Saudi Arabian Oil Co. (Saudi Aramco) has delayed the initial restart date for its Jazan refinery by a fortnight, now set for August 30, according to Reuters, referencing data from consulting company IIR. Saudi Aramco did not reply to a request for statement. The refinery can process 400,000 barrels each day. It was deactivated on July 27 after an assault by Yemeni Houthi rebels. Kpler...

Jeff Bezos sold almost $350 million in Amazon stock after the firm’s papers hit an all-time high, according to Bloomberg, which references notifications. Bezos sold 1.2 million shares of Amazon for $286.40 per share. The billionaire has announced intentions to sell 15 million shares, with this stake estimated at more than $4 billion, according to Bloomberg. This transaction of Amazon stocks...

The US Federal Aviation Administration (FAA) announced that the Boeing 737 Max 7 has been certified almost a decade after its development began. The agency indicated that the approval came after "years of efforts to address intricate technical challenges and a comprehensive evaluation of the aircraft's design." The FAA highlighted that the Max 7 features important enhancements, such as upgraded...

Shein, a fast-fashion retailer based in Singapore, intends to conduct an IPO in Hong Kong as soon as mid-August, aiming for a valuation between $30 billion and $40 billion, according to three sources who spoke to Reuters. The figures and schedule for the offering are not finalized and could be adjusted based on investor feedback from meetings conducted since last week, the sources indicated. A...

The Japanese car manufacturer Nissan Motor boosted its revenue in the first fiscal quarter and reported its first quarterly net profit in two years. As stated in Nissan press release, the net profit for the April-June quarter reached 3.76 billion yen ($24 million), in contrast to a loss of 115.76 billion yen during the corresponding period last year. Experts polled by Quick had, on average,...

UBS Financial Services Inc., the brokerage division of Swiss bank UBS Group AG, consented to a $125 million penalty as part of a settlement with US regulators regarding ongoing breaches of anti-money laundering laws. According to Bloomberg, this represents the highest penalty for such infractions levied by the Financial Crimes Enforcement Network (FinCEN) on a brokerage firm. The initial...

Samsung Electronics declared an over 250-fold rise in profit within its chip sector, as per Bloomberg, referencing the company's financial results for the second quarter of 2026. The operating profit for the quarter of the division reached 89.2 trillion won ($62.2 billion). Simultaneously, Samsung cautioned that the memory deficit caused by the AI surge might intensify in the upcoming year. The...

Airbus SE, the European aerospace company, more than doubled its net profit in the second quarter, with a revenue increase of 28%. During the reporting period, the company's net income reached €1.66 billion, up from €732 million in the same quarter the previous year. Airbus's primary performance metric, adjusted EBIT, rose 1.5 times to €2.43 billion. The firm's quarterly earnings rose to €20.53...

Eni from Italy and TotalEnergies from France have reached a final investment decision (FID) to develop the Cronos gas field, situated offshore Cyprus, with the goal of launching the first Cypriot gas to market in 2028, the partners revealed. The initiative, managed by Eni, is projected to generate 500 million cubic feet of gas daily (2.8 million tons of LNG annually). The feedstock will be...