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Suben los precios del petróleo luego de que los productores de la OPEP+ anuncian recortes por sorpresa

Published Thu, 20 Feb 2025 11:18:52 GMT

(CNN) — Los precios del petróleo subieron este lunes en los mercados asiáticos después de que los productores de la OPEP+ anunciaran por sorpresa un recorte de la producción.El crudo Brent, de referencia mundial, subió un 4,8%, hasta US$ 83,73 el barril, mientras que el WTI, de referencia en Estados Unidos, subió un 4,9%, hasta US$ 79,36.La subida de los precios del petróleo podría significar que la inflación se mantenga más alta durante más tiempo, añadiendo presión a un tema candente para los consumidores de todo el mundo.La Fed sube las tasas de interés en un cuarto de punto, mientras las turbulencias bancarias complican la lucha contra la inflaciónArabia Saudí anunció este domingo que iniciaría “una reducción voluntaria” de su producción de crudo, junto con otros miembros o aliados de la Organización de Países Exportadores de Petróleo (OPEP).Los recortes comenzarán en mayo y durarán hasta finales de año, según un funcionario del Ministerio de Energía saudí cita...

Emergency crews search water near Boston Seaport

Published Thu, 20 Feb 2025 11:18:52 GMT

Emergency crews are searching the water near Boston Seaport Monday morning. State and local first responders began the search overnight and remain on scene as of 6 a.m. Several search boats are assisting and a crane was brought in to help with the search. There is no word yet on what officials are looking for. This is a developing story; stay with 7NEWS on-air and online for the latest updates.

The Orioles could be on the playoff margin all season. Their first series showed how thin it is. | ANALYSIS

Published Thu, 20 Feb 2025 11:18:52 GMT

Back in December, when “liftoff” was still a word fans hoped would define the Orioles’ offseason, executive vice president and general manager Mike Elias said it would be difficult to “chart a course” for the team to be division front-runners. The goal, he said then and has since repeated, was to reach the postseason.The winter ended without Baltimore having done enough to even make that a likelihood, and thus, in an ideal scenario, the Orioles will spend this season somewhere on the margin of in and out of the postseason hunt. Their first series this weekend in Boston showed how thin that margin could be.In dropping two out of three game against a Red Sox team projected to join them near the bottom of the American League East standings, the Orioles impressed offensively but struggled on the mound and in the field in each game. Given that Baltimore’s hopes of reaching the playoff could well come down to a one-game margin, each defeat could prove t...

Leaders of Egypt, Saudi Arabia meet after months of tension

Published Thu, 20 Feb 2025 11:18:52 GMT

CAIRO (AP) — The leaders of Egypt and Saudi Arabia have met in the kingdom amid months of tension between the two regional powers, officials said Monday.President Abdel Fattah el-Sissi and Crown Prince Mohammed bin Salman, the de facto leader of Saudi Arabia, held talks late Sunday that focused on ties between the two heavyweights, according to Egyptian presidential spokesman Ahmed Fahmy.Fahmy said in a statement that the two leaders “affirmed mutual concern for promoting common cooperation in all fields.” They also agreed to continue “coordination and consultation” on regional and international topics, he added.The statement did not give further details. The meeting came as el-Sissi’s government is struggling to overcome an economic crises blamed on the war in Europe, but also under what critics say is mismanagement of the economy. It also came as two heavy powers have sought to mend their frayed ties with other regional powers, including Iran and Turkey.Bin Salman, widely kn...

Russia blames Ukraine for bomb that killed military blogger

Published Thu, 20 Feb 2025 11:18:52 GMT

Russia’s top counterterrorism agency said Monday that the bombing attack that killed a well-known Russian military blogger was staged by Ukrainian security agencies.Russian officials said Vladlen Tatarsky, 40, was killed Sunday as he was leading a discussion at a cafe on the banks of the Neva River in the historic heart of St. Petersburg. Over 30 people were wounded by the blast, and 10 of them remain in grave condition, according to the authorities.The National Anti-Terrorist Committee, a state structure that coordinates counterterrorism, said that the attack on Tatarsky was “planned by Ukrainian special services” with the involvement of people who have cooperated with an anti-corruption foundation created by jailed Russian opposition leader Alexei Navalny. It noted that the arrested suspect was an “active supporter” of Navalny’s group.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Russian police on Monday arrested a woman suspected of delivering a bomb that kille...

