Trump Asks Saudi Arabia to Increase Oil Production

Trump said on Twitter that he asked Salman to increase oil production "to make up the difference.Prices to high! Prices to high! He has agreed!" "He has agreed!" A little over an hour later, the state-run Saudi Press Agency acknowledged the call, bu... More..

by | Published 19 days ago
Oil rises on supply losses, US push to isolate Iran
by | Saturday, June 30, 2018

Oil rises on supply losses, US push to isolate Iran

That aside, some experts now wonder if the Organization of the Petroleum Exporting Countries' (OPEC) decision last week to increase production by 1 million barrels per day this year wasn't too conservative:...More..

Amazon Wants to Help You Start Your Own Delivery Service
by | Saturday, June 30, 2018

Amazon Wants to Help You Start Your Own Delivery Service

At the same time, it's able to avoid the less desirable parts of owning and running its own delivery fleets, like the burden of acquiring and operating vehicles and managing employees. Start-up costs for a DSP ...More..

Donald Trump says Saudi king has agreed to ramp up oil production
by | Saturday, June 30, 2018

Donald Trump says Saudi king has agreed to ramp up oil production

Brent was on track for a 5 percent weekly rise. U.S. President Donald Trump said in a tweet on Saturday that Saudi Arabia's King Salman had agreed to his request to increase oil production "maybe up to ...More..

Left at Gate After Airplane-Mode Dispute on Delta Flight
by | Saturday, June 30, 2018

Left at Gate After Airplane-Mode Dispute on Delta Flight

As Rogers argued that she did switch it to the right setting, the flight attendant said: 'Now you have. "You were asked several times during the announcement to turn your phone into airplane mode". A spokesman ...More..

Rahul targets Modi on black money
by | Saturday, June 30, 2018

Rahul targets Modi on black money

The latest data from Zurich-based SNB comes months after a new framework was put in place for the automatic exchange of information between Switzerland and India, to help check the black money menace. This ...More..

Ticketmaster customer data may have been stolen in cyber attack
by | Saturday, June 30, 2018

Ticketmaster customer data may have been stolen in cyber attack

The company said: "Based on our investigation, we understand that only certain United Kingdom customers who purchased or attempted to purchase tickets may have been affected by the incident". Ticketing giant ...More..

Adidas warns customers of potential data breach
by | Saturday, June 30, 2018

Adidas warns customers of potential data breach

As Bloomberg reports, Adidas discovered "an unauthorized party" had gained access to its servers and stolen data on June 26. Adidas said it is alerting affected customers. When asked to comment on the root ...More..

As Toys ‘R’ Us Closes For Good, Workers Campaign For Severance
by | Saturday, June 30, 2018

As Toys ‘R’ Us Closes For Good, Workers Campaign For Severance

Her photo of Geoffrey the Giraffe leaving got the most attention, receiving almost 300,000 shares on Facebook. The iconic giraffe is not the only one disappointed by an early retirement from Toys R Us, as tho...More..

China tries to defuse trade pressure, says world benefits
by | Saturday, June 30, 2018

China tries to defuse trade pressure, says world benefits

Hong Kong's Hang Seng added 0.5 percent to 28,497.32 while the Shanghai Composite in mainland China extended its losses by 0.9 percent to 2,786.90. Asian stocks slumped to nine-month lows on Thursday on gro...More..

by | Saturday, June 30, 2018

Mazda Protests Trump's Tariffs on Behalf of 32000 Americans

The president cited similar security concerns to justify imposing tariffs on imported steel and aluminum. Carmakers get parts from all over the world and ship their product all over the world, meaning they ar...More..

Facebook and Google use 'dark patterns' around privacy settings, report says
by | Saturday, June 30, 2018

Facebook and Google use 'dark patterns' around privacy settings, report says

The council found that the worst practices came from Google and Facebook, and Microsoft's Windows 10 used them to a lesser extent. Researchers found that Facebook and Google's default settings were intrusiv...More..

Flights in and out of Bali cancelled
by | Saturday, June 30, 2018

Flights in and out of Bali cancelled

Ngurah Rai worldwide airport says all flights are suspended until at least 7pm local time (9pm AEST). The Mount Agung volcano has shot ash 2,000 meters into the atmosphere, disrupting the travel plans of thou...More..

China to pursue more trade with France, EU raises 'difficult issues'
by | Thursday, June 28, 2018

China to pursue more trade with France, EU raises 'difficult issues'

China and France have signed cooperation documents in a dozen fields including energy, science and technology, farm products and health care. "Nobody wins" a trade war, IMF Managing Director Christine Lagard...More..

Brexit fears putting 850,000 automotive jobs at risk, warns auto industry
by | Thursday, June 28, 2018

Brexit fears putting 850,000 automotive jobs at risk, warns auto industry

In May, BMW was part of a group of business leaders including the heads of BP, Nestle, and Vodafone, who told Theresa May at a Downing Street meeting that a trade deal with the EU must be "as frictionle...More..

