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Fuelled friendship? Russia becomes China’s biggest oil supplier

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With fuel prices sky high, it isn’t just motorists who are filling-up when they catch a good deal

Russia has become China’s biggest supplier of oil.

This comes as the country sold discounted crude to Beijing amid sanctions over the Ukraine war.

Imports of Russian oil rose by over half from a year earlier to a record level this May,

This has pushed off Saudi Arabia as China’s biggest provider.

China has ramped up purchases of Russian oil despite demand dampened by Covid curbs and a slowing economy.

China and Russia declared their friendship had “no limits” back in Feb… and so chinese companies have ramped up their purchases of Russian crude in recent months after being offered heavy discounts

Just last month, imports into china totalled over 8.4 million tonnes

This comes as buyers in Europe and the U-S shunned Russian energy in line with sanctions over its war on Ukraine.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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