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Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada. Artur Widak | Nurphoto | Getty ImagesSaudi Aramco on Tuesday posted a drop in second-quarter revenues, citing lower crude oil and refined chemical products prices that were only partially offset by higher traded volumes.The world’s largest oil company declared an adjusted net income of 92.04 billion Saudi riyal ($24.5 billion) over the three months to the end of June. The…

​JPMorgan Chase, the largest bank in the United States, has a global trends advisory organization called the Center for Geopolitics. One of its recent studies believes the Ukraine war’s likely outcome is a mixed deal between Russia and Ukraine without foreign troops or security guarantees. We may be seeing that outcome develop as Steven Witkoff, President Donald Trump’s special envoy, heads to Moscow. In May, the JPMorgan Chase Center published a brief study titled “The Russia-Ukraine Endgame and the Future of Europe.” The authors, Derek Chollet, managing director and head of the Center, and Lisa Sawyer, executive director for geopolitics, served under Joe Biden at…

A little-known regulatory proposal taking shape in the United States could deliver a welcome boost to Europe’s stock exchanges, which have been struggling for years to stem an exodus of companies to New York. The Securities and Exchange Commission is in the early stages of a proposal to tighten the rules for foreign companies that trade on U.S. exchanges, a move that could inadvertently prompt dozens of stocks to seek a secondary listing in London or another major financial center. The plan targets the definition of a “Foreign Private Issuer” — a status that allows non-U.S. companies like chip stock…

European pharma firms unrattled by Trump 250% tariff threatInvestors in pharmaceutical firms appeared unrattled after U.S. President Donald Trump told CNBC’s “Squawk Box” that planned tariffs on pharmaceuticals imported into the U.S. could eventually hit 250%, the highest rate he has threatened so far.In early July, he threatened 200% tariffs on pharmaceuticals.Novartis shares were last 0.9% higher, little changed from earlier in the session. Ozempic-maker Novo Nordisk was down 1.3%, while the U.K.’s AstraZeneca rose 0.8%.— Jenni Reid, Annika Kim ConstantinoTrump joins ‘Squawk Box’ to discuss chips, pharma and morePresident Donald Trump spoke with “Squawk Box” in a wide-ranging conversation. Here are…

The United States is launching a pilot program that could require some inbound travelers to pay bonds of up to $15,000 to enter.   The 12-month program is aimed, in part, at visitors from countries with historically high visa overstay rates, according to a temporary final rule posted in the Federal Register on Tuesday.It’s the latest move by the Trump administration to tighten immigration laws in the U.S., following a travel ban on nationals from 12 countries in June and a $250 “visa integrity fee” announcement in July.Here’s what we know about the bond program, based on the Federal Register notice:When…

Students from Gurukul School of Art, carry a poster of Prime Minister of India Narendra Modi and U.S. President Donald Trump on India outside their school. U.S. President Donald Trump imposed a 25% tariff on India along with penalties for buying oil and military equipments from Russia.Sopa Images | Lightrocket | Getty ImagesIndia said it was being “targeted” by the U.S. and the European Union over its imports of Russian oil after U.S. President Donald Trump in an overnight social media post threatened New Delhi with much steeper tariffs.India began importing oil from Russia only after “traditional supplies” were diverted…

U.S. President Donald Trump speaks to reporters near Air Force One at the the Lehigh Valley International Airport on August 03, 2025 in Allentown, Pennsylvania. Anna Moneymaker | Getty Images The U.S. Bureau of Labor Statistics’ July’s jobs report revised previous months’ figures down so dramatically that U.S. President Donald Trump called it “RIGGED” and “CONCOCTED.”Markets, however, seem to have shrugged off their worries for now — U.S. stocks rebounded Monday from the sell-off on Friday after the report was released. The move, however, could be more an instinctive reflex than a reflection of what’s really driving markets.”Today is sort…

KARACHI, Pakistan (AP) — For nearly four decades, the World Health Organization and partners have been trying to rid the world of polio, a paralytic disease that has existed since prehistoric times. While cases have dropped more than 99%, polio remains entrenched in parts of Afghanistanand Pakistan. In its quest to eliminate the virus, WHO and its partners in the Global Polio Eradication Initiative have been derailed by mismanagement and what insiders describe as blind allegiance to an outdated strategy and a problematic oral vaccine, according to workers, polio experts and internal materials obtained by the Associated Press.Officials tout the…

KARACHI, Pakistan (AP) — For the past decade, Sughra Ayaz has traveled door to door in southeastern Pakistan, pleading with parents to allow children to be vaccinated against polio as part of a global campaign to wipe out the paralytic disease. She hears their demands and fears. Some are practical – families need basics like food and water more than vaccines. Others are simply unfounded – the oral doses are meant to sterilize their kids. Amid rampant misinformation and immense pressure for the campaign to succeed, Ayaz said, some managers have instructed workers to falsely mark children as immunized. And…

U.S. President Donald Trump is pushing China and India to stop buying oil from Russia and helping fund the Kremlin’s war against Ukraine.Trump is raising the issue as he seeks to press Russian President Vladimir Putin to agree to a ceasefire.But cheap Russian oil benefits refiners in those countries as well as meeting their needs for energy, and they’re not showing any inclination to halt the practice. Three countries are big buyers of Russian oilChina, India and Turkey are the biggest recipients of oil that used to go to the European Union. The EU’s decision to boycott most Russian seaborne…