logo
Qatar Withdraws Interest for Rosneft's German Operations

Qatar Withdraws Interest for Rosneft's German Operations

Bloomberg10 hours ago

Qatar withdrew its interest in the seized German operations of Russia's state-controlled oil company Rosneft PJSC, according to people familiar with the matter.
The Qatar Investment Authority was the last party interested in the refining assets, leaving their future in limbo, said the people, who asked not to be identified as the discussions are private. That increases the pressure on the new German government to take a decision on the business, which is under a temporary trusteeship that has been extended several times.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Read One Of These Books On Your Summer Vacation: Become A More Hopeful And Compassionate Leader
Read One Of These Books On Your Summer Vacation: Become A More Hopeful And Compassionate Leader

Forbes

time27 minutes ago

  • Forbes

Read One Of These Books On Your Summer Vacation: Become A More Hopeful And Compassionate Leader

Trade out one trashy novel for learning about leadership. Compassionate Leadership is using your head and heart to inspire and influence others, so they can, in turn, inspire and influence others. This approach to leadership has proven to improve ROI, morale, innovation and retention. As a contributor focused on compassionate leadership, I continually scan the media for positive and hopeful stories featuring inspiring leaders. In the current swirl of war, political unrest, violence, and economic uncertainty, it can be difficult to find hope in the news media. Therefore, I have turned to books that focus on solving problems through analysis and innovation, to keep hope alive. I love nonfiction books and years ago, I read a book that spurred me on by Tom Corley, in his book Rich Habits: The Daily Success Habits of Wealthy Individuals (2010), found in his five-year study of 177 self-made millionaires that: I have been striving to read one nonfiction book a month since and I may meet my goal this year, thanks to my efforts to reduce my news consumption. Here are three of the six I have read so far that I highly recommend, for people wanting to become better global citizens and leaders: Book #1 Moral Ambition: Stop Wasting Your Talent and Start Making a Difference By Rutger Bregman (2025): The author is a Dutch Philospher who argues that many bright, capable individuals—especially in fields like finance and consulting, the so-called 'Bermuda Triangle of talent'—are squandering their potential on high‑paying but low‐impact roles. He urges readers to embrace 'moral ambition', a mindset that defines success by societal impact rather than salary or prestige. It may sound boring, but he expertly makes the argument for a new professional path as the answer to many problems using historical references and present-day heroes. He has even created a school to help people transition into careers that make a difference called The School of Morale Ambition, which offers fellowships to professionals ready to work on world problems, such as food scarcity. Book #2: A Different Kind of Power: A Memoir by Jacinda Ardern (2025): Read this raw and raw book, a master class in compassionate leadership. Travel with the author as she tells her life story from her small-town upbringing to global leadership as New Zealand's Prime Minister (2017–2023), all while raising her daughter as the second-ever elected head of government to give birth in office The memoir highlights how empathy and kindness shaped her leadership style and include her experience leading through the worst mass shooting in her country as well as her response to the the COVID‑19 pandemic. It also chronicles the story of what led her to leave public life after dealing with personal and political challenges that left her 'having nothing left in her tank'. For those of you who prefer biographies told through documentary, you can soon watch her story on Apple TV. Book #3:Hidden Potential: The Science of Achieving Greater Things by Adam Grant (2023) In the introduction of his brilliant book, Grant reminds us that 'all talent is equally distributed, but opportunity is not'. I read this book during our government's overzealous DEI reforms, and it gave me hope that we will return to common-sense policies that provide all our citizens with a chance at education and professional equity. He challenges the myth that talent alone determines success. Instead, he argues that growth, character, and opportunity play an even more significant role in realizing our potential. He emphasizes that: The book weaves together stories of unsung achievers, research studies, and insights from psychology and education to demonstrate that the most successful people often started from behind—and achieved success not by raw talent, but by capitalizing on overlooked opportunities. This book reveals how anyone can rise to achieve greater things and offers compassionate leaders a thoughtful roadmap for helping everyone reach their potential. I hope this helps you to escape the grind of the news cycle and find more inspiration through reading. You can find more resources about Compassionate Leadership here.

Soybeans Take Back Some Losses on Friday
Soybeans Take Back Some Losses on Friday

