by | October 15, 2018 | 08:16

The Organization of the Petroleum Exporting Countries ( OPEC ) cut its forecast of global demand growth for oil next year for a third straight month, citing headwinds facing the broader economy from trade disputes and volatile emerging markets.

by | October 13, 2018 | 12:25

It said third-party apps and Facebook apps like WhatsApp, Instagram and Messenger were unaffected by the breach . By deleting your account, you will actually remove your personal information from Facebook's servers. It said its statutory investigation into the breach, and Facebook's compliance with its obligations under GDPR, was continuing. With an initial set of accounts under their control, the attackers, said Rosen, exploited the vulnerable code to run a script that collected ...

by | October 13, 2018 | 12:03

Spending almost 19 hours in the air is a helluva long time to be flying, but fortunately the passengers on the world's longest flight won't be cramped in cattle class. Airbus said the A350-900URL plane's cabin has higher-than-normal ceilings, larger windows and lighting created to reduce jet lag - all part of an effort to lessen the stresses that can accompany nearly a day on a plane.

by | October 13, 2018 | 10:06

In September 2018 Donald Trump imposed tariffs worth $200 billion on Chinese goods and threatened to sign off on a further $267 billion - an escalation in a tariff war that, at that point, had only seen both countries levy tit-for-tat duties on each other's imports.

by | October 12, 2018 | 13:26

The Irish backstop measure, created to ensure no new border emerges between Ireland and Northern Ireland , is supposed to be temporary until a UK-EU trade deal can be agreed, and Theresa May pledged earlier this year that the arrangement would expire "at the very latest by the end of December 2021".

by | October 12, 2018 | 12:43

The Islamic Republic exported 1. 1 million barrels per day (bpd) of crude in that seven-day period, Refinitiv Eikon data showed. Iran's economy is expected to shrink by 1.5 percent in 2018 and by another 3.6 percent in 2019, the International Monetary Fund ( IMF ) said in the October update of its World Economic Outlook, heavily downgrading the Islamic Republic's growth prospects with the return of the US sanctions .

by | October 05, 2018 | 15:29

With the rupee plunging to a historic low, the government and the RBI swung into action to slow down a further fall of the battered Indian currency as global economic conditions continued to deteriorate and fears of higher inflation increased.

by | October 04, 2018 | 19:13

Jaitley further said that the ruling party and oil firms will deal with the price reduction by Rs 1.50 and Rs 1 respectively. "This will be a test for all state governments, especially leaders who were only offering lip service earlier", Mr Jaitley pointedly remarked.

by | October 03, 2018 | 18:12

Since mid-August, WTI has increased around 17 percent. Brent for December settlement fell 37 cents to $84.61 a barrel on the London-based ICE Futures Europe exchange. A survey by The Wall Street Journal indicates analysts, on average, are expecting that USA crude oil inventories rose by 1.3 million barrels last week.

by | October 02, 2018 | 21:59

The company said the wage will benefit more than 250,000 of the company's employees, and another 100,000 seasonal employees. Amazon has also thrown down a gauntlet to its competitors, challenging it to match its wages, and has said it will push to increase the federal minimum wage from $7.25 an hour.

by | October 02, 2018 | 21:58

It's not a bad outcome for Musk and Tesla , considering the potential implications of his August 7 tweet, where Musk said he was considering taking the company private, at $US420 a share, and had " funding secured ". In the immediate aftermath of the "funding secured" tweet , Tesla stock rose by six per cent. New import tariffs mean Chinese imports of Tesla vehicles now face tariffs of 40pc, compared to 15pc for other imported cars in the country.

by | October 01, 2018 | 23:27

In the biggest-ever security breach after Cambridge Analytica scandal , Facebook on Friday admitted hackers broke into almost 50 million users' accounts by stealing their "access tokens" or digital keys. Facebook, however, doesn't know who was behind the attacks or where they're based. The commission said it was "concerned at the fact that this breach was discovered on Tuesday and affects many millions of user accounts but Facebook is unable to clarify the nature of the breach and the ...

by | October 01, 2018 | 22:54

Musk will reportedly buy $20 million worth of Tesla's stock at the next trading opportunity, according to a Bloomberg report, citing a person familiar with the matter. That's all on top of Tesla's hard-to-watch 2-year struggle to meet production goals on their new Model 3 (though, they did meet their Q3 goal ).

