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Crude oil prices were on course to book their steepest decline in four months following reports that OPEC+ was about to extend its production boost for another month at its Sunday meeting.At the time of writing, Brent crude was trading at $64.53 per barrel, with West Texas Intermediate at $60.86 per barrel. Both were up slightly from Thursday’s close but had been trending lower since Monday, with Brent crude shedding 8.3% since the start of the week and WTI declining by 7.6%, according to Reuters.The publication cited unnamed sources as saying that OPEC+ could decide to add another half a…
H-1B reform needs more than a one-size-fits-all approach, says Rep. Ro Khanna, whose district encompasses much of Silicon Valley.In an episode of the “All In” podcast released on Thursday, Khanna said that the H-1B system needs to be corrected, but he doesn’t think President Donald Trump’s new reforms are the best way to do so.Last month, the Trump administration introduced a $100,000 fee on new H-1B visas, a common pathway for skilled foreigners to work in large US multinationals. In addition to the fee, the administration announced a proposal to replace the lottery system with one that selects based on…
Russia intends to purchase more agricultural products and medicines from India.Russian President Vladimir Putin expressed his anticipation for his upcoming visit to India in early December and has ordered the government to devise measures to soften the trade imbalance with India due to the heavy import of crude by New Delhi.Speaking at the international Valdai discussion forum of security and geopolitical experts from 140 countries, including India, in the Black Sea resort of Sochi in South Russia on Thursday evening, Putin underlined that Russia and India have never had any problems or tensions between them and always took actions by…
MANILA, Philippines (AP) — A typhoon blew into the northern Philippines on Friday, complicating the country’s disaster response to a deadly earthquake in a central province and two other recent storms.Typhoon Matmo blew into Dinapigue town in Isabela province from the Pacific with sustained winds up to 130 kph (81 mph) and was to blow northwestward over a vast agricultural valley and mountain provinces, where residents in some flood- and landslide-prone villages were evacuating.Schools suspended classes, and cargo and fishing vessels were prohibited from entering the rough seas along the path of the typhoon. It was expected to blow into…
Taiwan’s economy ministry said that it “urges domestic enterprises to procure petroleum products that comply with EU regulations”.Taiwan’s government said on Thursday that it will cooperate should “international allies” impose further restrictions on Russian energy imports, after a group of non-governmental organisations criticised the island’s continued business with the country. While Taiwan joined the United States and major Western allies in putting broad sanctions on Russia after it invaded Ukraine in 2022, it did not explicitly ban imports of energy, a major hard currency earner for Russia. Responding to criticism on Wednesday from a group of NGOs including the Centre…
On a weekly basis, Brent has plunged 8.3 per cent, while WTI is 7.6 per cent lower.Oil prices rose slightly on Friday after four straight sessions of declines but were on track for their steepest weekly decline since late June due to market expectations that the OPEC+ group could hike output further despite oversupply concerns. Brent crude futures gained 18 cents, or 0.3 per cent, to $64.29 a barrel by 0000 GMT. US West Texas Intermediate crude climbed by 19 cents, or 0.3 per cent, to $60.67 a barrel. If prices do not further recover in this session, Brent could…
Overall, India’s refined products exports rose 14% month-on-month to 1.59 million bpd in September.India is stepping in to plug fuel shortages in Russia’s key markets after Ukrainian drone strikes crippled parts of Moscow’s refining system, curtailing fuel exports.Private refiners Reliance Industries and Nayara Energy have ramped up supplies to Brazil, Turkey, the UAE and parts of Africa as these countries seek alternatives to Russian fuels. Moscow has prioritised its domestic fuel market, imposing export curbs to contain shortages at home, which cut product exports by an estimated 200,000 bpd in September, according to Kpler, a global real-time data and analytics…
Meta’s Superintelligence Labs is trying to speed up AI development by steering its teams toward new tools that allow developers to build and test products more quickly, according to internal memos obtained by Business Insider.The shift highlights the stakes of Meta CEO Mark Zuckerberg’s massive bet on AI. Over the past year, Meta has poured hundreds of millions of dollars into luring top researchers with nine-figure pay packages and reorganized its AI work under the new Meta Superintelligence Labs (MSL). Now, its new leaders are revamping the internal engineering tools that those teams use — a shift that underscores the…
Jakub Porzycki/NurPhoto via Getty Images 2025-10-03T00:20:53Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Apple has removed the immigration enforcement tracking app ICEBlock from the App Store. The app allows users to monitor and track the location of immigration enforcement agents. In a statement to Business Insider, Apple said the app was removed due to “safety risks.” Apple…
Fresh off a $6.6 billion share sale that made it the world’s most valuable private company, OpenAI’s TikTok-style video app, powered by its new artificial intelligence model, Sora 2, is going viral. Despite the gated release that requires an invite code, the video creation tool has already shot to the number three spot on Apple’s App Store and sparked a wave of deepfakes, including a viral clip of CEO Sam Altman shoplifting GPUs.Internally, the rollout has reignited a long-running debate inside OpenAI about how to balance safety with creative freedom. A person familiar with internal strategy at the company said…