News

Saudi Oil Cuts Throw Last Year's Standout Economy Into Slow Lane - Bloomberg

Bloomberg · last updated

Saudi Oil Cuts Throw Last Year’s Standout Economy Into Slow Lane - Bloomberg

Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek".

On this week's episode of Idea Generation, designer Nicole McLaughlin takes us on a journey from her start as a graphic design intern to becoming a viral sensation on Instagram by crafting creative upcycled shoes. She also explains how she went on to create her own design courses while collaborating with brands like Reebok and Vans.

Saudi National Bank Wanted 40% Stake in Credit Suisse: Blick

ECB Rate Hikes to End Soon at ‘High Plateau,’ Villeroy Says

BOE’s Bailey Rejects Calls to Raise Inflation Goal Above 2%

Inflation Cooling, Though Still Too Elevated for Fed: Eco Week

Natixis CEO Sees ECB Ending Hikes by Year-End as Inflation Slows

Clorox to Cut More than 60 Jobs at Kentucky Factory in Reorganization Push

Jack Ma’s Clash With Beijing Costs Ant, Alibaba $850 Billion

Renault Chairman Says China Raw Material Risk Wakes Him at Night

AI Tool Shows Promise For Treating Brain Cancer, Study Finds

Musk Lauds China’s AI Prowess While Warning of Tech’s Dangers

Nine British Banks Sign Up to New AI Tool for Tackling Scams

Solidarity or Squabbling: Five Things to Watch at NATO’s Summit

Ukraine Recap: US Cluster Bomb Decision Still Causing Waves

The Secret to Selling Houses in a Downturn

Nasa Hataoka Takes Lead at US Women's Open at Pebble Beach

Italy’s Latest Night Train Is a €25,000 Luxury Getaway on Rails

Europe Wasn’t Built for Our Era of Hard Power and War

Hoarding All That Cash Is Eroding Your Wealth

Social Media Rebuff Shows Biden Overstepped on Covid Misinformation

How Africa Can Take Charge of Its Drug and Vaccine Supplies

How Mobile Money Is Bringing Electricity to the World’s Poorest

A Pop-Up Concert Company Gives Bands a Place to Perform, and 70% of the Profit

Departing Female Executives Stunt German Bid to Close Gender Gap

UNC Boosts Income-Based Aid After Supreme Court’s Affirmative Action Ruling

NYC, Swaths of Northeast on Alert for Heavy Rain, Flash Floods

How the Food System Is Changing and What It Means for Investors

San Francisco’s Sluggish Recovery Puts Its Top-Grade Credit Rating at Risk

The Untapped Power of E-Bike Rebates

Manhattan DA Says 6 Indicted in Adams Campaign-Financing Probe

Struggling Bitcoin Miners Wary of Token’s Big ‘Halving’ Event

Bitcoin Rally Falters as More Turmoil, Rates Present Headwinds

Polygon Names New CEO, Shuffles Top Executives as SEC Expands Oversight

Abeer Abu Omar

Sign up for our Middle East newsletter and follow us @middleeast for news on the region.

Saudi Arabia’s decision to extend its oil production cuts — part of a so far largely unsuccessful bid to raise prices — may trigger an economic contraction in what was the Group of 20’s fastest-growing country last year.

Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

More informationabout ENERGY BASICS: petroleum