World Report: Oil Prices | Intel's Federal Chips Grant | UniCredit Banco Offer | Sensex Rallies
Oil prices have retreated on Monday following 6% gains last week, but remained near two-week highs as geopolitical tensions grew between Western powers and major oil producers Russia and Iran, raising risks of supply disruption. Intel is set to receive a smaller grant under the CHIPs Act, The New York Times reported on Sunday, as the chipmaker grapples with delays in planned investments amid heightened competition. Italian lender UniCredit said on Monday it had offered to buy rival Banco BPM in a stock deal valued at about 10.09 billion euros or 10.57 billion dollars.
