China's Huawei to launch Pura 80 series on June 11
BEIJING, June 3 (Reuters) - China's Huawei Technologies (HWT.UL) said it will launch its Pura 80 smartphones series on June 11, a statement on its social media Weibo account showed.
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Saudi Arabia cuts July oil prices for Asia to nearly 4-year low after OPEC+ supply boost
June 4 (Reuters) - Saudi Arabia, the world's biggest oil exporter, cut its July prices for Asian crude buyers to close to the lowest level in four years on Wednesday, in what the market sees as the country's attempt to regain market share. Saudi Arabia has pushed OPEC+ this year to raise its output targets ahead of schedule. OPEC+ has cited healthy demand and low stocks as the reasons behind increasing production. Those reasons would normally prompt producers to raise selling prices. Saudi Arabia's state firm Aramco ( opens new tab cut the official selling price for the flagship Arab light crude it sells to Asia for July to $1.20 a barrel above the Oman/Dubai average. The OSP premium for June was $1.40 a barrel and in May it was $1.20. A Reuters survey had expected the price cut for Arab light in July to be 40 to 50 cents. Saudi crude OSPs are usually released around the fifth day of each month, and set the price trend for other grades exported by Iran, Kuwait and Iraq, affecting about 9 million barrels per day of crude bound for Asia. Eight OPEC+ countries met on Saturday and agreed to another big increase of 411,000 bpd for July, having increased by the same amount for May and June. The tables below show the full free-on-board prices for June in U.S. dollars.
Reuters
an hour ago
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Apple and Alibaba's AI rollout in China delayed by Trump's trade war, FT reports
June 4 (Reuters) - Apple (AAPL.O), opens new tab and Alibaba's ( opens new tab rollout of artificial intelligence services in China is being delayed by a Beijing regulator, the Financial Times reported on Wednesday. The tech companies in February announced a deal to support iPhones' AI services offering in China, a move likely to help the U.S. company ease falling smartphone sales in its key market. But their applications have been stalled at the Cyberspace Administration of China (CAC), FT reported, citing two people familiar with the matter said, due to increasing geopolitical uncertainties between China and the U.S. Apple and Alibaba did not immediately respond to Reuters requests for comment.
Reuters
an hour ago
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India directs Turkish Airlines to maintain compliance after inspections
June 4 (Reuters) - India directed Turkish Airlines to ensure full compliance with aviation standards and regulations following inspections of the carrier's passenger and cargo flights at several cities, the country's civil aviation ministry said late Wednesday.
