Meta and Google fund US kids’ groups, as critics warn of social media risk
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War Turmoil Saps Asian Reserves With Philippines, India Hit Most
(Bloomberg) — Foreign-exchange reserves are slumping across Asia as policymakers shell out funds to defend their currencies against the spike in oil prices caused by the Iran war. Read More
China Fuel Demand Under Pressure as Pricier Oil Adds to EV Push
(Bloomberg) — China’s gasoline demand is expected to slide further this year, as the Iran war pushes up oil prices and accelerates a long-term shift away from the internal combustion engine. Read More
Hunt Oil Boss Sees Middle East Conflict as ‘Nightmare Scenario’
(Bloomberg) — Hunter Hunt, the grandson of famed Texas oil baron H.L. Hunt, is concerned about the impact from damaged Middle Eastern energy infrastructure that could leave oil production lower for years to come. Read More
Oil Steady After Trump-Xi Talks as Iran War Remains in Limbo
(Bloomberg) — Oil was steady following a meeting between US President Donald Trump and Chinese leader Xi Jinping, where they struck an optimistic tone and emphasized possibles for collaboration. Read More
India Asks US for Russian Waiver Extension as Iran War Drags On
(Bloomberg) — India has asked the US to extend its waiver on Russian oil, according to people familiar with the matter, as the nearly 11-week war in the Persian Gulf disrupts energy supply. Read More
