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Last week’s decision by the OPEC+ group of oil producers to rein in production pushed up prices and could push the global economy into recession, said the International Energy Agency.The agency’s warning highlights The rift with Saudi Arabiathe world’s largest oil exporter and the de facto leader of OPEC.
Fed officials is hitting back on growing investor concerns Aggressive action by the Federal Reserve to combat high inflation is setting the stage for a market crash.
blackstone Third-quarter profit fell 16% As volatile global markets weighed on fee income and pushed assets under management further below the $10 trillion mark hit last year.
French government Tell TotalEnergies to raise wages The standoff between the oil majors and striking workers has continued for the 16th day. The strike has cut gasoline production in France by more than 60% and has left a third of petrol stations struggling to supply them.
Taiwanese chipmaker TSMC Cut annual investment budget A drop of at least 10% through 2022 and a more cautious than ever about incoming demand signal a challenge from rising inflation costs and forecast a decline in chips next year.
U.S. restricts exports of chip equipment to China Likely to lead to its ‘Sputnik’ momentExperts say this has prompted Chinese chipmakers to try creative engineering solutions and chart their own course, even if it may not be commercially successful in the long run.
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