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Economy

The swift change in rhetoric follows signs of weaker demand and growing supply, the classic combination that served a blow to bullish traders, with benchmarks slipping into a bear market inside a month. "We hope that markets will calm down". But Russia appears to need more convincing that it should be cutting production again. He said the committee were reviewing the market and would draw up a plan to deal with the prospect of higher supply in 2019.
  • Trump says will meet China's Xi as trade talks 'move along'

    Trump says will meet China's Xi as trade talks 'move along'

    Economy

    The president's comments reflect the party's commitment to improved conditions for entrepreneurs is "vitally important", said economist Lu Zhengwei of Industrial Bank. His comments came a day after US Secretary of State Mike Pompeo said China should "behave like a normal nation on commerce and with respect to the rules of worldwide law".
  • Pakistan, China dismiss India`s `territorial integrity` protest over CPEC bus service

    Pakistan, China dismiss India`s `territorial integrity` protest over CPEC bus service

    Economy

    Both sides are also expected to sign several agreements and MoUs of cooperation in diverse fields. "We have lodged strong protests with China and Pakistan on the proposed bus service that will operate through areas of Pakistan Occupied Jammu and Kashmir State under the so-called "China-Pakistan Economic Corridor", the spokesperson for the Ministry of External Affairs (MEA) told reporters.
  • Spotify begins testing Apple Watch app

    Spotify begins testing Apple Watch app

    Economy

    As it is with all things Google, you might notice a little bit of oddity when it comes to services. Google Home speakers can also be personalized to individually recognize the voice of up to six household members, which can be used to access individual Spotify family plan profiles.
  • Rouhani first deputy: USA can not stop export of Iranian oil

    Rouhani first deputy: USA can not stop export of Iranian oil

    Economy

    US sanctions on Iran are set to take effect on November 4, but it is still not clear how big an impact the loss of Iranian oil will make on global supply. " Saudi Arabia's production has reached 10.7 million barrels per day this month and we could increase production to 12 million barrels per day". Baghdad has been saying that it would abide by the US sanctions on Iran.
  • Japanese pilot admits being drunk 10 times over alcohol limit

    Japanese pilot admits being drunk 10 times over alcohol limit

    Economy

    Tests found the 42-year-old first officer recorded 0.18 blood-alcohol reading, nearly 10 times the legal limit for a pilot and four times the amount for driving. "We are certain (the in-house breath test) wasn't conducted properly", Muneaki Kitahara, Japan Airlines' head of communications, told a press conference.
  • Trump, Xi eye G20 talks after 'very good' phone call

    Trump, Xi eye G20 talks after 'very good' phone call

    Economy

    Donald Trump said trade talks were "moving along nicely" and that meetings were "being scheduled" at the G20 summit in Buenos Aires. But Bloomberg later reported that the phone call - in which Trump and Xi both expressed optimism about resolving their bitter trade disputes - prompted Trump to ask officials to begin drafting potential terms.
  • Hammond's 2018 Budget includes 'Digital Services' tax

    Hammond's 2018 Budget includes 'Digital Services' tax

    Economy

    Monday's budget forecasts showed that Hammond was spending most of an unexpected tax windfall this year, rather than putting it towards reducing debt faster. And while the chancellor didn't name Google, Amazon or Facebook directly, he did say he was "already looking forward to my call from the former leader of the Liberal Democrats".
  • India jumps 23 places in global ease of doing business rankings

    India jumps 23 places in global ease of doing business rankings

    Economy

    Overall, India carried out six business reforms during the past year, earning the credentials of being a top global improver for a second consecutive year, according to the report that was released today. Improvements have already done on enforcement of contracts, taxation and insolvency laws and would be reflected in future rankings, he said. World Bank put India among the top 10 economies to make the most improvements, saying it focused on streamlining business processes.
  • Inside the frantic final sprint of the 2018 midterms

    Inside the frantic final sprint of the 2018 midterms

    Economy

    Political pundits say that the opposition Democrats are all set to regain control of the House , while Republicans will retain control the Senate , where it has a wafer-thin majority of 51-49. Historically, American voters have tended to leave incumbents in place so the news 39 Republicans are not running for re-election could pave the way for Democrat candidates to be voted in.
  • Rabbi Forced to Defend His Invitation to Trump

    Rabbi Forced to Defend His Invitation to Trump

    Economy

    Law enforcement outside the Tree of Life Synagogue in Pittsburgh . With eight days to go before the midterm elections, Trump has continued to hold his political rallies, complete with harsh criticism of Democrats and the media. A spokesman for Republican Senate Majority Leader Mitch McConnell said he already had events in his home state of Kentucky, pushing back on the suggestion that he declined.