OPEC countries to pump more oil to contain price increase

The "Declaration of Co-operation" agreement between Opec and allied non-Opec countries effective from January 1, 2017, has been very successful in balancing the market by reducing the overhang of a staggering 340mn barrels above the OECD (Organisat... More..

by | Published 28 days ago
Greece hails 'historic' deal to end debt crisis
by | Sunday, June 24, 2018

Greece hails 'historic' deal to end debt crisis

Germany has been one of the main lenders to Greece during its debt crisis and has profited massively. The European Union and other worldwide creditors have provided the country with 270 billion euros, or ...More..

Trump threatens 20% tariffs on European autos
by | Sunday, June 24, 2018

Trump threatens 20% tariffs on European autos

European Commission chief Jean-Claude Juncker said Thursday that the USA decision to impose tariffs "goes against all logic and history". But it could get worse. In fact, the U.S. is the largest export mar...More..

Amazon Prime Day 2018 date leaked by Amazon
by | Sunday, June 24, 2018

Amazon Prime Day 2018 date leaked by Amazon

Prior years have had Amazon run the sales event across a variety of countries on the same day. I am here to steer you toward the best savings. United Kingdom multiplay telco BT has become the first major Un...More..

Canada legalises recreational marijuana
by | Saturday, June 23, 2018

Canada legalises recreational marijuana

He justified the delay to implement the law by noting that provinces requested the extra time to organise sales in authorised stores. There is a clause in the bill that says that only when it is legal to bu...More..

Saudi regulator expects $40 billion foreign fund inflows after MSCI
by | Saturday, June 23, 2018

Saudi regulator expects $40 billion foreign fund inflows after MSCI

MSCI has announced that it will evaluate the potential reclassification of Kuwait from frontier markets to emerging markets status in its 2019 annual review. "The news on Saudi and Argentina will boost infl...More..

Trump trade war a ‘symptom of paranoid delusions’ - Chinese media
by | Saturday, June 23, 2018

Trump trade war a ‘symptom of paranoid delusions’ - Chinese media

Amazon said an audit of the facility uncovered "issues of concern" about the use of overtime and contract workers, and the company has asked for changes. The Foxconn chief also repeated a pledge to employ robot...More..

by | Saturday, June 23, 2018

Internet sales tax ruling could have big impact in Florida

The court overturned a longstanding rule that states can collect sales taxes only on transactions if the retailer has a "bricks and mortar" presence in that state. Although buyers are technically supposed t...More..

India Retaliates To Trump's Duty Hike, Raises Import Duties On US Products
by | Friday, June 22, 2018

India Retaliates To Trump's Duty Hike, Raises Import Duties On US Products

According to the government notification, duty hike would come into effect immediately for 28 products, while for artemia, a kind of shrimp, the rate hike would be effective from August 4. Similarly, the import...More..

Bank of England votes 6-3 to hold interest rates at 0.5%
by | Friday, June 22, 2018

Bank of England votes 6-3 to hold interest rates at 0.5%

Today's result lifted the pound and is likely to see borrowers face higher costs on new mortgages, as lenders hike prices in anticipation of a base rate rise to 0.75 per cent in August - when a rate decision an...More..

Saudi Sides with Oil Consumers as OPEC Nears Pivotal Talks
by | Friday, June 22, 2018

Saudi Sides with Oil Consumers as OPEC Nears Pivotal Talks

Oil futures settled lower before an OPEC meeting expected to increase the world's supply of crude. That may seem insignificant in a global supply of 98 million barrels a day, but critically it would reverse red...More..

Supreme Court allows states to collect sales taxes on more online transactions
by | Friday, June 22, 2018

Supreme Court allows states to collect sales taxes on more online transactions

Wayfair , a direct challenge to a 1992 decision in Quill Corp. vs. "In 1992, it was estimated that the States were losing between $694 million and $3 billion per year in sales tax revenues as a result of ...More..

Trump threatens additional tariffs on $200 billion of Chinese goods
by | Friday, June 22, 2018

Trump threatens additional tariffs on $200 billion of Chinese goods

Shares of Boeing , which has been a proxy for trade-war tensions with China, fell 3.8 percent, weighing the most on the Dow. "This would likely violate WTO rules, but I suspect China will care about violat...More..

Intel CEO Brian Krzanich resigns over improper relationship with employee
by | Friday, June 22, 2018

Intel CEO Brian Krzanich resigns over improper relationship with employee

Instead, he has resigned over what Intel reports as a violation of the company's non-fraternisation policies - put in place to prevent management from entering into a romantic relationship with their staff....More..

Burger King apologizes for Russian World Cup pregnancy ad
by | Thursday, June 21, 2018

Burger King apologizes for Russian World Cup pregnancy ad

The burger chain's Russian branch offered the women a lifetime supply of Whoppers and 3 million roubles ($64,000). The deleted promo said that encouraging Russian women to bear the children of football player...More..

by | Thursday, June 21, 2018

European Union retaliates against Trump’s metal tariffs

The tariffs, which come as a direct reaction to U.S. President Donald Trump's decision to hit the European Union with tariffs on steel and aluminum, will apply from Friday, the Commission said in a press rel...More..

