OPEC Secretary General urges to accelerate oil production cuts within OPEC+ framework

Like Iran, another founding member of the Organization of the Petroleum Exporting Countries, Venezuela's oil industry has been blighted by mismanagement, unrest, political instability, diplomatic isolation and sanctions. Venezuela has tried to find a... More..

by | Published 7 days ago
LILLEY: Trudeau needs to take off the gag
by | Thursday, February 14, 2019

LILLEY: Trudeau needs to take off the gag

Canada's Conflict of Interest and Ethics commissioner has launched a probe into Prime Minister Justin Trudeau's alleged illegal attempts to shield engineering giant SNC-Lavalin from criminal fraud and corruptio...More..

Amazon invests in self-driving auto startup Aurora
by | Tuesday, February 12, 2019

Amazon invests in self-driving auto startup Aurora

Chief Technology Officer Drew Bagnell was previously a lead engineer with Uber Technologies Inc.'s self-driving auto group, while Chief Product Officer Sterling Anderson worked at Tesla Inc.as the head of i...More..

Venezuela slams European Union countries for aligning with U.S.
by | Thursday, February 07, 2019

Venezuela slams European Union countries for aligning with U.S.

Venezuela's foreign ministry rejected on Monday several European countries' decision to recognize opposition leader Juan Guaido as interim president. The 35-year-old Guaido, the head of Venezuela's National As...More..

China does not want an increase in tariffs
by | Friday, February 01, 2019

China does not want an increase in tariffs

The talks began two days after the United States charged Chinese telecommunications company Huawei Technologies Co Ltd and its chief financial officer, Meng Wanzhou, with conspiring to violate USA sanctions o...More..

Maduro warns USA against military action in Venezuela
by | Thursday, January 31, 2019

Maduro warns USA against military action in Venezuela

Despite the tensions with Trump, Maduro said he still welcomes USA investment in oil, gas, tourism, technology, gold and diamonds. Russia, Belarus, Bolivia, Iran, China, Cuba, Nicaragua, Salvador and Turkey cam...More..

Venezuelan Opposition Calls For New Protests
by | Tuesday, January 29, 2019

Venezuelan Opposition Calls For New Protests

Venezuela has sunk into a crushing economic crisis under Maduro's policies, with widespread food and medical shortages that have forced millions of people to starve or flee. Washington has threatened to inter...More..

Brexit: May says European Union unlikely to extend Article 50 without a plan
by | Wednesday, January 23, 2019

Brexit: May says European Union unlikely to extend Article 50 without a plan

If the Government fails, then Parliament would be given a vote on whether to extend Article 50 by nine months to avoid no deal . Mr Czaputowicz also told the Rzeczpospolita daily in Poland that a five-year...More..

China ready to punish tech giants who recognise Taiwan
by | Friday, January 18, 2019

China ready to punish tech giants who recognise Taiwan

China has rapidly modernized its military and increased defense spending over the past two decades, posing a security threat to Asia, and Taiwan in particular, a US military intelligence report said. In mid-2...More..

The Next Phase Of The US-China Trade Negotiations Begins
by | Friday, January 11, 2019

The Next Phase Of The US-China Trade Negotiations Begins

As producers say they won't let oil stockpiles exceed normal levels, fears of a slowdown in demand is abating as trade tensions ease between the world's top-two economies. It also said Washington and Beijing ha...More..

Dow Falls 500 Points after Tim Cook Slashes Apple Revenue Forecast
by | Saturday, January 05, 2019

Dow Falls 500 Points after Tim Cook Slashes Apple Revenue Forecast

Shares of the Cupertino, Calif. -based tech giant slid almost 10 percent on Thursday - wiping out more than $75 billion in market cap and knocking it back to No. Apple isn't the only company facing difficult...More..

Tesla selloff on Model 3 delivery news overdone, analyst says
by | Thursday, January 03, 2019

Tesla selloff on Model 3 delivery news overdone, analyst says

But the auto maker is now also grappling with the phasing out of tax credits in the USA which made buying electric vehicles less expensive. The $2,000 cut in prices, however, weighed on the stock, pushing it ...More..

NY transformer explosion turns sky bright blue, knocks out power
by | Saturday, December 29, 2018

NY transformer explosion turns sky bright blue, knocks out power

According to the utility outage map for Con Edison , there were only 76 who were said to have lost power . One Astoria resident and her boyfriend immediately hopped in their auto with their cats in tow...More..

Dow Jones soars more than 1,000 points in largest single-day increase
by | Saturday, December 29, 2018

Dow Jones soars more than 1,000 points in largest single-day increase

The index rebounded partially from those lows on Wednesday, gaining 0.89 percent on the day. Economists called the big market moves a "reflex rally" after Monday's drop, which left Wall Street on track for it...More..

