Business

Sony Pictures invests $100 million in Cosm, takes minority stake

Wednesday, June 24 by SRN News

June 24 (Reuters) - Sony Pictures Entertainment announced a $100 million strategic investment in immersive technology firm Cosm on Wednesday, marking a push by the Hollywood studio to extend its film and television properties into a growing network of dome-shaped venues across the United... Read More.

Renault seeks to cut 800 jobs in engineering in France

Wednesday, June 24 by SRN News

PARIS, June 24 (Reuters) - Renault is considering cutting 800 jobs in its engineering department in France by the end of 2027, the company's human resources chief for the country said on Wednesday. The company expects to reduce its payroll, which totals 5,500 staff, through... Read More.

Oil markets start to signal near-term oversupply as tankers exit Strait of Hormuz

Wednesday, June 24 by SRN News

By Georgina McCartney HOUSTON, June 24 (Reuters) - Prices of Brent crude oil for second-month delivery traded higher on Wednesday than prices for prompt delivery for the first time since the Iran war started in late February, signaling increased near-term supply. Brent, the global benchmark, traded... Read More.

US air fares rose 4.7% in early 2026 as oil prices spiked

Wednesday, June 24 by SRN News

WASHINGTON, June 24 (Reuters) - Average U.S. domestic air fares rose 4.7% in the first three months of 2026 to $428 as oil prices soared in March due to the U.S.-Israeli war on Iran, the U.S. Transportation Department said on Wednesday. Without adjusting for inflation,... Read More.

Alibaba sues the US Defense Department in a bid to remove ‘Chinese military company’ designation

Wednesday, June 24 by SRN News

WASHINGTON (AP) - The Chinese tech giant Alibaba has sued the U.S. Department of Defense, demanding that it be removed from the Pentagon's list of Chinese military companies that prohibits them from landing U.S. defense contracts and carries reputational damage. In the petition filed this... Read More.

Colombia’s vote may reshape the Amazon’s future as political winds shift across Latin America

Wednesday, June 24 by SRN News

BOGOTA, Colombia (AP) - The rise of Abelardo de la Espriella, a businessman and lawyer set to be Colombia's next president, is raising questions about whether political shifts underway across Latin America could reshape the future of the Amazon rainforest. The Colombia election result comes... Read More.

Paramount ready to sell Universal Pictures JV for Warner deal, source says

Wednesday, June 24 by SRN News

By Foo Yun Chee BRUSSELS, June 24 (Reuters) - Paramount Skydance Corp is prepared to divest its film distribution joint venture with Universal Pictures to address EU antitrust concerns about its $110 billion acquisition of Warner Bros Discovery, a person familiar with the matter said... Read More.

Phillips 66 CEO warns of refining, petrochemical earnings volatility from Hormuz disruptions

Wednesday, June 24 by SRN News

June 24 (Reuters) - Phillips 66 CEO Mark Lashier said at the Reuters Global Energy Forum in New York on Wednesday that refining and petrochemical earnings face greater volatility due to uncertainty from disruptions in the Strait of Hormuz. • Lashier added that the company... Read More.

US oil executives see slight output growth, future outlook uncertain, survey says

Wednesday, June 24 by SRN News

By Siddharth Cavale NEW YORK, June 24 (Reuters) - U.S. oil executives expect domestic oil production to increase slightly at current prices but said geopolitical uncertainties and regulatory issues cloud their outlook for long-term planning, according to a Dallas Fed survey. The survey, which collected data... Read More.

US airline stocks rise as oil retreats to pre-Iran war levels

Wednesday, June 24 by SRN News

By Nandan Mandayam and Anshuman Tripathy June 24 (Reuters) - U.S. airline stocks rose 3% to 7% on Wednesday after crude prices fell to their lowest since before the Iran war, raising hopes that pressure on carriers' earnings could ease, though the benefits are... Read More.

Current Weather

Sony Pictures invests $100 million in Cosm, takes minority stake

Renault seeks to cut 800 jobs in engineering in France

Oil markets start to signal near-term oversupply as tankers exit Strait of Hormuz

US air fares rose 4.7% in early 2026 as oil prices spiked

Alibaba sues the US Defense Department in a bid to remove ‘Chinese military company’ designation

Colombia’s vote may reshape the Amazon’s future as political winds shift across Latin America

Paramount ready to sell Universal Pictures JV for Warner deal, source says

Phillips 66 CEO warns of refining, petrochemical earnings volatility from Hormuz disruptions

US oil executives see slight output growth, future outlook uncertain, survey says

US airline stocks rise as oil retreats to pre-Iran war levels

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