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Twitter’s new owner Elon Musk plans to lay off about half of the social media company’s employees in an effort to cut costs, Bloomberg reported on Wednesday, citing sources. According to the report, the cuts will affect about 3,700 of Twitter’s 7,500 staff. Employees being let go will reportedly be informed of the decision this…

Traditionally Europe-bound Arctic oil grades are now heading East, Reuters reports India and China have stepped up purchases of Russian Arctic oil grades following Western sanctions on Russian crude, Reuters reported on Thursday, citing traders and vessel-tracking data from Refinitiv. The EU, G7 nations and Australia introduced a price cap on Russian oil late last…