Economy

Oil prices ease as trade row clouds demand outlook

However, the market was tempered by an escalation in the China-US trade war that has clouded the outlook for crude demand from the world's top oil consumers. Ru...


OPEC, Analysts See Slowing Demand and Cooling U.S. Production Ahead

USA light crude fell $1.15 to a low of $69.22 a barrel and was last at $69.50, down 87 cents. Crude inventories fell 5.3 million barrels in the week to Septem...


US consumers may bear brunt of Trump's tariffs

The White House warned Monday that it would respond to any retaliation from Beijing with yet more tariffs on roughly $267 billion of Chinese exports. "Chi...


Australians warned to cut strawberries after sewing needles found in fruit

Queensland's Chief Health Officer Dr Jeanette Young has requested retailers withdraw all Donnybrook strawberries through a trade level recall. Angela Stevens...


Trump claims credit for the economy. Not so fast, says Obama

GDP growth exceeded the jobless rate as recently as the first quarter of 2006, when unemployment was about 4.7% and quarterly GDP growth was 5.4%, government da...


British Airways warning announcment to its passengers

London time on August 21 and 9:45 p.m. London time on September 5. Information stolen includes customer names, email addresses, home addresses and payment c...


Mercedes-Benz EQC: Electric crossover juices competition with Tesla, Jaguar

While the Mercedes EQC looks like it's aimed at Tesla's Model X SUV the specs say that Mercedes still has some catching up to do. (A company representativ...


Students’ Fake McDonald’s Poster Goes Unnoticed for 51 Days

In an interview with Click2Houston website, Maravilla said he and his friends were inspired by " Crazy Rich Asians ". Jevh, who has Filipino heritage, decided...


Ayanna Pressley wins Democratic primary- will become first Black congresswoman in MA

Keating will take on Republican Peter Tedeschi in November. Brianna Wu is a co-founder of the video game company Giant Spacekat. Dorchester resident Carla M...


Amazon joins $1 trillion club, on pace to overtake Apple

Amazon is now the second publicly traded U.S company to hit $1 trillion valuation. In just two decades, the company expanded far beyond its bookseller beginn...


Fuel price hike: Petrol, diesel prices again breach record levels

Production by the Organization of the Petroleum Exporting Countries rose 220,000 barrels per day (bpd) in August to a 2018 high of 32.79 million bpd, a Reuters ...


What is the 'new Nafta' and why was the old one controversial?

With the USA deadline to get an agreement by Friday, there were reports the sides were struggling to find compromise on the NAFTA mechanism for resolving tr...


Elon Musk reignites Twitter slur controversy

Musk started 17 days of drama when he tweeted on August 7 that he had "funding secured" to take Tesla private, without sharing evidence that investor money ...


Oil prices inch up as U.S. crude stocks drop, Iran sanctions weigh

Signs of slowing USA crude output growth and a weaker US dollar also provided some support to oil prices, said Kim Kwang-rae, commodity analyst at Samsung Fut...


S&P 500 bull market now arguably the oldest ever

Wall Street stocks retreated on Thursday (Aug 23), with markets eyeing US-China trade talks while President Donald Trump warned of dire economic consequences ...


United States sanctions Russian shipping companies

But they could be followed by much more painful measures for Russians. "There is no way". "We need to be specific about what is expected from Russian Fede...


Australian PM refuses to concede, dangles second leadership ballot

Turnbull said if he received a letter requesting a fresh vote with the signatures of 43 Liberal Party lawmakers, he would call a party meeting for midday Fri...


Tesla shares down 8 percent after Musk's freaky interview

The Times report said he frequently takes Ambien to get to sleep after long workdays and that Tesla's board has become concerned about his use of the drug. ...


Google employees question company plans for Chinese search engine

The New York Times reported Thursday that around 1,400 employees have signed a letter questioning the plan and calling for more transparency. It has not go...


Getting personal: U.S., Turkish leaders feud over arrest of American pastor

President Trump attacked Turkey Friday over its continued detention of a U.S. Christian pastor saying it had "acted very, very badly". One of Turkey's high cr...


