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Oil prices rise as looming Norway strike adds to disruptions

Oil prices rise as looming Norway strike adds to disruptions

Lower oil prices are particularly important to US consumers in the summer months when driving reaches its heaviest. OPEC, Russia and several other producers recently agreed to increase output by 1...

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Under pressure from Trump, Pfizer agrees to roll back price hikes

Under pressure from Trump, Pfizer agrees to roll back price hikes

Mr. Trump tweeted that he and Health Secretary Alex Azar discussed the issue Tuesday with Read. "And there's very little bidding on drugs", Trump said during an event at Trump Tower in NY. His comme...

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India cuts Iranian oil importsin June ahead of U.S. sanctions

India cuts Iranian oil importsin June ahead of U.S. sanctions

While the U.S. wants all countries, India included, to reduce oil imports from Iran to zero, Washington's ambassador to the UN Nikki Haley had said a fortnight ago that the Americans were open to work...

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Trump administration announces $US200 billion in extra China tariffs

Trump administration announces $US200 billion in extra China tariffs

U.S. Trade Representative Robert Lighthizer late on Tuesday accused China of retaliating to its tariffs "without any global legal basis or justification". " Tariffs are taxes , plain and simple". ...

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Erdogan assumes greater powers as Turkey's new era begins

Erdogan assumes greater powers as Turkey's new era begins

But his opponents fear that his new role as executive president will destroy Turkish democracy. Erdogan will face immediate and major challenges in his second term, posed by an imbalanced if fast-gr...

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The Stakes Just Got Higher in the 21st Century Fox v

The Stakes Just Got Higher in the 21st Century Fox v

Fox offered £14 per share to value Sky at £24.5 billion ($32 billion), 12% more than Comcast's rival £22 billion offer. "We could be seeing a bidding prioritization by Comcast for Sky over Fox, per...

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Jobs Report: Workers Are Quitting Their Jobs at Dotcom Bubble Rates

Jobs Report: Workers Are Quitting Their Jobs at Dotcom Bubble Rates

In May, there were 6.64 million jobs advertised-when there were only 6.1 million unemployed people. The government report found that the type of employees who are choosing to leave for greener pastu...

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China among 20 most innovative economies for first time, report says

China among 20 most innovative economies for first time, report says

Kenya was noted to have achieved high levels of innovation relative to its level of development, continuously since 2011. Its strengths were access to credit (especially microfinance loans), innova...

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Turkish president attends North Atlantic Treaty Organisation summit in Brussels

Turkish president attends North Atlantic Treaty Organisation summit in Brussels

The introduction of the new presidential system marks the biggest overhaul of governance since the republic was established on the ruins of the Ottoman Empire almost a century ago. The Amir left An...

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Bank of Canada Raises Key Interest Rate To 1.50%

Bank of Canada Raises Key Interest Rate To 1.50%

However, the central bank said it would take a gradual approach to future rate increases amid mounting tensions over trade with the USA, among other uncertainties. "Although there will be hard adjustm...

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US

US "opening Fire" On World With Tariffs, Says China

If you like Chick-fil-A sandwiches, for instance, you may feel the impact of the tariffs. "Today, the acquisition of a Silicon Valley startup or even a health care provider may raise just as serious...

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Wall Street gains; investors expect strong earnings

Wall Street gains; investors expect strong earnings

JPMorgan Chase , Wells Fargo and Citigroup are scheduled to report results on Friday. The United States and China engaged in tit-for-tat tariffs on Friday, both countries imposing duties worth $...

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United States fires next shot in China trade war

United States fires next shot in China trade war

The Trump administration is readying tariffs on another $200 billion U.S. in Chinese imports, ranging from burglar alarms to mackerel. President Donald Trump has threatened to tax as much as $550 bi...

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US lists US$200b in Chinese goods to be hit with tariffs

US lists US$200b in Chinese goods to be hit with tariffs

The president last month asked the U.S. Trade Representative's office to identify US$200 billion of Chinese goods that could be hit with 10 percent tariffs. "Although I have supported the administrati...

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Don't blame OPEC, oil producer group says of Trump criticism

Don't blame OPEC, oil producer group says of Trump criticism

OPEC is doing its best to offset supply disruptions around the world, but it has no intention of "overdoing it", Bloomberg reports , citing the cartel's president, UAE's energy minister Suhail al-Maz...

