• Saudi king agrees to ramp up oil production, Trump says
Saudi king agrees to ramp up oil production, Trump says

Trump tweeted that after the two men had a phone conversation Friday King Salman had "agreed" to increase oil production, "maybe up to 2,000,000 barrels". Saudi Arabia has the capacity to pump a maximum of 12.04 million bpd, according to the International Energy Agency. That would also make USA oil producers happy.

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  • OPEC will increase oil production by one million barrels
OPEC will increase oil production by one million barrels

MEA Spokesperson Raveesh Kumar cited the US Embassy statement to dismiss any speculation that divergence of the two countries' stand on Iran had anything to do with the postponement. Previously, the administration said only that other countries should make a "significant reduction" in imports of Iranian crude to avoid US sanctions.

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  • Oil prices rise on United States push to shut out Iran, supply disruptions
Oil prices rise on United States push to shut out Iran, supply disruptions

Prices were on track for the highest close since November 2014, according to CQG. Benchmark Brent crude LCOc1 settled up $1.59 at $79.44 a barrel. This means the loss of 350,000 barrels per day is likely to contribute to a major draw in USA crude inventories.

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  • Trump Claims Saudi Arabia Will Boost Oil Production
Trump Claims Saudi Arabia Will Boost Oil Production

Iran and Venezuela are also OPEC members, and are likely to be angered by any increase. She added, however, that what Trump is suggesting, amid the pressure imposed to other countries to stop accepting Iranian imports, is much more complicated than simply persuading or not persuading Riyadh to change its output levels.

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  • Amazon Wants To Set You Up in Delivery Business For $10K
Amazon Wants To Set You Up in Delivery Business For $10K

Amazon's new " Delivery Service Partners" and their staff members won't be employed by the tech company. "We don't have to go make sales speeches", said Olaoluwa Abimbola, who has hired 40 workers in five months. Postal Service, United Parcel Service ( UPS ) and FedEx ( FDX ). Amazon's growth in the e-commerce sector has been astounding ...

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  • Canada hits back at United States with own tariffs
Canada hits back at United States with own tariffs

President Trump's tariffs on Canadian products and attacks against Prime Minister Justin Trudeau have prompted the mayor of Ottawa , the country's capital and fourth-largest city, to skip an invite-only Fourth of July party being held at the US ambassador's residence next week.

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  • Today Is the Day Every Last Toys R Us Store Closes
Today Is the Day Every Last Toys R Us Store Closes

The toy giant filed for bankruptcy in September 2017 and announced liquidation sales shortly after, CBS New York reports . In 2017, Toys "R" Us filed for bankruptcy and in March 2018 the company announced it was going out of business and closing all USA stores.

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  • Carbon dioxide shortage leaves United Kingdom feeling flat
Carbon dioxide shortage leaves United Kingdom feeling flat

The shortage has been caused by the closure of a number of factories across Europe for planned maintenance and repairs. CO2 is important for meat packaging and alongside other food products. The shortage has been felt in peak British Summertime, when the World Cup finals take place and the country tends to consumer more carbonated drinks when t...

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  • Swiss Bank- Pakistani money down by 21 percent
Swiss Bank- Pakistani money down by 21 percent

He was talking about the government efforts to fight the black money menace at the foundation day of the Institute of Chartered Accountants of India (ICAI) on July 1. Referring to the report that Indians' money in Swiss banks has risen by 50 per cent in the last one year, Banerjee said that it has happened when the native banks were running on ...

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  • BMW has no plans to move production from Brexit Britain
BMW has no plans to move production from Brexit Britain

BMW has told the BBC the cost of any new customs arrangements after Brexit would push up the price of its cars. That could be highly damaging for an industry which is dependent on the speedy movement of huge numbers of parts across borders.

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  • China Says Washington Trade Actions Will Hurt American Workers
China Says Washington Trade Actions Will Hurt American Workers

The government official said the Treasury would invoke the International Emergency Economic Powers Act of 1977 (IEEPA) to devise the restrictions. technology firms . -China relationship, including the US decision to brand China a strategic competitor in President Donald Trump's National Defense Strategy.

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  • Rupee Hits Lifetime Low of 69 To The Dollar
Rupee Hits Lifetime Low of 69 To The Dollar

The main triggers for the fall includes rising crude oil prices, a widening trade deficit, and more foreign investors pulling out of the market. Brent crude was trading at almost $78 a barrel in Asian trade today. So how does this situation affect you? The import intensity in engineering exports is increasing and hence the fluctuation of the ...

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  • Australians caught in global Ticketmaster data breach
Australians caught in global Ticketmaster data breach

The breach occurred when the malware was placed in a customer support tool hosted by Inbenta Technologies , the firm says. "We don't believe there are any customers in Australia or New Zealand that have been affected but we are contacting them out of an abundance of caution".

