News

The Vatican stated that Pope Leo will visit France from September 25 to 28. This will be the pope’s second trip to a European country outside of Italy.

Norwegian natural gas transportation management company Gassco: From May 16 to 17, the Visund oil field experienced an unplanned outage, reducing daily production by 5.3 million cubic meters.

According to RIA Novosti: The Russian Defense Ministry stated that Russian troops took control of Borova and Kutkivka in eastern Ukraine.

UAE Minister of Energy: The UAE’s decision to withdraw from OPEC and OPEC+ is a sovereign strategic choice rooted in the country’s long-term economic vision, evolving energy capabilities and ongoing commitment to global energy security.

According to RIA Novosti: Russian Deputy Foreign Minister Ryabkov stated on the Sarmat missile test that Russia does not intend to take any actions that may undermine strategic stability.

Iraqi Oil Minister: Iraq seeks discussions with OPEC to increase Iraq's crude oil production and export capabilities, and hopes to increase production capacity to 5 million barrels per day.

Bill Ackman: Pershing Square's sale of Google stock wasn't a bet on the company. Still very optimistic about Alphabet for a long time. Based on the current valuation level and limited capital scale, we liquidated our Google position and used the proceeds to buy Microsoft

According to British Sky News: British Finance Minister Reeves plans to cancel part of the bank "isolation" regulatory system implemented after the financial crisis to promote British economic growth.

Adviser to the Minister of Interior of Ukraine: The Nevinomysk nitrogen fertilizer plant in Russia's Stavropol Krai was attacked. The plant is a key facility in the Russian military industrial system, producing up to 1.4 million tons of ammonium nitrate and more than 1 million tons of ammonia every year. These materials are used in explosives and munitions production.

Sources: FIFA will provide "guarantees" for Iran's participation in the World Cup in the United States. FIFA's secretary-general will hold talks with the Iranian Football Federation in Istanbul on Saturday to discuss preparations for the World Cup.

The Long Island Rail Road, the nation's busiest commuter rail line, will suspend operations for the first time in more than 30 years after unions and U.S. transportation officials failed to reach an agreement on a wage increase by a Friday night deadline.

U.S. President Trump: Abu-Bilal al-Minuki, the world’s second-largest figure in the Islamic State extremist organization, has been eliminated. U.S. forces and the Nigerian Armed Forces jointly conducted the operation to eliminate Abu Bilal Minuki.

Starbucks (SBUX.O) plans to open a technology office in India, which is expected to be operational in the company's fiscal year 2027, according to emails. This will be Starbucks' first corporate office in India.

California Governor Newsom: Last year, Trump and Republicans chose to raise health insurance premiums for millions of Americans in the Affordable Care Act (ACA) health insurance market. My proposed budget will help clean up the fiscal mess Trump has created by preserving a $0-a-month health insurance plan for low-income Californians.

On May 15, local time, the U.S. Supreme Court rejected a request by Virginia Democrats to restore a federal House of Representatives district map that was considered favorable to the Democrats. The ruling means that the relevant gerrymandering will maintain the status quo before the November midterm elections.

According to people familiar with the matter, Arm (ARM.O) will face a U.S. antitrust investigation involving chip technology.

Goldman Sachs is optimistic on gold and reiterated its end-2026 target of $5,400 an ounce. Goldman Sachs expects central bank gold purchases to increase, reaching an average of 60 tons per month by 2026. Goldman Sachs also said its updated 12-month moving average forecast showed central bank gold purchases of 50 tonnes per month in March, compared with its previous forecast of 29 tonnes per month.

On May 15, local time, the Federal Reserve issued a statement stating that current Chairman Jerome Powell will temporarily serve as "interim Chairman" until Kevin Warsh is officially sworn in as Chairman of the Federal Reserve. Powell's term as chairman expires on Friday.

According to the British Daily Telegraph: British ministers believe that if Burnham wins the Makefield by-election, Prime Minister Starmer may consider resigning as prime minister.

Market News: BlackRock’s private credit fund valuations are under investigation by the U.S. Department of Justice.