Stop border separation of families: USA tech giants
by | Wednesday, June 20, 2018

Stop border separation of families: USA tech giants

In a January blog post, Microsoft said the ATO would help the ICE deliver cloud-based identity and access services and "help employees make more informed decisions faster". "We urge the administration to chan...More..

China says will 'fight back firmly' if U.S. publishes additional tariffs
by | Wednesday, June 20, 2018

China says will 'fight back firmly' if U.S. publishes additional tariffs

The Commerce Ministry criticized Trump's order to prepare tariffs on $200 billion of Chinese goods as blackmail. But he admits Trump has a point when it comes to the export of USA dairy products to Canada ...More..

Elon Musk says disgruntled Tesla employee was behind
by | Wednesday, June 20, 2018

Elon Musk says disgruntled Tesla employee was behind "extensive" sabotage

The email ends with an urge to employees to be vigilant as the company proceeds with ramping up Model 3 production to 5,000 cars weekly, as "This is when outside forces have the strongest motivation to stop u...More..

Trump tariffs: Markets fall as trade war fears mount
by | Wednesday, June 20, 2018

Trump tariffs: Markets fall as trade war fears mount

And the China trade offensive is only one side of Trump's multi-front battle with all major U.S. economic partners. There is no end in sight to the trade fight, as both sides continue to up the ante. The Unit...More..

Trade Dispute between US, China Rises
by | Tuesday, June 19, 2018

Trade Dispute between US, China Rises

It comes after an "exhaustive investigation" found that China's "acts, policies and practices related to technology transfer, intellectual property , and innovation are unreasonable and discriminatory, and...More..

Asian, European stocks plunge as China-US trade war fears brew
by | Tuesday, June 19, 2018

Asian, European stocks plunge as China-US trade war fears brew

President Donald Trump threatened late Monday in the United States to impose tariffs on an additional $200 billion worth of Chinese goods if Beijing goes through with its promise to retaliate against the ...More..

Chanda Kochhar 'to go on leave', Bakhshi new COO: ICICI Bank
by | Tuesday, June 19, 2018

Chanda Kochhar 'to go on leave', Bakhshi new COO: ICICI Bank

Sandeep Bakhshi is the Managing Director (MD) and CEO of ICICI Prudential Life Insurance. "Without second-guessing the ICICI Bank board, we wonder under what circumstances the three-tier structure at the ban...More..

Audi CEO detained amid diesel emissions investigation
by | Monday, June 18, 2018

Audi CEO detained amid diesel emissions investigation

Munich prosecutors told the state-owned broadcaster that they swooped on Stadler over fears he might try to suppress evidence in the ongoing Dieselgate investigation. Volkswagen admitted that almost 600,000 ca...More..

Audi chief exec arrested over Dieselgate auto emissions scandal
by | Monday, June 18, 2018

Audi chief exec arrested over Dieselgate auto emissions scandal

German automobile company Audi's CEO Rupert Stadler has been arrested on suspicion of fraud. The move follows a search last week of Stadler's private residence, ordered by Munich prosecutors investigatin...More..

by | Monday, June 18, 2018

Audi chief arrested in Germany over diesel scandal

The emissions scandal dates back to September 2015 when VW admitted using illegal software to cheat USA emissions tests on diesel engines. The CEO of German carmaker Audi, Rupert Stadler, was detained Monday ...More..

Report a 'total disaster' for Comey and the Federal Bureau of Investigation, says Trump
by | Monday, June 18, 2018

Report a 'total disaster' for Comey and the Federal Bureau of Investigation, says Trump

Comey caused outrage in 2016, when 10 days before the presidential election between Trump and Hillary Clinton, he announced the reopening of the investigation into Clinton's use of an email server - something...More..

China imposes equal tariffs on U.S. imports in retaliation
by | Sunday, June 17, 2018

China imposes equal tariffs on U.S. imports in retaliation

China and USA moves to impose unilateral sanctions undermine and destabalise the WTO, he says. Indeed, the numbers appear identical. "These tariffs are essential to preventing further unfair transfers of A...More..

Kellogg's cereal source of 31-state salmonella outbreak — CDC
by | Sunday, June 17, 2018

Kellogg's cereal source of 31-state salmonella outbreak — CDC

More than 60 people have reportedly been infected by the strain and 31 have been hospitalized, but no deaths have been reported. No one has died. For the 15.3 oz boxes, the UPC code, which can be found at the ...More..

McDonalds menu change: Chain announces paper straws amid McDelivery
by | Sunday, June 17, 2018

McDonalds menu change: Chain announces paper straws amid McDelivery

The move comes amid increasing pressure on companies to reduce the amount of single-use plastic they use, because of concerns over plastic pollution in the, oceans where items such as straws end up harming, and...More..