Economy

Abu Dhabi Summit: Oil Production Cuts May Be Necessary

Abu Dhabi Summit: Oil Production Cuts May Be Necessary

Abu Dhabi , home to most of the U.A.E.'s oil deposits, this month increased planned spending by 22 percent to exploit recent discoveries and raise capacity. To keep oil prices high, OPEC and its allie...

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Global Geopolitical Series: US warns against allowing Iranian tankers to port

Global Geopolitical Series: US warns against allowing Iranian tankers to port

This week, reports emerged that South Korea received a waiver allowing it to import around 4 million barrels a month, equal to about 130,000 bpd, of Iranian crude and condensate. INDIA India is ...

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Robyn Denholm to replace Elon Musk as Tesla chair

Robyn Denholm to replace Elon Musk as Tesla chair

Denholm, 55, has been an independent director of Tesla since 2014 and the head of its audit committee. A spokesperson at the company told CNBC that Denholm will receive 8,000 stock options each ...

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China's Xi promises market opening as import fair begins

China's Xi promises market opening as import fair begins

The report also highlights that, between 2014 and 2017, the number of shoppers on Alibaba's dedicated platform for cross-border shopping, Tmall Global, has grown ten-fold. Without naming the United...

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Amazon in 'advanced talks' to build new headquarters near DC

Amazon in 'advanced talks' to build new headquarters near DC

The e-commerce giant previous year announced plans to invest US$5 billion in a second headquarters and hire up to 50,000 people, setting off a frenzy of interest from cities in the USA and Canada. T...

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Amazon is changing its free shipping option for the holiday season

Amazon is changing its free shipping option for the holiday season

The online retailer announced that starting today, November 5, all US-based Amazon customers can get free shipping with no minimum purchase amount. Also new for this year, Amazon will be off...

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Trump, Obama Square Off in Final Campaign Appearances Before Midterm Elections

Trump, Obama Square Off in Final Campaign Appearances Before Midterm Elections

Mr Trump has punched back, accusing Mr Obama of leaving behind a trail of broken promises on trade, the economic recovery and a promise during his presidency that patients could keep their doctors un...

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Apple is selling refurbished iPhone 8 and 8 Plus starting at $499

Apple is selling refurbished iPhone 8 and 8 Plus starting at $499

Subscriptions to Apple services , meanwhile, were up 50 per cent. Michael Hewson, chief analyst at CMC Markets, said the decision to withhold sales volumes suggested the company feels the market ...

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Rouhani first deputy: U.S. can not stop export of Iranian oil

Rouhani first deputy: U.S. can not stop export of Iranian oil

Moreover, Saudi Arabia's Energy Minister Khalid al-Falih said on Tuesday that the Organization of the Petroleum Exporting Countries (OPEC) and its partners are in "produce as much as you can" mode...

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India ranks 77th in ease of doing business rankings

India ranks 77th in ease of doing business rankings

The World Bank has ranked Nigeria 146 out of 190 countries on ease of doing business . The two-year jump is the second largest for any country on the index, to the delight of Prime Minister Nar...

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Stocks dip again on worries about tech, tariffs

Stocks dip again on worries about tech, tariffs

Trump has already imposed tariffs on $250bn worth of Chinese goods, and China responded with retaliatory duties on $110bn worth of United States goods. With the initial market reaction, Wall Stree...

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Government Tensions: Did The Finance Ministry Statement Do Enough To Calm Nerves?

Government Tensions: Did The Finance Ministry Statement Do Enough To Calm Nerves?

Last week, RBI deputy governor Viral Acharya lashed out at the Central government, saying it was trying to undermine the independence of the central bank. The finance ministry said that both the g...

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First VIDEO of Wreckage From Deadly Boeing 737 Plane Disaster Emerges

First VIDEO of Wreckage From Deadly Boeing 737 Plane Disaster Emerges

Lion Air, a discount carrier, is one of Indonesia's youngest and biggest airlines, flying to dozens of domestic and global destinations. "We are trying to collect all the information and data". Indo...

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2 winning tickets sold for $750 million Powerball jackpot

2 winning tickets sold for $750 million Powerball jackpot

The victor or winners would also have a one-time cash option of $428.6 million - a prize that's still more than alright. The next Powerball drawing is Saturday, Oct. While there was no grand prize...

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Despite record profits, Amazon shares sink on disappointing sales

Despite record profits, Amazon shares sink on disappointing sales

The company says it had operating income of $3.7 billion during its latest third quarter; in comparison, its third quarter in 2017 had an operating income of $347 million. Amazon also is investing in ...

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Saudi says Turkish probe shows Khashoggi murder 'premeditated'

Saudi says Turkish probe shows Khashoggi murder 'premeditated'

While Turkish officials, speaking anonymously, and some senior USA lawmakers have suggested the crown prince himself likely had a role in approving the killing, a confident sounding Prince Salman vow...

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In change of tack, Saudi Arabia says Khashoggi's murder ‘premeditated’

In change of tack, Saudi Arabia says Khashoggi's murder ‘premeditated’

Saudi Arabia had called the murder a "huge and grave mistake", in which the Washington Post columnist was accidentally strangled after he was placed in a chokehold during an interrogation. " Ja...

