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Iraq-Syria Oil Pipeline to Bypass Hormuz Faces $15 Billion Cost, Four-Year Wait

WASHINGTON, Aug. 18 -- When Scott Bessent told reporters last week that underground pipelines could handle "more than 50% or 70%" of the oil exports now running through the Strait of Hormuz, markets b... Read More


Nvidia Backs $105B Credit Line for OpenAI's Ohio Data Center, Invests $1.5B in SB Energy

New Delhi, Aug. 18 -- Nvidia Corp. announced Sunday it will invest $1.5 billion in SB Energy, the SoftBank-backed data center developer constructing OpenAI's PORTS-Pike Technology Campus in Pike Count... Read More


Germany Gas Storage at Multi-Year Low as INES Warns of Winter Supply Risk

New Delhi, Aug. 18 -- With winter still months away, Germany cannot afford to wait. The country's underground gas storage facilities stood at just 49.68 percent capacity as of August 17, below where t... Read More


Trump's World Liberty Financial Wins OCC Bank Charter in a US Presidential First

WASHINGTON, Aug. 17 -- The Office of the Comptroller of the Currency handed conditional approval on August 15 to World Liberty Trust Co. to operate as a national trust bank - a move that makes Donald ... Read More


Japan Economy Grows Just 1.1% in Q2 2026, Missing Forecasts as Consumer Spending Retreats

TOKYO, Aug. 17 -- For a country that has spent two years watching food prices climb and energy bills thicken, Japanese households have quietly started to push back. The result arrived Friday in a numb... Read More


Tyson Foods Closes Eagle Mountain Beef Plant, Cutting 723 Utah Jobs in Industry-Wide Restructuring

The closure, Aug. 16 -- The $300 million beef processing plant that Tyson Foods Inc. opened here in 2021, billed as a long-term anchor for one of Utah's fastest-growing counties, will close. The compa... Read More


PayPal in $53 Billion Buyout Talks With Stripe and Advent as Initial Offer Is Rebuffed

NEW YORK, Aug. 16 -- The company that once defined internet payments is now potentially a takeover target for the very competitor it helped inspire. Stripe and private equity firm Advent Internationa... Read More


Microsoft Claims Windows 11 Quality Progress, Won't Show the Numbers

New Delhi, Aug. 1 -- fix the taskbar, reduce update interruptions, speed up File Explorer, clean up the widgets experience, improve the Insider Program, make the Feedback Hub actually useful, and do a... Read More


Sony CFO: 330,000 Disc Signatures Had 'No Impact' on PlayStation's 2028 Plan

New Delhi, Aug. 1 -- it is not working. Lin Tao, Sony's CFO, confirmed during the earnings call that the company would proceed with its plan to end physical disc production for new PlayStation games ... Read More