BP predicts higher oil and gas demand, suggesting world will not hit 2050 net zero target

Germany's leader Merz is advocating for the use of frozen Russian assets to support Ukraine, a move that could significantly aid the country amidst ongoing conflict. This initiative highlights Germany's commitment to helping Ukraine recover and rebuild, showcasing a proactive approach in international relations and financial support.

Germany's leader Merz is advocating for the use of frozen Russian assets to support Ukraine, a move that could significantly aid the country amidst ongoing conflict. This initiative highlights Germany's commitment to helping Ukraine recover and rebuild, showcasing a proactive approach in international relations and financial support.

BP has projected that global oil demand will continue to grow until 2030, driven by a slowdown in energy efficiency improvements. This is significant as it highlights the ongoing reliance on fossil fuels even as the world shifts towards renewable energy sources. Understanding these trends is crucial for investors and policymakers as they navigate the complex energy landscape.

BP has projected that global oil demand will continue to grow until 2030, driven by a slowdown in energy efficiency improvements. This is significant as it highlights the ongoing reliance on fossil fuels even as the world shifts towards renewable energy sources. Understanding these trends is crucial for investors and policymakers as they navigate the complex energy landscape.

A new financial initiative aims to bolster peace efforts in Ukraine by mobilizing resources to enhance Kyiv's military resilience. This is crucial as it not only supports the country's defense but also fosters stability in the region, highlighting the international community's commitment to Ukraine's sovereignty.

Germany's Chancellor Merz is advocating for the use of frozen Russian assets to support Ukraine, urging Europe to unlock a significant €140 billion loan. This move is seen as a crucial step in raising the costs of Kremlin aggression and reinforcing support for Ukraine during a challenging time. It highlights Germany's commitment to European solidarity and the importance of financial measures in countering Russia's actions.

A new financial initiative aims to bolster peace efforts in Ukraine by mobilizing resources to enhance Kyiv's military resilience. This is crucial as it not only supports the country's defense but also fosters stability in the region, highlighting the international community's commitment to Ukraine's sovereignty.

Germany's Chancellor Merz is advocating for the use of frozen Russian assets to support Ukraine, urging Europe to unlock a significant €140 billion loan. This move is seen as a crucial step in raising the costs of Kremlin aggression and reinforcing support for Ukraine during a challenging time. It highlights Germany's commitment to European solidarity and the importance of financial measures in countering Russia's actions.

Russia's government has announced a ban on diesel exports for certain companies until the end of the year, a move prompted by recent Ukrainian drone strikes targeting its refineries. This decision is significant as it could impact global fuel markets and raise concerns about energy supply stability, especially in Europe, which relies heavily on Russian energy exports.

Russia's government has announced a ban on diesel exports for certain companies until the end of the year, a move prompted by recent Ukrainian drone strikes targeting its refineries. This decision is significant as it could impact global fuel markets and raise concerns about energy supply stability, especially in Europe, which relies heavily on Russian energy exports.

The European Bank for Reconstruction and Development (EBRD) has highlighted significant economic challenges in its latest growth projections, primarily due to US tariffs and increasing competition from China. These factors are putting pressure on economies in the regions where the EBRD operates, particularly affecting Ukraine's wartime economy and countries in sub-Saharan Africa facing fiscal difficulties. This situation is crucial as it could hinder recovery and growth in these areas, impacting millions of lives and the global economy.

The European Bank for Reconstruction and Development (EBRD) has highlighted significant economic challenges in its latest growth projections, primarily due to US tariffs and increasing competition from China. These factors are putting pressure on economies in the regions where the EBRD operates, particularly affecting Ukraine's wartime economy and countries in sub-Saharan Africa facing fiscal difficulties. This situation is crucial as it could hinder recovery and growth in these areas, impacting millions of lives and the global economy.

In a significant legal development, Google and Flo Health have agreed to pay $56 million to settle a lawsuit concerning privacy violations related to their period-tracking app. This case highlights the ongoing concerns about data privacy and the handling of sensitive health information by tech companies. The settlement not only compensates affected users but also serves as a reminder for all app developers to prioritize user privacy and transparency in their data practices.

Meta is facing charges from the European Union for allegedly failing to adequately monitor and remove illegal posts on its platform. This situation highlights the ongoing challenges social media companies face in balancing user freedom with regulatory compliance. The outcome of this case could set significant precedents for how tech giants operate in Europe and may lead to stricter regulations in the future.

Former Federal Reserve leaders from various political backgrounds are urging the Supreme Court to reject Donald Trump's attempt to remove Fed official Cook. They argue that this move could threaten the independence of the central bank, which is crucial for maintaining economic stability. This situation highlights the ongoing tensions between political influence and the autonomy of financial institutions, raising concerns about the future of monetary policy.

In a recent announcement, Trump stated that the U.S. government will provide aid to farmers until the benefits of tariffs take effect. This move is significant as it aims to support farmers facing challenges due to trade policies, ensuring they remain financially stable during a transitional period. By offering this assistance, the administration hopes to alleviate some of the economic pressures on the agricultural sector, which is vital for the country's economy.

Schlage has announced the expansion of its commercial portfolio with the introduction of new performance series locks. This move is significant as it enhances security options for businesses, providing them with advanced locking solutions that meet modern demands. The new locks are designed to offer improved durability and reliability, making them a valuable addition for companies looking to upgrade their security measures.

The US economy has shown a robust performance as the second-quarter GDP growth rate has been revised up to 3.8%, reflecting stronger consumer spending than initially reported. This revision is significant as it indicates a more resilient economic landscape, suggesting that consumers are confident and willing to spend, which is crucial for sustained economic growth.