Author: Multibagger News

By Alex Lawler LONDON (Multibagger) – OPEC has made significant downward revisions to its forecast for global oil demand growth in the coming years. In its latest monthly report, the producer group predicted a rise of 2.03 million barrels per day (bpd) in 2024, down from the previous estimate of 2.11 million bpd. This marks OPEC’s second consecutive downward revision. The forecast for 2025 also saw a reduction, with global demand growth estimated at 1.74 million bpd, down from 1.78 million bpd. One of the key factors contributing to the uncertainty in demand growth projections is the varying opinions on…

China Seeks Dialogue to Avoid EU Tariffs on Electric Vehicles: What It Means for Investors BEIJING (Multibagger) – In a strategic move to mitigate upcoming punitive tariffs, China has renewed its offer for talks with the European Commission to address ongoing economic and trade frictions, particularly concerning China-made electric vehicles. During a critical meeting on Monday in Brussels with the European Commission’s Director General for Trade, Vice Commerce Minister Li Fei emphasized China’s willingness to engage in dialogue and consultations. This initiative aims to find a mutually beneficial resolution and was detailed in a statement from China’s Ministry of Commerce.…

Bank of America Adjusts Brazil’s Interest Rate Projection, Expecting 11.75% Selic Rate by Year-End In a recent report, Bank of America has revised its forecast for Brazil’s basic interest rate, predicting the Selic rate to reach 11.75% by the end of the year. This adjustment signals a potential tightening cycle by the Central Bank’s Monetary Policy Committee (Copom), with an initial 0.25 percentage point increase expected next week. The bank’s report suggests that Brazil may raise rates while other central banks are cutting, which could alleviate pressure for future hikes. BofA anticipates two subsequent half-point increases following the September hike,…

French Man Accused of Drugging and Allowing Strangers to Rape His Wife Hospitalized By Antony Paone AVIGNON, France (Multibagger) – A 71-year-old man on trial in France accused of drugging his wife and inviting dozens of strangers to rape her in their home was hospitalised on Tuesday for medical checks and treatment, his lawyer told journalists. Dominique Pelicot, the main defendant in a trial that is set to run until December and has appalled France, had been due to testify later in the day but the presiding court judge ordered him to undergo medical tests first. “Mr Pelicot is not…

As the world becomes more interconnected, the demand for accurate and efficient translation services continues to grow. But can AI ever fully replace human translators? According to experts, it’s unlikely. AI translations may be accurate, but they often lack the lexical richness and nuance of human-translated texts. This is because AI models make choices based on probability, not lived experience, resulting in translations that can feel robotic and lack the “spice of life.” Despite these limitations, the AI translation sector is still a lucrative market for many companies. Among the key players in this space is Smartcat, a Boston-based company…

On Tuesday, Piper Sandler adjusted its price target on Methanex Corporation (NASDAQ:MEOH), a global methanol producer, to $68.00, marking an increase from the previous target of $51.00. The firm has maintained its Overweight rating on the stock. The revision comes after Methanex’s shares experienced a decline following the announcement of the OCI transaction on Sunday evening. Piper Sandler perceives this dip as a chance to purchase Methanex shares at an 8% discount compared to their closing price on September 6. Piper Sandler suggests that the market may be overly concerned with the short-term effects of the increased debt on Methanex’s…

Southwest Airlines’ Strategic Boardroom Shakeup: What You Need to Know Breaking News: Executive Chairman Gary Kelly to Retire as Southwest Airlines Plans Leadership Overhaul (Multibagger) – Southwest Airlines has announced significant changes to its executive leadership team as Gary Kelly, the company’s executive chairman, is set to retire immediately following the 2025 annual meeting. Key Developments: Immediate Retirement of Gary Kelly: After a long and impactful tenure, Gary Kelly will step down, allowing the company to usher in fresh leadership. Board Expansion: Southwest Airlines’ board aims to appoint four new directors. These appointments could include candidates recommended by Elliott Investment…

UPS Acquires Frigo-Trans to Expand Healthcare Cold-Chain Facilities in Europe In a strategic move, UPS has announced its acquisition of Germany-based healthcare logistics firm Frigo-Trans. This acquisition aims to enhance UPS’s healthcare cold-chain facilities in Europe, solidifying its position in the market. Frigo-Trans boasts a robust network that includes temperature-controlled warehousing, freight forwarding capabilities, and a pan-European cold chain transportation solution. Additionally, UPS will also acquire Frigo-Trans’ sister company BPL as part of the deal. The transaction is set to close in the first quarter of 2025, according to UPS. This move underscores UPS’s commitment to strengthening its presence in…

By Vivian Sequera, Mayela Armas and Matt Spetalnick In a recent turn of events, former Venezuelan opposition presidential candidate Edmundo Gonzalez’s departure has left voters feeling disheartened about the prospects of political change. Despite international criticism, President Nicolas Maduro stands firm on the results of the disputed election held in July. While election officials and Venezuela’s top court declare Maduro as the winner, the opposition claims that Gonzalez had a significant lead based on their own tallies. Gonzalez fled the country over the weekend after facing threats of arrest, prompting other Venezuelans to consider leaving as well. With post-election protests…

Robert Kiyosaki’s Bold Prediction for 2034 Revealed: The Key Factor That Will Determine Your Wealth Status In a recent tweet on the X platform, renowned financial expert and author Robert Kiyosaki, best known for his book “Rich Dad Poor Dad,” shared a crucial prediction for 2034. According to Kiyosaki, your financial status in the next 10 years will largely depend on the 10 friends you spend the most time with. Kiyosaki categorizes friends into four groups: employees (“E’s”), self-employed individuals (“S’s”), big business entrepreneurs (“B’s”), and big investors (“I’s”). He emphasizes the importance of choosing the right circle of friends,…