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Yahoo
26 minutes ago
- Yahoo
Oil slips as Russia supply concerns ease after Trump-Putin meet
By Florence Tan SINGAPORE (Reuters) -Oil prices slipped in early Asian trade on Monday as the United States did not exert more pressure on Russia to end the Ukraine war by implementing further measures to disrupt Moscow's oil exports after presidents from both countries met on Friday. Brent crude futures dropped 32 cents, or 0.49%, to $65.53 a barrel by 2213 GMT while U.S. West Texas Intermediate crude was at $62.57 a barrel, down 23 cents. U.S. President Donald Trump met Russian President Vladimir Putin in Alaska on Friday and emerged more aligned with Moscow on seeking a peace deal instead of a ceasefire first. Trump will meet Ukrainian President Volodymyr Zelenskiy and European leaders on Monday to strike a quick peace deal to end Europe's deadliest war in 80 years. "What was primarily in play were the secondary tariffs targeting the key importers of Russian energy, and President Trump has indeed indicated that he will pause pursuing incremental action on this front, at least for China," RBC Capital analyst Helima Croft said in a note. "The status quo remains largely intact for now," she said, adding that Moscow will not walk back on territorial demands while Ukraine and some European leaders will balk at the land-for-peace deal. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26 minutes ago
- Yahoo
Decades of Socialist Rule at Stake as Bolivia Vote Count Starts
(Bloomberg) -- The vote count is underway in Bolivia's presidential and congressional elections that may end years of socialist rule and herald warmer relations with Washington. The US-Canadian Road Safety Gap Is Getting Wider A Photographer's Pipe Dream: Capturing New York's Vast Water System Festivals and Parades Are Canceled Amid US Immigration Anxiety A London Apartment Tower With Echoes of Victorian Rail and Ancient Rome Princeton Plans New Budget Cuts as Pressure From Trump Builds The election took place amid unrest, shortages and the steepest inflation in more than three decades. The economic crisis has undermined support for the ruling MAS party, which has held power almost without interruption since 2006. Two pro-business candidates are battling for the upper hand in a field of eight presidential aspirants. Preliminary results are expected on Sunday evening. Samuel Doria Medina made a fortune in cement, then invested in fast food chains such as Burger King and Subway. Jorge Tuto Quiroga served as president in 2001-2002 when President Hugo Bánzer Suárez stepped down due to ill health. Both candidates say they would cut spending and seek international loans to inject capital into the economy. Both also would seek foreign investment in oil and gas exploration and in lithium production — Bolivia is home to the world's largest deposits of the metal. The highest-profile leftist candidate is Andrónico Rodríguez, a socialist senator who has distanced himself from both the current president, Luis Arce, and former President Evo Morales, whose feud split the ruling party. Arce opted not to run for a second term. Morales called on supporters to spoil their votes. The election is the first since 2005 when neither Morales nor a hand-picked successor were on the ballot. Under Bolivian election rules, a candidate can win in the first round with just 40% of the vote, provided there's a margin of more than ten percentage points over the runner-up. If no one wins in the first round, there'll be a runoff on Oct. 19. The new president will be sworn in on Nov. 8. The economy has been struggling for a decade amid declining natural gas production and dwindling central bank dollar reserves. Bolivia's dollar bonds have been among the top performers in emerging markets this year, on optimism that the election will herald a government able to unlock international loans and implement economic reforms. Under Morales and Arce, Bolivia had close links with Venezuela, Nicaragua, Russia and China but often had sour relations with Washington. What Declining Cardboard Box Sales Tell Us About the US Economy Americans Are Getting Priced Out of Homeownership at Record Rates Living With 12 Strangers to Ease a Housing Crunch Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan How Syrian Immigrants Are Boosting Germany's Economy ©2025 Bloomberg L.P. Effettua l'accesso per consultare il tuo portafoglio


The Hill
27 minutes ago
- The Hill
Restaurant attendance takes a dive in DC after Trump's police actions
Restaurant attendance in the nation's capital has taken a dive in the wake of President Trump's Washington, D.C., crackdown on crime, according to data from OpenTable. Last Monday, Trump announced he was taking federal control of D.C.'s police department and deploying the National Guard in the city in an effort to fight crime. Beginning that Monday, seated diners at Washington restaurants due to online reservations started to drop dramatically in comparison to the prior year, dipping 16 percent. On Wednesday, the amount of seated diners at restaurants due to reservations fell 31 percent, slightly recovering to down by 20 percent on Saturday. WUSA was the first to report on the D.C. OpenTable data. D.C. residents have expressed their outrage towards the president's recent actions in their city via protests. On Wednesday, federal law enforcement officers were heckled in a relatively busy area in Washington's Northwestern quadrant. Trump's crime crackdown has also reignited calls for D.C. statehood, with the District also not having its own voting member of Congress. Attorney General Pam Bondi said on Sunday that authorities arrested 68 people overnight in D.C. 'Over 300 arrests in D.C. — and counting: Just last night, our federal and DC law enforcement partners made 68 arrests and seized 15 illegal firearms,' Bondi said in a post on the social platform X. 'Homicide suspects, drug traffickers, and more are being charged. I'll continue to stand with you as we make DC safe again!' Sen. Chris Murphy (D-Conn.) on Sunday dismissed Trump's recent crackdown on the nation's capitol as a 'stunt.' 'What's happening here in Washington, D.C., is just a stunt. Donald Trump didn't like the fact that the walls were closing in on him, that his own base was questioning why he wouldn't release the Epstein files, why he was protecting very powerful people,' Murphy told NBC News's Kristen Welker on 'Meet the Press.'