BP Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, offering a potential boost for the energy major struggling to reverse years of underperformance. Culture
A rally in the world’s largest technology companies spurred a rebound in stocks, with Nvidia Corp. hitting $4 trillion - the first company in history to achieve that milestone. Treasuries held steady ahead of a $39 billion sale of bonds and minutes from last month’s Federal Reserve meeting. Economics
Policies in China that are aimed at curbing excess capacity may be positive for equities and global trade if executed right, according to JPMorgan Chase & Co. Economics
The European Union pledged to use its trade defense powers and state aid measures to shield the continent’s chemicals makers from high energy costs and intensifying US and Chinese competition — a sign of the strain that one of the bloc’s most important industries is under. Economics
UK firms plan to ramp up hiring at the fastest pace since before Labour announced higher payroll taxes and a minimum wage hike, a sign of the jobs market bouncing back after a sharp fall in employment. Economics
Trinidad and Tobago is working to reverse a major slump in gas production and revive a key export industry in the Caribbean nation to boost its economic growth. Other
South Korea’s sovereign wealth fund plans to increase allocations to tech startups and venture capital funds as part of its broader push to deepen exposure to artificial intelligence and other disruptive technologies. Culture
Italy will increase its imports of US soybeans as part of a new effort to rebalance trade between the two countries, US Agriculture Secretary Brooke Rollins told reporters Monday after meeting with her Italian counterpart. Economics
Australia started a A$2.3 billion ($1.5 billion) program to encourage households to buy batteries in an effort to absorb excess renewable energy and curb price swings in one of the world’s most volatile power markets. Economics
Hotels and restaurants in Metro Vancouver will likely see a boost in business with nearly 50,000 people on cruise ships visiting this weekend. Events
Japan is forecast to continue baking over the next two weeks as temperatures remain well above average, likely boosting energy demand and keeping power prices elevated. Other
Enbridge Inc. and partner Energy Transfer LP are gauging interest in increased pipeline capacity in Illinois that would help rising Canadian oil sands production reach more markets in the Midwest and the US Gulf Coast. Other
Boosted international attention could benefit local economy in the long term Politics
Crude oil prices surged and investors sought the safety of gold after Israel conducted airstrikes on Iranian atomic facilities involved in nuclear enrichment. Economics
Rachel Reeves will pump billions of pounds into areas outside London as the Labour government tries to head off an electoral threat posed by Nigel Farage’s Reform UK. Other
