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Putin's Russia-Africa Summit Struggles Amid Diplomatic Isolation
The highly anticipated Russia-Africa summit, a biennial meeting bringing together Russian President Vladimir Putin and African leaders began in St. Petersburg on Thursday. However, this year's summit had a noticeably low attendance. Only 17 heads of African states were present at the event, compared to 43 during the 2019 conference.
Rice And Wheat Prices To Climb Globally Following India Export Ban, Russia Trade Withdrawal
Russia’s decision to pull out of an agreement that guaranteed safe passage for vessels carrying wheat and other grains through the Black Sea sent agricultural commodity prices soaring and reignited concerns about a global food crisis as Moscow stepped up its attacks on Ukrainian ports.
Google Confident About AI
“There’s exciting momentum across our products and the company, which drove strong results this quarter. Our continued leadership in AI and our excellence in engineering and innovation are driving the next evolution of Search, and improving all our services. With fifteen products that each serve half a billion people, and six that serve over two billion each, we have so many opportunities to deliver on our mission,” said Alphabet and Google CEO Sundar Pichai.
Florida Orange Production Reaches Record Low
Florida’s production of oranges has fallen as weather disruptions, shrinking acreage, and citrus greening reduce output to the lowest levels since the 1930s, a persistent development that is leading to higher prices and imports from Brazil.
Lockheed Benefits From Boosted F35 Production
Lockheed Martin revised its financial outlook for fiscal year 2023 as the aerospace and defense contractor reported an increase in second-quarter net sales and a record backlog, benefiting from a higher volume of F-35 production contracts and a rise in orders from its space program.
Morgan Stanley Beats Estimates, Revenue Falls 13%
Morgan Stanley reported second-quarter earnings and revenue that surpassed analysts’ forecasts even as the bank’s profit fell 13% on a slowdown in trading and deal making amid economic uncertainties and “subdued client activity.”
Saudi Sports Investments Draw Federal Scrutiny
Middle East sovereign wealth funds are eyeing sports franchises in the US, where a slew of potential mergers and acquisitions has positioned counties, such as Saudi Arabia and Qatar, as major players. It has also raised concerns about “sportswashing” among Congressional leaders.