BP

The Reserve Bank of Australia has raised its cash rate by 25 basis points and warned that further increases are likely as inflationary risks build. The decision lifts borrowing costs for Australian households and businesses, and analysts are weighing how aggressive the bank may need to be as price pressures persist.

New York City has subpoenaed Elon Musk and his artificial intelligence company xAI as part of an investigation into AI safety. The move makes the city one of the most prominent US local governments to target a major AI developer directly, and it adds regulatory pressure for Musk, whose AI business is already drawing scrutiny alongside his other ventures.

Indonesia's government will provide a $1.1 billion capital injection into BPJS Kesehatan, the state agency that runs the country's universal health insurance scheme. The move is aimed at strengthening the insurer's finances as it covers the medical costs of hundreds of millions of Indonesians under one of the world's largest single-payer health programs.

BP is weighing a sale of its Brazilian biofuels business, according to a Bloomberg News report picked up by Reuters. The potential divestment would mark a retreat in one area of the company's renewables push as it reassesses its energy transition strategy and works to streamline operations and shore up its balance sheet.

A science explainers circulating online walks through the complex process of a kidney transplant, from matching donors and recipients to surgery and recovery. Little context beyond the headline is available, so no specific event, patient, or medical breakthrough is attached to the discussion.

Nigeria's refining capacity is approaching 1.5 million barrels per day of crude demand, a level that could tighten domestic and international crude supply as local refineries ramp up processing. Rising refinery intake may leave less crude available for export, with potential implications for Nigeria's oil revenues, global supply balances and domestic fuel availability as the country works to process more of its own output.