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Saudi Chemical Giant's Profit Slumps as Market Pressure Persists

Saudi Chemical Giant's Profit Slumps as Pressures Persist

(Bloomberg) -- Saudi Arabia’s top chemicals company reported a 62% drop in year-on-year profit as weak demand puts the industry under stress. Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesFed to Signal Delay of Interest-Rate CutsThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire EconomyLilly Soars as Forecast Boost Shows Weight-Loss Drugs’ PowerSaudi Basic Industries Corp., als

Gold Price Slump May Boost Demand From India's Festive Shoppers

At Least 36 Killed in Maui Fires as Thousands Flee Lahaina

Maui wildfires kill 36 as thousands flee historic Hawaiian town

Wildfires fanned by winds from a far-off hurricane killed at least 36 people on the Hawaiian island of Maui and forced thousands to flee as flames engulfed the historic town

China Names Ex-Intelligence Official as HK Security Chief

(Bloomberg) -- China named a former top official from its secret intelligence agency the new head of Beijing’s national security office in Hong Kong, as the finance hub continues to crack down on dissent.Most Read from BloombergTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystSingapore Passport Is World’s Most Powerful, Replacing JapanMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaMorgan Stanley Moves 200 Tech Experts From China on Data LawRags-to-Riches Wea

Surging Food Prices Push Up India's Inflation in June

(Bloomberg) -- India’s retail inflation rose more than estimated in June on spiraling food prices, reaffirming expectations of a hawkish hold from the central bank for the rest of the year. Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in Federal Energy Funds‘Pivotal’ US CPI Report to Show Lowest Core Inflation Since 2021Poisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortSaudi Arabia’s PIF Wealth

Canada's knee-jerk retreat from China bank shows divided world

A U.S.-China trade war has morphed into an ideological fight dividing the global economy with international banks in the middle. Read on.

Canada's snap retreat from China bank shows deeply divided world

Canada's Snap Retreat From China Bank Shows Divided World

(Bloomberg) -- A single Tweet alleging Communist Party interference was all it took for Canada to freeze ties with a China-led development bank this week. The question now is whether other US allies will join Canada — and would Beijing even care?Most Read from BloombergEric Schmidt Buys Abandoned Alfa Nero Superyacht for $67.6 MillionAfrica’s Richest City Is Crumbling Under Chaos and CorruptionSingapore Airlines Tumbles After Morgan Stanley Slashes RatingCrispin Odey’s One-Week Downfall Was Deca