Saudi Arabia

A week of victory for Saudi Arabia regains the West's embrace

A week of victory for Saudi Arabia regains the West’s embrace

NEW YORK (AP) — Saudi Arabia appears to be throwing out negative coverage of Jamal Khashoggi’s killing Since 2018, the kingdom has been warmly welcomed again, returning to a polite and powerful society, and the pursuit of Saudi investment is no longer unpleasant or accept their favor. A busy week of victories in Saudi Arabia …

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2 Americans and 5 Britons captured by Russian-backed forces in Ukraine freed in prisoner swap | CNN Politics

2 Americans and 5 Britons captured by Russian-backed forces in Ukraine freed in prisoner swap | CNN Politics

CNN — Two U.S. veterans and five British citizens held by Russian-backed forces for months have been released as part of a prisoner swap between Russia and Ukraine brokered by Saudi Arabia. The families of Americans Alexander John-Robert Drueke and Andy Tai Ngoc Huynh, who were arrested while fighting for Ukraine north of Kharkov in …

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OPEC+ cuts world oil supply slightly as prices fall

OPEC+ cuts world oil supply slightly as prices fall

FRANKFURT, Germany (AP) — OPEC and oil-producing allies including Russia have slightly cut supply to the global economy On Monday, they underscored their grievances as recession fears helped drive down crude oil prices as well as gasoline costsmaking the driver happy. October decision rolls back September’s symbolic 100,000 bpd increase. This followed a statement last …

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Cash is king for EV makers as soaring battery prices push up car production costs

Cash is king for EV makers as soaring battery prices push up car production costs

On April 11, 2022, the company’s factory in Normal, Illinois produces the electric Rivian R1T pickup truck. Michael Whelan/CNBC In the transition from gasoline-powered vehicles to electric vehicles, the fuel every automaker is running on after these days is cold cash. Both established automakers and startups are launching new battery-powered models to meet growing demand. …

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