US Threatens Further Turkey Sanctions if Pastor Not Freed Soon

In response to the weakness, the Turkish banking watchdog has taken steps to stabilize the currency, limiting futures transactions for offshore investors and lo...


Trump defends tariffs, says USA 'was built' on taxing imports

China's government says it has filed a challenge to a USA tariff hike on solar panels in the World Trade Organization, adding to its sprawling trade dispute wi...


Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released

The decree also doubled tariffs on American cosmetics, rice, and coal, among other imports. Referring to Brunson, Trump said: "He's a very innocent man". JP...


US Warns Turkey of Sanctions if it Does Not Release Pastor

Finance Minister Berat Albayrak, the son-in-law of President Recep Tayyip Erdogan , addressed hundreds of foreign investors from the United States, Europe and ...


China, US to Give Trade Talks Another Shot

There was no immediate response from the U.S. Treasury to the announcement from Beijing . The Chinese delegation led by Wang will meet with an American group...


U.S. crude posts 6th straight weekly loss

Thus, in Libya, production fell by 57,000 to 0.66 million barrels per day, in Saudi Arabia - by 53,000, to 10.39 million barrels, in Venezuela - by 48,000, to 1...


Parents and son, 7, killed in Genoa bridge collapse

Mr. Salvini also said he wanted the "names and surnames of those to blame because a tragedy like this in 2018 is not acceptable". And if there's no easy way to ...


Turkey doubles tariffs on some U.S. imports over economy "attacks"

The dispute between the North Atlantic Treaty Organisation allies - brought to a new intensity by Turkey's holding of an American pastor for two years - has r...


Cal Fire: Utah Firefighter Dies Battling Ranch Fire

But firefighters also made progress, with containment rising from 10 to 29%. So far, the Holy Fire has scorched more than 22,700 acres in the Cleveland Nati...


Tesla shares fall 5 percent on Wall Street scepticism, SEC probe reports

Musk lied about funding so he could push shares higher and ambush short sellers betting against the company, according to the shareholder complaint, which was ...


Turkish senior official warns of perception operation | Turkey

Apple, iPhone, and iPad are trademarks of Apple Inc., registered in the US and other countries. Turkey has held the cleric since 2016 and has alleged that h...


Musk says Saudi fund supports Tesla buyout, talks continue

While Tesla CEO Elon Musk teased last week about taking the company private, several suitors may have already been courting the electric vehicle giant mon...


'Suicidal' mechanic steals plane from Seattle airport

The plane crashed either while the man was doing stunts or because of a lack of flying skills, according to the Sheriff's Office. The sheriff's office's pub...


Trump doubles steel and aluminium tariffs on Turkey as lira nosedives

The president launched his steel and aluminum tariffs on the grounds that maintaining a robust domestic metal industry was a core national-security interest...


Trump's latest trade tiff with China has Texans again bracing for pain

Washington imposed tariffs on $34 billion of Chinese products on July 6 . John Neuffer, president and CEO of the Semiconductor Industry Association, said ...


Elon Musk Weighs Taking Tesla Private in a Tweet, Shares Go Soaring

Trading for Tesla stock was re-activated fifteen minutes before the closing bell was rung, and the automaker closed the day up 12 percent, realizing a massive $...


Oil futures steady on market’s long-term bearish focus

EDT (1437 GMT), while USA crude CLc1 futures rose 60 cents to $68.26 a barrel. Prices had tumbled to a six-week. Crude inventories rose by 3.8 million barre...


Iranian Oil Imports Will Not Be Decreased, China Tells US

The US is now also pushing Pyongyang to scrap its nuclear capabilities after President Donald Trump and North Korea's leader Kim Jong Un agreed a vague commit...


Employment overall lags, while trucking adds 4400 jobs in July

The results fell short of the forecasts of analysts, who expected 190,000 jobs to be created during the month. The US Department of Labor also said the unempl...


Apple has become the world's first trillion dollar company

Today Apple Inc. surpassed the $1 trillion dollar mark in value, showing once again that it is the dominant force when it comes all the companies out there t...