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  • France's Le Mare: Europe will respond to USA tariffs if provoked
France's Le Mare: Europe will respond to USA tariffs if provoked

The EU planned to retaliate, according to a European Commission memo obtained by Bloomberg. The US followed a similar process for the steel and aluminium industry, which led it to impose tariffs on the foreign metals this spring. Many lawmakers have been critical of Mr Trump's use of the trade law, which was rarely applied before he took office...

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  • USA stocks end lower on Trump's trade uncertainty
USA stocks end lower on Trump's trade uncertainty

The comments Wednesday stood in contrast to a White House statement on May 29 that said "the United States will implement specific investment restrictions and enhanced export controls for Chinese persons and entities related to the acquisition of industrially significant technology".

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  • Trump calls Erdoğan, congratulates election success
Trump calls Erdoğan, congratulates election success

In their phone conversation, Trump and Erdogan emphasized the need to implement the endorsed plan on Manbij and agreed to work together in the fight against terrorism, the Turkish presidency said in a statement. Erdogan managed to remain in power after a failed military coup in 2016 that sought to unseat the AKP from its rule. Russian President...

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  • Trump warns Harley-Davidson: 'We won't forget'
Trump warns Harley-Davidson: 'We won't forget'

Trump said this while defending his recent decision to impose tariffs on the import of foreign products. Companies are now coming back to America. Trump says on Twitter, "We won't forget, and neither will your customers or your now very HAPPY competitors!" Local US media reported in May that a labour union for Harley-Davidson suggested some K...

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  • Trump denies he's to blame for Harley-Davidson decision
Trump denies he's to blame for Harley-Davidson decision

Is Harley-Davidson using the new European Union tariffs as an excuse for shifting production overseas? In a Securities and Exchange Commission filing, Harley-Davidson said the 31 percent tariff, up from 6 percent, would add about $2,200 to the cost of each motorcycle - and the impact could reach $100 million per year.

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  • United States to curb Chinese investment in tech firms
United States to curb Chinese investment in tech firms

But defensive Canadian utilities and USA consumer staples also struggled, echoing some of the more dramatic downturns that defined the stock market earlier this year. France supports frank and honest discussion which serves to find solutions and push forward cooperation, he said. USA defence strategists are broadly concerned by China's rapid adva...

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  • ‘Death to Palestine’ chants erupt at Iranian economic protests
‘Death to Palestine’ chants erupt at Iranian economic protests

In one move aimed at conserving those dollar reserves, Iranian Minister of Industries, Mining and Trade Mohammad Shariatmadari has banned the import of 1,339 products categorized as "non-essential goods" that he said can instead be produced within the country.

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  • Azerbaijan welcomes OPEC decision to increase oil output
Azerbaijan welcomes OPEC decision to increase oil output

As the fourth-largest producer of oil in sub-Saharan Africa, Congo wants to increase its oil production this year to 300,000 barrels a day, the Minister of State and chief of staff to the head of state said earlier this year. ICE August Brent lagged slightly, settling $2.50 higher at $75.55/b. Al-Falih signaled that supply would increase by nea...

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  • U.S. pushes allies to halt Iran oil imports, waivers unlikely
U.S. pushes allies to halt Iran oil imports, waivers unlikely

He said Indian and Chinese companies would be subject to the same sanctions as those in other countries. The official did not rule out the possibility that the White House would extend waivers to certain nations, but said that there are no active negotiations over such waivers at this time.

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  • Harley-Davidson move shows United States facing 'consequences' of tariffs: European Union
Harley-Davidson move shows United States facing 'consequences' of tariffs: European Union

Harley-Davidson will begin to shift the production of motorcycles headed for Europe from the U.S. to factories overseas as it faces spiralling costs from tariffs . But Trump says that's just an excuse. Trump was aboard Marine One late Monday afternoon, flying over the Potomac River toward Joint Base Andrews in Maryland, when he pecked out a twee...

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  • China, EU teaming up against Trump in trade war
China, EU teaming up against Trump in trade war

The S&P 500 Index closed down 1.35%, which says many United States investors believe the worst case scenario won't happen with a trade war and I hope they're right but we're gambling with the former casino owner called Donald Trump . Chinese officials deny foreign companies are required to give up technology. The Trump administration accuses Be...

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  • Trump warns Harley-Davidson: 'They will be taxed like never before!'
Trump warns Harley-Davidson: 'They will be taxed like never before!'

US President Donald Trump tweeted his disappointment at Harvey-Davidson's decision which he characterised as the company waving the white flag of defeat. The measure came in response to new U.S. duties of 25 percent on steel and 10 percent on aluminum imposed by the Trump administration. Martinez added.

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