Oil prices soar on producer output cuts; World shares higher

Published Thu, 20 Feb 2025 11:18:52 GMT

BANGKOK (AP) — Oil prices soared nearly 6% on Monday after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May until the end of the year. Shares in Asia were mixed. U.S. benchmark crude oil rose $4.24 to $79.91 per barrel, or 5.6%, in electronic trading on the New York Mercantile Exchange. It rose $1.30 to $75.67 per barrel on Friday, ahead of the weekend meeting where members of the so-called OPEC+ group of oil exporting countries decided on the cuts, which are in addition to a reduction announced last October that infuriated the Biden administration. Brent crude, the pricing basis for international oils, gained $4.35 to $84.24 per barrel, or 5.4%. The cuts in oil output immediately pushed prices higher and were expected to boost gas prices, adding to strains in many countries where high fuel prices are a heavy burden. Higher oil prices also will complicate the efforts by central banks to rein in inflation. “This will cr...

Romanian, German, Moldovan leaders meet in Bucharest

Published Thu, 20 Feb 2025 11:18:52 GMT

BUCHAREST, Romania (AP) — German Chancellor Olaf Scholz will pay an official visit to Romania’s capital on Monday for trilateral talks with the presidents of Romania and Moldova, as the three nations look to boost ties on a range of topics amid Russia’s war in Ukraine.The German leader will meet first with Romanian President Klaus Iohannis at Cotroceni Palace in Bucharest, for bilateral talks focussed on security, economy, and energy. They will also discuss defense cooperation on NATO’s eastern flank and security in the Black Sea region.Iohannis’ office said the aim of the talks is to ensure “close coordination” within the European Union and NATO, as well as ways to support Ukraine and Moldova, both of which were granted EU candidate status last June in the wake of Russia’s full-scale invasion of Ukraine. Other topics will include helping Ukrainian refugees and facilitating the transit of Ukrainian grain to the global market as the war drags on. Later on Monday, Iohannis and S...

Biden to push clean energy, economic agenda in Minneapolis

Published Thu, 20 Feb 2025 11:18:52 GMT

WILMINGTON, Del. (AP) — President Joe Biden is set to tour a clean energy technology manufacturer in suburban Minneapolis on Monday as part of his effort to highlight his investment agenda ahead of an expected reelection campaign.Biden plans to highlight job growth and investments nationwide while pushing clean energy and manufacturing in the U.S. during his visit to engine maker Cummins Inc. The company intends to announce in conjunction with the Democratic president’s visit that it’s investing more than $1 billion in its U.S. engine manufacturing network in Indiana, North Carolina and New York to update facilities so they can produce low- to zero-carbon engines. According to the White House, Biden’s economic plan has led to $2.7 billion in federal funding for roughly 182 infrastructure projects across Minnesota, including transportation projects and better access to clean water.The president regularly highlights the CHIPS Act, the $1.9 trillion COVID-19 relief bi...

Swiss prosecutors probe Credit Suisse ahead of UBS takeover

Published Thu, 20 Feb 2025 11:18:52 GMT

GENEVA (AP) — The Swiss attorney general’s office says it has opened a probe into the events surrounding embattled bank Credit Suisse, which is to be taken over by rival UBS.Switzerland’s government and financial regulators helped engineer the hastily arranged, $3.25 billion agreement that was aimed in part to help calm worries about the global financial system and will leave the country with a single huge global bank.The attorney general’s office said Monday that it wanted to “proactively fulfill its remit and its responsibility to contribute to a clean Swiss financial sector.” It said that it has set up “monitoring” that would enable it to get involved immediately if any offenses were committed that come under its auspices.The office said the probe falls short of a formal investigation and is not a criminal inquiry. The office was responding to an emailed request Monday for comment after the Financial Times reported about the probe over the weekend. The statement made ...

UK passport office workers kick off 5-week strike

Published Thu, 20 Feb 2025 11:18:52 GMT

LONDON (AP) — British passport office workers kicked off a five-week strike on Monday, as the latest group of civil servants to demand a pay raise in response to double-digit inflation threatened to cause headaches for travelers ahead of the summer holiday season.The walkout by some 1,000 members of the Public and Commercial Services union is taking place as Britons seek to renew their travel documents in preparation for their summer vacations. Despite fears of delays, the government hasn’t changed its estimate that it will take up to 10 weeks to get a passport.The walkout is the latest in a wave of strikes that has disrupted Britons’ lives for months. Public-sector workers including doctors, teachers, train and bus drivers, airport baggage handlers, border officers and postal workers are demanding pay increases to keep pace with inflation, which stands at 10.4%.A cost-of-living crisis fueled by sharp rises in food and energy prices following Russia’s invasion of Ukraine has left ma...