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Oil Prices Experience Significant Decline as OPEC+ Increases Output

05.05.2025, 15:00

Oil prices have fallen sharply to multi-year lows following OPEC+ decisions to accelerate production. The latest agreements have led to a notable slump, with U.S. crude oil prices dropping over 4% and global markets reacting negatively. The anticipated supply boost threatens to overwhelm demand,...

Microsoft Shuts Down Skype After 22 Years, Users Transitioned to Teams

05.05.2025, 15:00

In a significant shift, Microsoft has officially shut down Skype, the iconic video calling service that launched in 2003 and once transformed online communication. As of today, users are encouraged to switch to Teams, marking the end of an era for many who fondly remember their experiences with...

Federal Reserve Expected to Maintain Interest Rates Amidst Economic Uncertainty and Tariff Concerns

05.05.2025, 14:00

As economic indicators raise caution flags and tariffs create uncertainty, the Federal Reserve is expected to keep interest rates unchanged. Despite pressure from various quarters, including the Trump administration, Fed policymakers are leaning towards a steady approach. Economists predict no rate...

Tragic Capsizing of Tourist Boats in China Leaves at Least 10 Dead

05.05.2025, 14:00

A sudden storm led to the capsizing of multiple tourist boats in southwest China, resulting in the tragic death of at least 10 individuals. Reports indicate that four boats sank, with dozens hospitalized following the incident. In addition to the fatalities, there are ongoing search efforts for...

Student Loan Collections Resume: Millions of Borrowers Face Financial Challenges

05.05.2025, 14:00

The restart of student loan collections has begun, affecting over 5 million borrowers who are currently in default. After a five-year hiatus due to relief measures, federal student loan payments are due again, and a record percentage of borrowers are reported to be seriously delinquent. The...

Trump Teases Upcoming Trade Deals Amid Economic Pressure

05.05.2025, 14:00

President Trump has suggested that some trade agreements could be announced as soon as this week, igniting optimism among various stakeholders. As economic anxiety builds, the White House is expressing impatience for resolved tariff negotiations. While Trump has indicated potential deals involving...

Israel Approves Major Expansion of Gaza Offensive Amid Rising Tensions

05.05.2025, 14:00

In recent developments, the Israeli security cabinet has unanimously approved plans to significantly expand military operations in Gaza, aimed at capturing all territory within the enclave. Prime Minister Netanyahu confirmed that the strategy involves an indefinite occupation, asserting that...

NHL Playoffs Round 2 Set to Begin Amidst Competitive Matchups

05.05.2025, 13:00

As the NHL Playoffs head into the second round, excitement builds with key matchups and a thrilling schedule announced. The Winnipeg Jets made headlines by defeating the St. Louis Blues in an intense Game 7, clinched by a double-overtime goal from Adam Lowry. For the first time since 2004, three...

US Stock Futures Decline Amid Trade Concerns and Fed Decision

05.05.2025, 12:00

US stock futures are experiencing declines as markets react to multiple factors, including newly imposed tariffs by Trump, the upcoming Federal Reserve meeting, and falling oil prices due to increased output by OPEC+. After setting a record with the longest winning streak in 20 years, stocks are...

Oil Prices Plummet Amid OPEC+ Supply Hikes and Market Concerns

05.05.2025, 12:00

In recent developments, oil prices have seen a significant drop, largely driven by OPEC+ decisions to accelerate output hikes. With most Asian markets closed for holidays, traders reacted to the announcement of increased production, leading to a selloff. This comes as concerns over a potential...

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