The world has lost 13 million barrels of oil per day thanks to the war, and there are major disruptions in vital commodities, International Energy Agency head Fatih Birol said.
‘Someone with access to privileged information appears to have made hundreds of millions in profit by trading on a political secret before it became public.’
As Starbucks sells off most of its China business, local rival Luckin Coffee is expanding into higher-priced cold brews and other drinks. It’s also expanding its footprint in the US.
Apple saw particularly strong results in China, including Taiwan and Hong Kong. CEO Tim Cook says demand for the new iPhone 17 ‘was just simply staggering’.