by | October 01, 2018 | 19:39

The settlement will require the billionaire to relinquish his role as chairman for at least three years, but he will able to remain as chief executive. Musk won't be eligible to be re-elected as chairman for three years. "We view Elon Musk and Tesla's settlement with the SEC as a positive change, as it should improve corporate governance and allow (an) investor focus squarely on operations", Canaccord Genuity analyst Jed Dorsheimer said .

by | September 26, 2018 | 23:55

Brent crude hit its highest since November 2014 at $80.94 per barrel, up $2.14 or 2.7 per cent, before easing to $80.62 by 11:05am EDT (15:05 GMT). OPEC and non-OPEC, including Russian Federation, gathered in Algiers on Sunday for a meeting that ended with no recommendations for any additional supply boost to counter falling supply from Iran .

by | September 25, 2018 | 10:41

The conflict stems from U.S. President Donald Trump's complaints Beijing steals or pressures foreign companies to hand over technology. His latest attack means that the United States is collecting import levies on $250 billion of Chinese goods.

by | September 21, 2018 | 21:00

Airport sources said that the incident may have happened after the crew reportedly missed activating what is called a "bleed switch" before take-off, leading to the disturbance in the cabin pressure with oxygen masks getting deployed. Passengers aboard the flight claim there were no announcements made and there were no staff to help with the situation. "He has been admitted for audiometry test and the hospital will issue a health statement after some time ", a spokesperson of the hospital ...

by | September 20, 2018 | 16:01

Supplies at the Key storage hub in Cushing, Oklahoma, rose by an estimated 900,000 bbls last week, according to a market forecast. US production has returned to 2014 boom levels, but the energy agency said USA output will grow more slowly next year due to bottlenecks in getting oil to markets.

by | September 19, 2018 | 01:05

Jaitley also clarified that no employee will face any service conditions which are adverse in nature. The Modi government had announced the consolidation of public sector banks in 2016 owing to mounting non-performing assets. In response to a query regarding the impact to the regional identity of the three banks, Jaitley said it would continue to expand region-wise post-the announcement.

by | September 18, 2018 | 13:08

The Prime Minister said that unless Conservative MPs accept the outcome of her negotiations with Brussels, "the alternative to that will be having no deal". Prof Venki, who was born in Chidambaram, Tamil Nadu, and went on to study biology in the U.S. before moving to the United Kingdom 19 years ago, recalled a "fairly simple" process he underwent at the time .

by | September 18, 2018 | 12:25

The drinks would aim to relieve pain with CBD rather than give the "high" associated with inhaling marijuana . " The space is evolving quickly". Regardless, if Coca-Cola decides to make a CBD-infused beverage, it could become hugely profitable at a time when Americans are trying to cut back on sugar and embrace "natural" cures.

by | September 18, 2018 | 11:11

Japan wants an exemption from the threatened USA duties on auto imports, which represent a major threat to its vehicle industry. Handbags, rice, and textiles will be included, but some items expected to be targeted such as smart watches and play pens have been excluded.

by | September 17, 2018 | 15:31

A slowdown in US production growth next year comes at a delicate time for oil markets, especially with Iran production being curtailed while uncertainties remain in Venezuela , Libya and Nigeria , all three are OPEC producers. At press time, Brent crude is trading at $78.35 per barrel, having clocked a low of $77.87 yesterday. Drillers added two oil rigs in the week to December 1, bringing the total count up to 749, the highest since September, General Electric Co's Baker Hughes ...

by | September 14, 2018 | 20:45

She and U.S. Trade Representative Robert Lighthizer had agreed to review progress early on Thursday. Canadian Foreign Minister Chrystia Freeland takes part in a news conference at the Embassy of Canada in Washington , U.S., August 31, 2018.

by | September 12, 2018 | 16:30

Apple Watch Series 4 will have a 384×480 pixels resolution on the 42mm-sized dial which is slightly more dense than the 312×390 pixels display on last year's watchOS wearable. It added new watch faces will be available exclusively for the new product that take advantage of its greater screen real-estate. The larger screen means the watch will be able show much more information.