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Billion-Dollar Jackpot up for Grabs

Billion-Dollar Jackpot up for Grabs

For last Friday's drawing, about 59 percent of possible combinations were taken. At Holiday gas station in Escanaba, the business sold over $700 in Mega Million tickets by 1 p.m. But if someone does...

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No Mega Millions victor; jackpot climbs to $1.6 billion

No Mega Millions victor; jackpot climbs to $1.6 billion

Two Houston-area tickets that were sold are worth millions after the Mega Millions jackpot on Friday. Grand prize winners receive their winnings either as a 30-year annuity or a lump sum. The po...

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Oil Slips Below $80 On Rising US Stockpiles

Oil Slips Below $80 On Rising US Stockpiles

Brent for December delivery fell 76 cents, or 0.9%, to settle at $79.29 a barrel on the London-based ICE Futures Europe exchange. Analysts with the Organization of Petroleum Exporting Countries (OPE...

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'Cheaper' Tesla Model 3 nowhere near $35K promised

'Cheaper' Tesla Model 3 nowhere near $35K promised

Tesla customers won't get the full $7,500 federal tax credit starting in 2019 as the company hit a sales threshold that cuts the incentive by 50 percent in the first half of the new year, and then ag...

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US Fed officials signal further gradual rate hikes

US Fed officials signal further gradual rate hikes

Gold prices edged lower early Wednesday as equities gained and the dollar firmed amid waning risk-averse sentiment, with the market awaiting minutes from the US Federal Reserve's latest policy meetin...

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CARAVAN DEFIANT: Migrants 'Crash Gates,' Head into Mexico

CARAVAN DEFIANT: Migrants 'Crash Gates,' Head into Mexico

President Donald Trump to the presidents of Mexico , Guatemala , and Honduras to stop the caravan . On Thursday, the Mexican government asked the United Nations Refugee Agency for help in assis...

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What if you win Mega Millions $970,000,000 jackpot?

What if you win Mega Millions $970,000,000 jackpot?

Illinois Lottery officials will give away 970 Mega Millions lottery tickets in Rockford Friday to promote the game's estimated $ 970 million jackpot - the second-largest lottery jackpot ever in the U...

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Trump said it 'certainly looks' like Jamal Khashoggi is dead

Trump said it 'certainly looks' like Jamal Khashoggi is dead

Secretary of State Michael Pompeo said he expects Turkish and Saudi Arabian investigations to reveal a "complete picture" of what happened to Khashoggi. The Saudis have dismissed those reports as ...

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SoftBank's market value dives on tech rout, Saudi ties

SoftBank's market value dives on tech rout, Saudi ties

Saudi officials claim that the journalist left the embassy but Turkish officials say he may have been murdered inside the consulate by Saudi agents. Turkish authorities have an audio recording indic...

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Mega Millions ticket worth $5 million purchased at Texas store

Mega Millions ticket worth $5 million purchased at Texas store

The next drawing is 8 p.m. Friday. The odds of winning Tuesday night's MegaMillions drawing are one in 302.5 million. Winning Mega Millions numbers in the October 16 drawing were: 3-45-49-61...

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SocGen CEO cancels attendance at Saudi Arabia investment conference

SocGen CEO cancels attendance at Saudi Arabia investment conference

US media outlets have reported that Riyadh, despite its earlier denials of involvement, will acknowledge he was killed in a botched interrogation. Such a forum is now lacking, says Khashoggi, a Pos...

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Facebook reveals new details about information hackers stole

Facebook reveals new details about information hackers stole

The attackers then used the list of friends they collected to "eventually steal access tokens for about 30 million people". Facebook cut the number of affected users from its original estimate a...

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Mega Millions Jackpot Soars To $654M With No Big Winner

Mega Millions Jackpot Soars To $654M With No Big Winner

The Mega Millions jackpot is approaching $470 million. October is beginning to look a lot like Christmas for gamblers, and one Chicago newsstand is playing Santa, handing out 548 free lottery tick...

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US tightens controls on China imports of nuclear components

US tightens controls on China imports of nuclear components

The Trump administration has pivoted to a more aggressive stance toward China since the president said last month the country is interfering in US elections. Mnuchin met Thursday with Yi Gang, head of...

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Dow industrials sink 831 points as tech stocks plunge

Dow industrials sink 831 points as tech stocks plunge

The S&P 500 was also down 3% while the tech-heavy Nasdaq (Frankfurt: 813516 - news ) lost 4%. The Russell 2000 index of smaller-company stocks fell 30.03 points, or 1.9 percent, to 1,545.38. Tech...

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International Monetary Fund raises Israel growth forecast

International Monetary Fund raises Israel growth forecast

He stated, "Nigeria's growth, 1.9 per cent this year; 2.3 next year". The IMF talked about continued capital outflows from emerging market economies and pressure on exchange rates because of monet...

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Judge tells Tesla, SEC to justify lawsuit deal before settling

Judge tells Tesla, SEC to justify lawsuit deal before settling

The tweets come days after Musk agreed to relinquish his Tesla chairmanship for at least three years and pay a $20 million fine. Musk renamed the SEC in a tweet as the Shortseller Enrichment ...

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RBI keeps repo rate unchanged at 6.5%

RBI keeps repo rate unchanged at 6.5%

The Reserve Bank of India (RBI) held interest rates unchanged at a policy meeting on Friday, sending the rupee tumbling to a record low and stunning analysts who had expected a rate increase to co...

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