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Erdogan sworn in with new powers, names son-in-law as finance minister

Erdogan sworn in with new powers, names son-in-law as finance minister

He also promised to "leave behind a system that cost the country heavily because of the political, social and economic chaos it caused in the past", according to Hurriyet Daily News . His supporter...

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Jobs Report Beat Could Mean July Rate Hike

Jobs Report Beat Could Mean July Rate Hike

OTTAWA-Canada added more jobs than expected in June and wages continued to advance at a strong pace, bolstering expectations that the Bank of Canada will raise the benchmark interest rate next week. "...

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Data breach on Timehop app exposes details of 21 MILLION users

Data breach on Timehop app exposes details of 21 MILLION users

The stolen data comprised mostly of user names and email addresses. From those affected users, the hackers also gained access to roughly 4.7 million phone numbers, the company wrote in a Sunday b...

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Iran oil minister: No change in production, export

Iran oil minister: No change in production, export

Iran's Oil Minister Bijan Zanganeh talks to journalists at the beginning of an OPEC meeting in Vienna, Austria, June 22, 2018. Iran's oil minister on Saturday accused U.S. Last Friday, unnamed s...

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Britain's Gove says Brexit plan is a realistic compromise

Britain's Gove says Brexit plan is a realistic compromise

The Prime Minister emerged from the meeting, saying her cabinet had agreed a collective position for the future of Britain's negotiations with the EU. He said the briefings "will massively calm the ne...

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United States soybean farmers say China tariffs could result in 'serious damage'

United States soybean farmers say China tariffs could result in 'serious damage'

The American tariffs are the result of President Donald Trump's bid to protect United States jobs and stop "unfair transfers of American technology and intellectual property to China ". Washingto...

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Woman on oxygen machine dies after power company cuts off electricity

Woman on oxygen machine dies after power company cuts off electricity

A hospice nurse told the 68-year-old's family Daniels would pass away "in God's time", relatives recently told New Jersey's News 12 . "And she's a senior". A utility also "may not shut-off residentia...

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UK's top Brexit minister quits govt, cites policy differences with PM May

UK's top Brexit minister quits govt, cites policy differences with PM May

Many eurosceptics are angry, saying the agreed strategy betrays her promise for a clean break with the European Union, raising the prospect that some could try to unseat her. The junior Brexit ministe...

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Starbucks to Eliminate Plastic Straws by 2020

Starbucks to Eliminate Plastic Straws by 2020

These now come with drinks like the Starbucks Draft Nitro and Cold Foam, and will come with the Salted Cream Cold Foam Cold Brew to be released on Tuesday. A number of local governments have recentl...

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Plane crew rescues French bulldog with oxygen mask for flight

Plane crew rescues French bulldog with oxygen mask for flight

Michelle and Steven Burt were on a JetBlue flight from Florida to MA last week when they noticed their dog Darcy seemed distressed, according to a letter from Mrs Burt published on The Everyda...

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Crude Mixed as Asian Refiners React to Impending Trade War

Crude Mixed as Asian Refiners React to Impending Trade War

Reuters on Friday reported that Asian oil refiners are racing to secure crude supplies in anticipation of tensions with China (which has has threatened a 25 percent duty on imports of USA crude...

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US city says to stop sucking on plastic

US city says to stop sucking on plastic

The ban is part of a 2008 ordinance that banned any one-time-use food-service items that aren't recyclable or compostable. 'Plastic pollution is surpassing crisis levels in the world's oceans, and I...

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Xiaomi IPO: Xiaomi Falls Then Rises in Hong Kong Debut

Xiaomi IPO: Xiaomi Falls Then Rises in Hong Kong Debut

Xiaomi's listing comes at a delicate time for Hong Kong's stock market, with the benchmark Hang Seng index falling 2.7 per cent last week and 5.8 per cent this year as investors fret over escalating t...

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Rescuers prepare to move rest of boys, coach from Thai cave

Rescuers prepare to move rest of boys, coach from Thai cave

But, their conditions are unknown. As of this writing, four of the boys have already been rescued but operations have been put on hold to restock on supplies. "If something changes, we'll stop", h...

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ZTE names new CEO, other top executives to comply with US mandate

ZTE names new CEO, other top executives to comply with US mandate

ZTE has promised to change its top management within 30 days of agreeing a $1.4 billion settlement with USA authorities in June. The company's new CEO is Xu Ziyang, who had headed up ZTE's German di...

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