If you make $100K in San Francisco you are considered low income
by | Thursday, June 28, 2018

If you make $100K in San Francisco you are considered low income

In California's notoriously pricey San Francisco Bay Area, households earning around $117,000 a year are now considered "low income", according to a new definition of income limits released by the U.S. Poli...More..

Rupee hits all-time low, breaches 69 per dollar for first time
by | Thursday, June 28, 2018

Rupee hits all-time low, breaches 69 per dollar for first time

Brent crude was trading at almost $78 a barrel in Asian trade today. "India imports around 80 per cent of its crude oil requirements and higher crude oil prices risks widening India's current account defici...More..

Technology fears amid trade dispute lead to slide in stocks
by | Thursday, June 28, 2018

Technology fears amid trade dispute lead to slide in stocks

Iconic American motorcycle maker Harley-Davidson said it would move some production overseas to avoid tariffs the European Union is placing on motorcycles made in the U.S. The S&P 500 is up 1.6 percent. Netf...More..

Turkey's main opposition candidate concedes election but warns of '1-man regime'
by | Thursday, June 28, 2018

Turkey's main opposition candidate concedes election but warns of '1-man regime'

A very high turnout (87 percent) tipped the balance in favor of AKP loyalists, and Erdogan secured a clear first-round victory with 52.38 percent of the vote according to unofficial tallies. Did they steal mi...More..

White House decides against outright limits on Chinese investment
by | Thursday, June 28, 2018

White House decides against outright limits on Chinese investment

That is a critical issue: If the U.S. can shut down a major Chinese company by banning essential exports, it will have difficulty persuading China to reduce its trade deficit with the USA by purchasing more U...More..

Conagra Brands to Acquire Pinnacle Foods for $10.9B
by | Wednesday, June 27, 2018

Conagra Brands to Acquire Pinnacle Foods for $10.9B

Conagra has been bulking up its frozen food line, which rakes in sales of $2.7 billion, with recent acquisitions like breakfast food maker Sandwich Bros. Others have made deals to break up or combine operatio...More..

Harley-Davidson to take big hit from European Union tariffs
by | Wednesday, June 27, 2018

Harley-Davidson to take big hit from European Union tariffs

Trump says he's getting other countries to reduce and eliminate tariffs and trade barriers, and open up markets. Trump tweeted . "Their employees and customers are already very angry at them". On Monday, Har...More..

Trump Warns Harley-Davidson: 'We Won't Forget'
by | Wednesday, June 27, 2018

Trump Warns Harley-Davidson: 'We Won't Forget'

So here is the string of tweets from the Commander-in-Chief: .When I had Harley-Davidson officials over to the White House, I chided them about tariffs in other countries, like India, being too high. Of course,...More..

by | Wednesday, June 27, 2018

White House announces that United States will not impose limits on Chinese investment

That review would be conducted through the existing Committee on Foreign Investment in the United States , or CFIUS. Earlier in the week, markets plunged on reports that Trump was planning to implement harsh...More..

US restrictions on Chinese investment next front in trade dispute
by | Wednesday, June 27, 2018

US restrictions on Chinese investment next front in trade dispute

In corporate America, a unilateral approach by the Trump administration to restricting investment could be even more unpopular. According to Reuters , China's Premier Li Keqiang , speaking to reporters afte...More..

Libya calls on United Nations to block 'illegal' oil sale
by | Wednesday, June 27, 2018

Libya calls on United Nations to block 'illegal' oil sale

The contract rose $2.45 to $70.53 on Tuesday. Brent crude futures had climbed 61 cents, or 0.8 percent, from their last close to $76.92 per barrel by 0650 GMT. Following a power outage at Syncrude Canada's ...More..

OPEC Explains Increase In Oil Production
by | Wednesday, June 27, 2018

OPEC Explains Increase In Oil Production

Stockpiles at the biggest USA storage hub have slumped for five weeks with the start of the summer driving season when demand peaks. "With the global market pricing to pull crude out of the USA, this loss of ...More..

Trump revs up Harley-Davidson fight into second day
by | Wednesday, June 27, 2018

Trump revs up Harley-Davidson fight into second day

It follows Brussels decision to retaliate against Mr Trump's tariffs . "The president's overarching message is: Bet on America; we're a strong economy; we have the best workers; we have the best regulatory...More..

Withdrawal from European Union becomes law in Britain
by | Wednesday, June 27, 2018

Withdrawal from European Union becomes law in Britain

Meanwhile, cheers rang out in the House of Commons after Speaker John Bercow announced that the European Union (Withdrawal) Act had been granted royal assent. The industry saw £347 million of investment earma...More..

United States restrictions on Chinese investment next front in trade dispute
by | Wednesday, June 27, 2018

United States restrictions on Chinese investment next front in trade dispute

Later this week, the Trump administration is expected to unveil new measures to curb Chinese companies buying stakes in USA firms in another twist to the spiralling trade conflict. As China steps up its engag...More..