepher and Aditi Shah ISTANBUL (Reuters) – Airlines took aim at Europe over green fuel mandates and its failures to stem France’s air traffic control strikes as th[...]
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Qatar records budget surplus of $5.4 billion in Q1 – state news agency
DUBAI (Reuters) -Qatar recorded a budget surplus of 19.7 billion Qatari riyals ($5.4 billion) in the first quarter of 2023, its state news agency said on Monday, citing the finance ministry. Total rev[...]
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OpenAI mulling Israel investment opportunities, Microsoft says
JERUSALEM (Reuters) – OpenAI is considering investment opportunities in Israel, Microsoft Israel R&D center quoted the company’s CEO, Sam Altman, as saying during a visit to the countr[...]
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Analysis-Smaller UK firms attractive targets for PE buyouts
By Shristi Achar A and Johann M Cherian (Reuters) – Even as higher costs of borrowing continue to choke dealmaking, fund managers and bankers believe smaller UK-listed firms remain attractive to[...]
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Saudi pledges big oil cuts in July as OPEC+ extends deal into 2024
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to[...]
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Brent may rise toward $100/bbl as Saudi output cut could worsen supply gap – analysts
By Florence Tan SINGAPORE (Reuters) – A global shortfall in crude oil supply is set to deepen in the third quarter as the world’s top exporter Saudi Arabia pledged extra output cuts from J[...]
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