Regional sports programmer Diamond Sports Group said on Wednesday it has signed an agreement with a group of creditors to emerge out of bankruptcy and that it would also get funding from Amazon.com as part of a streaming deal.
OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and said 2025 will see a "robust" increase in oil use, led by China and the Middle East, in an earlier than usual prediction.
OPEC may need to cut production further to keep oil prices at current levels in the face of stuttering demand growth and high U.S. output, the CEO of commodities trader Mercuria Energy Group said on Wednesday.
Business chiefs warned on Wednesday that disruption to shipping in the Red Sea caused by attacks by Houthi militants in Yemen could affect supply chains for months and lead to a shortage of tankers needed to transport fuel.
Apple ended Samsung Electronics' 12-year run as the largest seller of smartphones in the world, after commanding a 20% share of the market in 2023, according to data from International Data Corp.
Global oil markets will cope with Red Sea disruptions in the short run, although prolonged attacks by the Houthis on ships would lead to a shortage of tankers due to longer voyages and a supply delay, the CEO of Saudi oil giant Aramco said.
India's top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter.
The U.S. Supreme Court on Wednesday is due to hear arguments in a dispute involving a government-run program to monitor for overfishing of herring off New England's coast that gives its conservative majority a chance to further limit the regulatory powers of federal agencies.
Shares of ultra-low-cost carrier Spirit Airlines fell 10% in premarket trade on Wednesday, a day after a U.S. judge blocked the airline's planned $3.8 billion merger with rival JetBlue Airways .
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