Ryanair Chief Executive Michael O'Leary warned on Thursday that the Russia-Ukraine war would be an ongoing issue for all European airlines for years to come, a day after Poland shot down suspected Rus... ...

Group 1 - Sinopec has established a specialized company focused on environmental governance [1] - The new company is located in Guangzhou, a southern city in China [1]

Core Insights - The International Energy Agency (IEA) has raised its forecast for global oil supply growth in 2023 due to OPEC+'s decision to increase production [1] - The IEA has also increased its demand growth forecast, indicating a more optimistic outlook for the oil market [1] Supply Growth - The IEA's updated forecast reflects a significant adjustment in global oil supply growth, influenced by OPEC+'s production hike [1] - This adjustment suggests a response to changing market dynamics and potential supply constraints [1] Demand Growth - The IEA's revised demand growth forecast indicates an increase in global oil consumption, highlighting a recovery in demand post-pandemic [1] - This growth in demand is expected to further support oil prices and market stability [1]

Group 1 - Global investment firms Carlyle Group and EQT are preparing final offers for a controlling stake in Starbucks' China operations [1] - Regional players HongShan Capital Group and Boyu Capital are also involved in the bidding process [1]

Spanish power utility Iberdrola has bought a 30.29% stake in its Brazilian business Neoenergia from Brazilian pension fund Previ for 11.95 billion reais ($2.21 billion), it said on Thursday. ...

Group 1 - The core viewpoint of the article highlights that UniCredit's CEO Andrea Orcel is facing significant challenges in persuading Commerzbank to engage in merger discussions, particularly due to persistent German opposition [1] Group 2 - The article indicates that it has been a year since UniCredit initiated its campaign to encourage Commerzbank to consider a merger, yet progress remains limited [1]

A simulated Federal Reserve meeting that used artificial intelligence agents modeled on real-life policymakers showed political pressure polarised members of the board in their rate-setting deliberations. ...

Stablecoin issuer Figure Technology, along with some of its existing investors, raised $787.5 million in a U.S. initial public offering on Wednesday, becoming the latest crypto firm to tap public mark... ...

Core Viewpoint - Oil prices remained stable on Thursday, influenced by weak demand in the United States and concerns over oversupply, despite geopolitical tensions in the Middle East and the ongoing conflict in Russia [1] Group 1: Oil Prices - Oil prices showed little change, indicating a cooling from previous sessions [1] - The stability in oil prices is attributed to weak demand in the U.S. market [1] - Broad oversupply risks are counteracting concerns related to geopolitical events [1] Group 2: Geopolitical Factors - Concerns over attacks in the Middle East are present but are not significantly impacting oil prices [1] - The ongoing war in Russia is also a factor, yet it is overshadowed by supply and demand dynamics [1]

Core Viewpoint - LB Pharmaceuticals successfully raised $285 million in its U.S. initial public offering, indicating a significant milestone as the first sizable biotech IPO since February [1] Company Summary - The amount raised in the IPO is $285 million, showcasing strong investor interest in the biotech sector [1] - This IPO marks a notable event in the biotech industry, as it is the first substantial offering since February, suggesting a potential resurgence in biotech fundraising activities [1]