Saudi Oil; Trump Stirs the Pot; Jann Wenner Sells: Sunday Wrapby
Biggest crude producer is seen open to freeze or cut at talks
Was billionaire serious about debate invite? Surrogates say no
Here are highlights of Sunday’s top breaking stories from around the world:
With the global crude market worsening, Saudi Arabia is poised to consider a freeze or even a cut in output, Algeria’s energy minister said in an interview. Algeria hosts this week’s talks among OPEC members and other producers. Oil rallied in early trading Monday in Asia.
Serious invitation or mere provocation? After Donald Trump suggested he would ask a self-described, long-ago mistress to Bill Clinton to be a guest at Monday night’s presidential debate, his surrogates flooded the Sunday shows to say that the idea was just a way to bait Hillary Clinton’s campaign.
Saudi Arabia is riding to the rescue of lenders in the kingdom with a surprise $5.3 billion cash injection. The deposits are “on behalf of government entities,” the Saudi Arabian Monetary Agency said. It’s the latest sign of fallout from low oil prices.
Rolling Stone magazine’s 39-year, go-it-alone run is ending, as founder Jann Wenner sells a 49 percent stake to a startup run by a scion of a Singapore agribusiness family. The deal marks the first time Wenner has brought in an outside investor. Wenner’s son and the buyer bonded over a shared love of guitars.
U.K. Foreign Secretary Boris Johnson, slapped down last week by Prime Minister Theresa May for discussing the timing of a Brexit trigger, remained unbowed in declaring “we can’t let the process drag on.” He also weighed in on Russia’s role in Syria’s bloody civil war, suggesting that Vladimir Putin’s government may be guilty of war crimes.
Not all remakes are created equal. After disappointing summer debuts for some do-overs and sequels, Sony led the North American box office with “The Magnificent Seven,” a shoot-’em-up Western headlined by Denzel Washington that follows in the footsteps of Steve McQueen and his 1960 crew, as well as Akira Kurosawa’s 1954 Japanese-language “Seven Samurai.”