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Italy working hard to prevent extra US tariffs on pasta
Italy has appealed to Washington and the European Commission in an attempt to dissuade the US from imposing a punitive tariffs on pasta imports, a deeply unpopular measure among producers.
Opec+ plus to raise oil production by 137,000 barrels a day in November
Saudi Arabia, Russia and six other members of Opec+ on Sunday decided to raise their production quotas by 137,000 barrels per day in November, as they continue to push for greater market share. In the past few months, Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Oman and Algeria have already raised their quotas by more than 2.5 million barrels a day.
OPEC+ meets with future oil production hanging in the balance
Saudi Arabia, Russia and six other key members of the OPEC+ alliance are likely to agree to raise crude output when they meet virtually on Sunday, with analysts divided over the size of the expected hike.
French air traffic controllers cancel three-day strike
French air traffic controllers have called off a three-day strike that threatened to disrupt European skies next week, a top union said on Saturday. In early July, French air traffic controllers staged a strike that brought chaos to European skies.
Flights resume at Munich airport after second drone scare
Flights resumed "progressively" on Saturday at Munich airport, but delays were expected after a drone scare caused a second shutdown in as many days, affecting over 6,500 passengers, the operator said. Forty-six departures from the airport had to be cancelled or delayed until Saturday, with a total of 6,500 passengers affected.
AI in an 'industrial bubble' but will benefit society: Bezos
Artificial intelligence technology is in an "industrial bubble," Amazon founder Jeff Bezos told a tech conference in Italy on Friday, but the benefits to society will be "immense".
'First of its kind' power surge behind Iberia blackout: experts
A power surge that caused a paralysing blackout across all of Spain and Portugal in April was an unprecedented event in Europe and possibly the world, but the root cause remains unknown, an expert panel said Friday. Cortinas added that "we think (it is unprecedented) in the world as well", but cautioned that the experts did not have information from every country.
US delays key jobs report due to government shutdown
The United States suspended the publication of a key employment report Friday as a partial government shutdown entered its third day, casting a fog over the health of the world's biggest economy. If the shutdown persists through October 15, the next consumer inflation report could also be delayed.
UN-backed climate banking alliance ceases operations
The Net-Zero Banking Alliance, a UN-backed initiative seeking carbon neutral investments by banks, announced Friday its immediate shutdown -- at a time of faltering climate commitments in the United States and Europe.
AFP
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