BOC: Long-term unemployment hits highest since early 2000s excluding COVID. Labour market weakness persists beyond pandemic disruptions.

Safepoint Holdings seeks up to $283.3 million in US IPO. The specialty insurance underwriter filed for an initial public offering.

Safepoint Holdings Inc., a specialty insurance underwriter, is seeking to raise up to $283.3 million in a US initial public offering, according to Bloomberg.

IEA warns global oil inventories draining fast with only weeks of supply left; Kpler analyst says situation may be less critical, normalization could take months even with peace deal.

The International Energy Agency warned that global oil inventories are draining fast with only weeks of supply remaining. However, Naveen Das from Kpler told Reuters the situation may not be as critical as it seems, adding it would take months for oil flows to normalize even if a peace deal was reached.

BP board removes Chairman Albert Manifold with immediate effect over governance and conduct concerns

BP's board chairman Albert Manifold has been removed immediately due to serious concerns about governance standards, oversight, and conduct.

Swiss courts order seizure of Patrick Drahi’s assets in escalating dispute with Altice co-founder Armando Pereira over $1.5B claim.

Swiss courts have ordered the seizure of assets belonging to Patrick Drahi following a lawsuit by Altice co-founder Armando Pereira, who claims he is owed at least 1.2 billion francs ($1.5 billion).