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Finance & Markets

Standard Chartered Says Hormuz Oil Flows Are Far From Normal

Oil flows through the Middle East have staged an impressive rebound, with export volumes recovering to near pre-war levels even as traffic through the Strait of Hormuz remains well below normal.

  • Oil exports from Middle East near pre-war levels at 16.5 million barrels/day in September
  • Only 60% of barrels passed through Hormuz strait, down from 83% pre-war
  • Complex workarounds like ship-to-ship transfers increase costs and voyage times

World

Record number of school trustees win by acclamation

A historic number of school trustees have automatically won their bid to draft classroom budgets and make public education policy in Winnipeg.

  • Historic high of 11 school trustees elected by acclamation in Winnipeg
  • Five times the average number of uncontested races since 2022
  • Intense debate on parental expectations and inclusion policies

Business

Advanced Navigation expands US manufacturing capacity to Alabama

Company said it is expanding manufacturing in Huntsville to build and deliver high-precision mining navigation technology.

  • Advanced Navigation expands manufacturing in Huntsville, Alabama.
  • $110 million Series C funding supports new PNT Center of Excellence.
  • Facility focuses on advanced technologies for autonomous mining.

AI

AI Agents Knock. Retailers Decide How Wide to Open the Door.

Retailers are drawing different lines on how far artificial intelligence (AI) shopping agents can go on their sites. Amazon blocks outside agents while it builds its own. QVC lets agents complete purchases. Walmart lets Google’s Gemini surface its products, then hands the basket to its own Sparky assistant. Shoppers are forcing the issue.

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