Fesharaki Says Adnoc's $19B Santos Bid Is A Good Deal

FGE's Chairman Emeritus Fereidun Fesharaki says Adnoc's $19 billion bid for Australia's Santos is a very good deal, but doubtful whether the Australian government will clear it. (Source: Bloomberg)

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Nearly 1,000 Ships' GPS Jammed Near Iran Daily, Navy Group Says

(Bloomberg) -- Close to 1,000 ships a day are seeing their GPS signals jammed near Iran's coast, according to a French naval liaison group. Security Concerns Hit Some of the World's 'Most Livable Cities' One Architect's Quest to Save Mumbai's Heritage From Disappearing JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown The disruption makes it harder to navigate safely at night, in poor visibility or when there's heavy shipping traffic, the MICA Center, which promotes co-operation between navies and commercial shipping said in a post on X. On average 970 vessels have had their signals jammed daily since June 13, it said. It's likely the disruption was an aggravating factor in the fiery crash between the Front Eagle and Adalynn oil tankers earlier this week, the center said, adding that the exact causes of the collision have yet to be determined. Heavy disruption to GPS signal as vessels navigate the narrow Strait of Hormuz has been one of the main impacts on global shipping since Israel attacked Iran last week. About a fifth of the world's oil flows through the narrow waterway, making it a vital chokepoint for energy supplies. Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? The US Has More Copper Than China But No Way to Refine All of It Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Engadget

29 minutes ago

• Engadget

Meta and Oakley announce new 'perfomance AI' smart glasses for athletes

To view this content, you'll need to update your privacy settings. Please click here and view the "Content and social-media partners" setting to do so. Meta is expanding beyond its popular Ray-Ban Meta Smart Glasses with a new lineup of frames created in collaboration with Oakley. The Oakley Meta HSTN (pronounced HOW-stuhn, apparently) will be available in several variants, not unlike Meta's other smart glasses. Meta first teased that it had a new partnership on the way earlier in June, and rumors that the company was expanding beyond its current frames were reported by Bloomberg back in January. Despite rumors that the Oakley glasses would feature a camera embedded in the bridge of the frame, these first models keep the lens on one side and an LED privacy light on the other. The ultra-wide 12MP camera can capture footage in 3K, compared with the 1080p video that the Meta Ray-Bans are capable of recording. Along with taking POV video calls, shooting photos and livestreaming what you see, the camera can be used to answer questions about what you're seeing with the help of Meta AI. Meta CEO Mark Zuckerberg said on Threads that these frames, which are based on Oakley's HSTN style, are "built for action." So they're perhaps designed to be more durable than Meta's older models, though they have the same IPX4 water resistance rating. They feature Prizm and Prizm Polarized lens tech from Oakley, which are designed to protect wearers' eyes from ultraviolet light. The battery is rated for eight hours of typical use on a single charge (which would be double that of the Meta Ray-Bans) and up to 19 hours on standby. With the included charging case, you should be able to juice up Oakley Meta HSTN glasses from zero to 50 percent of battery capacity in 22 minutes, and to 85 percent in 45 minutes. The case, which is not water-resistant, is said to deliver up to 40 additional hours of on-the-go charging. The new frames have open-ear Bluetooth speakers, five onboard microphones and speakers for talking to Meta AI and the ability to take calls, send messages and play music from your phone. There are touch controls on the side of the frames where you can adjust volume and so on. Meta has also been rolling out live translation features for its smart glasses. The company says the Oakley Meta HSTN glasses can help with accessibility too. You'll be able to send messages and take photos hands-free. Meta notes that its AI will be able to describe what the camera is seeing. In addition, wearers will be able to connect to the Be My Eyes network and receive assistance from sighted volunteers. Meta and Oakley say these are "Performance AI glasses." You'll be able to ask Meta AI for contextual information that might help in the moment, such as the wind speed so you can try to adjust for that while you're playing golf. Meta working with Oakley shouldn't come as too much of a surprise. Oakley is owned by EssilorLuxottica, the same fashion conglomerate that owns Ray-Bans. The companies extended their partnership with a new long-term agreement in September 2024 so that they could "collaborate into the next decade to develop multi-generational smart eyewear products." The first, limited-edition Oakley Meta HSTN have gold accents and 24K Prizm Polar lenses. They cost $499 and will be available to preorder starting on July 11 in the US, Canada, UK, Ireland, France, Italy, Spain, Austria, Belgium, Australia, Germany, Sweden, Norway, Finland and Denmark. Meta and Oakley plan to bring the lineup to Mexico, India and the United Arab Emirates later this year. Other models will arrive later in the summer and start at $399. They'll be available in the following frame and lens colors: Oakley Meta HSTN Desert with Prizm Ruby Lenses Oakley Meta HSTN Black with PrizmPolar Black Lenses Oakley Meta HSTN Shiny Brown with Prizm Polar Deep-Water Lenses Oakley Meta HSTN Black with Transitions Amethyst Lenses Oakley Meta HSTN Clear with Transitions Grey Lenses

Bloomberg

30 minutes ago

• Bloomberg

Iran Won't Close Strait of Hormuz, Schork Says

Steven Schork, Schork Group principal and editor, says he does not think Iran will close the Strait of Hormuz because it would hurt India and China, two of their biggest oil export clients. He is on "Bloomberg Surveillance." (Source: Bloomberg)