Yahoo

timean hour ago

  • Yahoo

Soybeans Take Back Some Losses on Friday

Soybean bulls fought back on Friday, with futures closing 5 to 8 cents higher on the session. July was down 40 ¼ cents this week, as November fell 36 cents. The cmdtyView national average Cash Bean price was up 4 3/4 cents at $9.84 1/2. Soymeal futures closed the day with more steady trade, firm to 20 cents lower, as July fell $13 this week. Soy Oil ended the day with 15 to 22 point losses, as July fell back 202 points this week. Commitment of Traders data from Friday afternoon showed managed money slashing 35,717 contracts from their modest net long in soybean futures and options. By June 24th, that net long was just 23,448 contracts. In soybean meal, spec traders were a record net long 110,080 contracts. The Outlook for Abundant Coffee Supplies Undercuts Prices What's Driving Platinum? Expectations for Ample Global Coffee Supplies Pressure Prices Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! The forecast is a little spottier this next week with the central Corn Belt looking at 1-2 inces in IA/MN/MO, with southern parts of the ECB seeing up to an inch. USDA reported a private export sale of 119,746 MT of soybeans to Mexico for 2025/26. USDA will release their Grain Stocks report on Monday, with traders surveyed by Bloomberg looking for 974 mbu of soybean stocks on June 1, with a range of 936 mbu to 1.022 bbu. That survey also showed an estimated 83.5 million soybean acres. Export commitments of soybeans are 49.474 MMT, as of June 19, which is 98% of the USDA projection, down from the 5-year average of 102%. StatsCanada estimates the Canadian canola acreage at 21.457 million acres, down 2.5% from last years. Soybean acres are seen up 0.5% to 5.737 million acres. Jul 25 Soybeans closed at $10.27 3/4, up 5 cents, Nearby Cash was $9.84 1/4, up 4 3/4 cents, Aug 25 Soybeans closed at $10.33 1/4, up 5 1/2 cents, Nov 25 Soybeans closed at $10.24 3/4, up 8 1/4 cents, New Crop Cash was $9.73, up 8 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio

The S&P 500 has retaken all-time highs. Here's how much European and Chinese stocks raced ahead while U.S. markets regained lost ground
The S&P 500 has retaken all-time highs. Here's how much European and Chinese stocks raced ahead while U.S. markets regained lost ground

Yahoo

timean hour ago

  • Yahoo

The S&P 500 has retaken all-time highs. Here's how much European and Chinese stocks raced ahead while U.S. markets regained lost ground

U.S. stocks have completed a massive round trip, with the S&P 500 returning back to where it was about four months ago. That's after an epic selloff triggered by President Donald Trump's steeper-than-expected tariffs, which have since been put on hold. Meanwhile, stocks in Europe and China have soared as investors turned away from 'American exceptionalism.' The S&P 500 retook the all-time high set on Feb. 19 and surpassed it on Friday, completing a massive roundtrip that saw U.S. stocks crash on President Donald Trump's trade war then claw their way back a few months later. But while investors can feel whole again after witnessing their portfolios get obliterated, there's also lingering regret over what they missed out on—or what could have been. For example, where would the S&P 500 be today if Trump hadn't shocked Wall Street with much steeper than expected tariffs that sent it crashing nearly 20%? At the end of 2024, many Wall Street forecasters expected the broad market index to soar to 7,000 this year or finish just below that threshold, building on two straight years with gains of more than 20% each. Back then, the notion of continued 'American exceptionalism' in the global economy and financial markets remained the dominant narrative, as investors focused more on Trump's tax cuts and deregulation than his tariffs. That contrasted with views for more stagnation in Europe and further slowing in China. Fast-forward to today, and the script has flipped. Investors plowed capital into overseas markets, especially after 'Liberation Day' in early April. The U.S. Dollar Index is down 10% this year as investors no longer see America as exceptional and doubt the safe-haven status of the greenback. Meanwhile, Europe and China are looking for ways to boost growth and offset an expected drag from weaker exports to the U.S. Europe is eyeing ways to deregulate and plans a big dose of fiscal stimulus in the form of more defense spending. That's as NATO allies rush to rearm amid Trump's demands for more burden-sharing, fears of Russian aggression, and doubts about the U.S. security shield. China, the top target of Trump's trade war, has also unleashed more fiscal stimulus and vowed increased support for consumers as Beijing seeks to shift its economy more toward domestic demand and away from export-oriented growth. At the same time, China's gains in AI, as demonstrated by DeepSeek's stunning advances, have added to the bullishness. Those policy pivots have fueled stock rallies that are largely beating U.S. markets, meaning investors who shunned Europe and China missed out on big gains. The DAX stock market index in Germany is up 20% year to date, and the MSCI Europe stock index has surged 21%. Other European indexes have made more modest gains but still are outperforming the U.S., with the FTSE 100 up 8%. In China, Hong Kong's Hang Seng Index is up 21% this year, and the iShares MSCI China ETF is up 18%. (But the Shanghai index has only eked out a 2% gain so far in 2025.) For its part, the S&P 500 is now ahead 5% this year. That's after Trump put his most aggressive tariff rates on hold and reached trade deals with the U.K. and China. Meanwhile, corporate earnings held up, inflation readings didn't spike, and some Federal Reserve policymakers pushed for earlier rate cuts. But the U.S. stock market recovery is built on hope as much as actual results. Investors are hoping the trade war doesn't escalate again, inflation stays in check, earnings can power through, and the economy doesn't tip into a recession—not to mention containing tension in the Middle East. To be sure, it's still possible for the S&P 500 to reach those upbeat forecasts that Wall Street saw before Trump's trade war. But the key question for investors is whether U.S. stocks can return to long-term outperformance over other markets. This story was originally featured on Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store