OPEC predicts a decrease in oil supplies from non-OPEC countries
by | Wednesday, December 19, 2018

OPEC predicts a decrease in oil supplies from non-OPEC countries

It settled at $52.15 a barrel on Wednesday. Crude oil prices have also been supported by OPEC-led supply curbs announced last week, although gains were capped after the producer group lowered its 2019 demand ...More..

Former NASA Engineer Pranks Mail Thieves With Glitter Bombs
by | Wednesday, December 19, 2018

Former NASA Engineer Pranks Mail Thieves With Glitter Bombs

The fun begins once the package is opened - a motorized tub blasts glitter in every direction and fart spray is released every 30 seconds to convince the thieves to throw the package away. But Robert went one s...More..

Lettuce Sold At Giant Eagle Recalled Due To Possible E. Coli Contamination
by | Tuesday, December 18, 2018

Lettuce Sold At Giant Eagle Recalled Due To Possible E. Coli Contamination

Farming in Santa Marie, Calif., is recalling cauliflower that was sold to wholesalers in 10 states, including North Carolina, because it may be contaminated with E. Because the water may have come in contact wi...More..

This is how a Conservative leadership contest works
by | Thursday, December 13, 2018

This is how a Conservative leadership contest works

The vote will be held tonight, with the result expected at around 9pm. The threat to May has been building as pro-Brexit lawmakers within the Conservative Party grew increasingly frustrated with the prime min...More..

Almost 200 Conservative lawmakers indicate support for PM May: Reuters tally
by | Wednesday, December 12, 2018

Almost 200 Conservative lawmakers indicate support for PM May: Reuters tally

U.K. Prime Minister Theresa May defended her leadership outside 10 Downing Street just before 9 a.m. Wednesday, revealing that her Conservative Party had demanded a vote of confidence in her premiership am...More..

A look at where companies stand on marijuana business | AP business
by | Monday, December 10, 2018

A look at where companies stand on marijuana business | AP business

The president and CEO of Cronos , Mike Gorenstein, says the agreement with Altria will give the Toronto-based company the resources to expand more quickly and increase its investments in research and develop...More..

Saudi Arabia works on convincing Russian Federation to join oil cuts
by | Friday, December 07, 2018

Saudi Arabia works on convincing Russian Federation to join oil cuts

We have to get the non-OPEC countries on board. Iraqi Oil Minister Thamer Ghadhban said Iraq, which is OPEC's second-largest producer behind Saudi Arabia , would support and join a cut. The alliance has tran...More..

China to 'immediately' implement United States trade truce measures
by | Friday, December 07, 2018

China to 'immediately' implement United States trade truce measures

White House aides have struggled to explain the details of what the two countries actually agreed on. Murphy fired off his own tweet , asking: "So the "win" is that the Chinese start buying the stuff they s...More..

US, China declare 90-day halt to new tariffs, White House says
by | Thursday, December 06, 2018

US, China declare 90-day halt to new tariffs, White House says

Trump made the announcement in a tweet late Sunday in the United States, saying Beijing will "reduce and remove" the tariffs , which now stand at 40%. China reaffirmed that the agreement held "great signific...More..

World waits to see if Trump, Xi reach 'ceasefire'
by | Sunday, December 02, 2018

World waits to see if Trump, Xi reach 'ceasefire'

Argentine President Mauricio Macri, who was also the term president for the summit, welcomed guests, including 19 world leaders and European Union representatives. Over their meal, following the conclusion of t...More..

Fed Chair’s comments on slower hikes to boost EMs
by | Saturday, December 01, 2018

Fed Chair’s comments on slower hikes to boost EMs

Powell unnerved investors on October 3 when he said in an unscripted comment that Fed policy probably was "a long way from neutral" and might eventually have to turn restrictive. He said of Mr Greenspan, ...More..

Trump warns GM could lose subsidies over layoffs
by | Saturday, December 01, 2018

Trump warns GM could lose subsidies over layoffs

Trump tweeted his warning Tuesday, a day after GM announced it would shutter five plants and slash 14,000 jobs in North America. Sherrod Brown hold at least one common goal: getting General Motors (GM) to...More..

Saudi crown prince visits Tunisia amid Khashoggi protests
by | Wednesday, November 28, 2018

Saudi crown prince visits Tunisia amid Khashoggi protests

President Abdel Fatah al-Sisi received on Monday, Nov. 26 Bin Salman upon his arrival at Cairo International Airport. According to Al-Arabiya, they held closed-door bilateral talks. The crown prince - als...More..

