Latest News

US to begin refilling oil reserve after huge Biden release
US to begin refilling oil reserve after huge Biden release
Business and Economy
by  AFP

The US Energy Department announced Friday a plan to add oil back to the Strategic Petroleum Reserve (SPR) after a historically large release undertaken by the Biden administration. A Biden official said in October that the administration planned to purchase oil to refill the reserve as soon as prices hit around $67-72 a barrel.

US probing GM's autonomous driving unit after incidents
US probing GM's autonomous driving unit after incidents
Business and Economy
by  AFP

US authorities opened a preliminary investigation into General Motors' Cruise autonomous driving program following sudden stop incidents, according to a notice seen Friday by AFP. The National Highway Traffic Safety Administration is reviewing two types of incidents that result in Cruise vehicles "becoming unexpected roadway obstacles," said the notice.

Goldman Sachs to cut up to 8% of staff: reports
Goldman Sachs to cut up to 8% of staff: reports
Business and Economy
by  AFP

Goldman Sachs could cut up to eight percent of its staff, or around 4,000 jobs, according to reports Friday, as the financial giant eyes sluggish global growth in 2023. The job cuts are expected early in 2023, according to reports in Semafor and CNBC that said the final figure could ultimately be smaller than eight percent.