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Oil prices surge over two percent in early Monday trading

Jun 01, 2026

London [UK], June 1: Oil prices rallied by more than two percent in early trading on Monday as escalating geopolitical risks in the Middle East sparked fresh supply concerns, reversing losses from the previous session.
US crude futures climbed 2.37 dollars, or 2.71%, to reach $89.73 dollars per barrel by 1017 GMT. Brent crude futures also gained 2.07 dollars, or 2.27%, to trade at $93.19 per barrel.
The sharp rebound follows a downturn on Friday, when Brent and US West Texas Intermediate crude fell by 1.8% and 1.7%, respectively.
Source: Emirates News Agency

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Astra Studios and VerSe Innovation launch the Astra-Spark Alliance at MIPCOM, opening an AI-native co-production model to global studios, streamers and brands

Cannes [France], October 13: Astra Studios, backed by India's leading production house Hombale Group, and VerSe Innovation today joined forces to form the Astra-Spark Alliance. The announcement coincides with Astra Studios' launch of AstraLabs, its technology IP arm. The two companies will co-develop and take to market an AI-native production architecture built on SparkStation, VerSe’s AI Content Operating System, which is a unified creative workflow platform that orchestrates the entire content creation journey from ideation and scripting through storyboarding, asset generation including casting, locations, costumes, multi-angle shots, music and dialogue, editing, captioning, rendering, ad formats and distribution live in one continuous pipeline. The alliance combines Astra’s cinematic craft and production expertise with SparkStation’s continuity AI engine and end-to-end pipeline. The aim is high-quality professional-grade film, series, animation and brand content at a speed and cost the industry has not seen before.

Oct 13, 2026