Final Brexit deal within our grasp: May
by | Friday, November 23, 2018

Final Brexit deal within our grasp: May

Existing travel links by plane, train and road will also be preserved beyond the Brexit transition. British Prime Minister Theresa May will return to Brussels on Saturday to hammer out an outline of Britai...More..

Bitcoin Cash ABC [IOU] (BCHABC) Traded 43.3% Reduced This Week
by | Wednesday, November 21, 2018

Bitcoin Cash ABC [IOU] (BCHABC) Traded 43.3% Reduced This Week

The difference in market cap between ETH and XRP is now over $4 billion. Other cryptocurrencies also fell sharply, with Ethereum's ether losing 10 percent and Ripple's XRP down 13 percent in a largely...More..

Amazon chooses LIC and Crystal City for HQ2
by | Wednesday, November 14, 2018

Amazon chooses LIC and Crystal City for HQ2

It's official. Amazon on Tuesday announced New York City and Arlington, Virginia , as the locations for new headquarters. "We expect HQ2 to be a full equal to our Seattle headquarters", said Jef...More..

MI voters legalize recreational marijuana
by | Thursday, November 08, 2018

MI voters legalize recreational marijuana

MI voters said "Yes" to Proposal 1 , making the state the first in the Midwest to legalize recreational cannabis cultivation and use for those 21 years of age and older. The latest figure marks the third conse...More..

Amazon just announced its best Black Friday deal: Free shipping on everything
by | Tuesday, November 06, 2018

Amazon just announced its best Black Friday deal: Free shipping on everything

Amazon .co.uk will lead the way as usual, and is promising big things already. This experience is open from November 22 to November 25, with doors open for 24 hours on Black Friday itself. Amazon is now cour...More..

Apple Will Not Disclose The Number Of Units Sold From Next Quarter
by | Monday, November 05, 2018

Apple Will Not Disclose The Number Of Units Sold From Next Quarter

Analysts were looking for $92.7 billion, according to data compiled by Bloomberg . When asked to clarify the company's decision not to publish unit shipments, Apple CEO Tim Cook said: "This is a little b...More..

Oil prices fall 2 percent on rising supply and trade war
by | Saturday, November 03, 2018

Oil prices fall 2 percent on rising supply and trade war

Saudi Arabia raised production by 150,000 barrels a day to 10.68 million a day, the highest in Bloomberg data going back to 1962, while Iranian volumes slipped by 10,000 barrels a day to 3.42 million. On Thur...More..

Nasdaq confirms correction while S&P 500 and Dow erase 2018 gains
by | Monday, October 29, 2018

Nasdaq confirms correction while S&P 500 and Dow erase 2018 gains

Two other giant USA companies, Amazon and Alphabet , will report their third-quarter results after the close of trading. The S&P 500 fell 15.19 points, or 0.6 percent, to 2,740.69. Brent crude, the benchmar...More..

China Is Minting Billionaires at a Furious Pace
by | Monday, October 29, 2018

China Is Minting Billionaires at a Furious Pace

Thanks to a strong currency development, Western Europe had strong wealth growth over the past year. 'But this is just the beginning. The world's billionaires experienced the biggest wealth increase ever in...More..

Seven $10K Winning Mega Millions Tickets Sold In Minnesota
by | Thursday, October 25, 2018

Seven $10K Winning Mega Millions Tickets Sold In Minnesota

It was one of eight tickets sold in California that matched five of six numbers, according to the California lottery . The other winning ticket in MA has not yet been claimed. The victor can take $913 millio...More..

Erdogan: Khashoggi killers won't escape justice
by | Thursday, October 25, 2018

Erdogan: Khashoggi killers won't escape justice

That comment contradicts Saudi accounts that Khashoggi, a USA permanent resident and Washington Post columnist who had written critically of Saudi Arabia's crown prince, died accidentally in a "fistfight" in ...More..

Winning the Mega Millions lottery? Here’s how much you’ll really keep
by | Thursday, October 25, 2018

Winning the Mega Millions lottery? Here’s how much you’ll really keep

Combined with the current Powerball jackpot of $ 620 million with a cash option of $354.3 million, players have a chance to win $2.2 billion in mid-week jackpots. Not surprisingly, the most Mega Million ...More..

Oil price falls below $78 as Saudi Arabia offers more supply
by | Wednesday, October 24, 2018

Oil price falls below $78 as Saudi Arabia offers more supply

Iran's regional rival, US ally Saudi Arabia , says Riyadh has the capacity to increase output to 12 million barrels per day (bpd) from the current 10.7 million bpd. The United States intends to re-impose san...More..