Economy

So far, the prospect of the Middle East-dominated group orchestrating a fresh round of supply cuts has done little to prop up crude futures. Brent crude is down by about a fifth this month, putting it on course for its biggest one-month decline since late 2014.
  • Brexit transition extension could last until 2022, Theresa May admits

    Brexit transition extension could last until 2022, Theresa May admits

    Economy

    Leadsom told Sky News Saturday "there is still more to be done" to get "the best possible deal for the U.K." before the draft withdrawal agreement is signed off on November 25 in Brussels. The DUP, a small Northern Irish party which props up May's minority government, has threatened to pull its support if the backstop means the province is treated differently from the rest of the United Kingdom.
  • Nissan boss Carlos Ghosn to be fired, arrested

    Nissan boss Carlos Ghosn to be fired, arrested

    Economy

    Tokyo prosecutors said Ghosn is suspected of understating his salary by 5 billion yen, or about $44 million, according to Japan's Kyodo News. Nissan's CEO Hiroto Saikawa planned to prospose to its board that Ghosn and Kelly both be removed from their posts.
  • One killed and 47 injured in France fuel tax protests

    One killed and 47 injured in France fuel tax protests

    Economy

    Dozens of people were also injured, as drivers tried to get around stoppages, after protestors in a grassroots protest movement dubbed the "yellow vests" took to motorway sliproads, tunnel entrances or airport access roads. The diesel tax increases, created to encourage drivers to switch to more environmentally-friendly cars, were approved in late 2017 but began to bite when oil prices surged in October, angering some in the provinces who rely on their cars to get to work.
  • Food safety officials stress safe handling of raw turkey

    Food safety officials stress safe handling of raw turkey

    Economy

    There has only been one case of salmonella linked to Jennie-O turkey. And consumers with Jennie-O Ground Turkey 93% Lean, Taco Seasoned Ground Turkey, Ground Turkey 85% Lean and Italian Seasoned Ground Turkey in their freezers should toss them out or return them to the store for a full refund.
  • More talk of US-China trade ceasefire

    More talk of US-China trade ceasefire

    Economy

    US President Donald Trump has imposed tariffs on US$250 billion of Chinese imports in an effort to force concessions from Beijing on his list of demands that would change the terms of trade between the two countries. Washington (CNN Politics) President Donald Trump on Friday raised the prospect of ending his escalating trade war with China, but signaled U.S.
  • Irish 'lawyer for the Palestinian people' arrested for drunk, racist rant

    Irish 'lawyer for the Palestinian people' arrested for drunk, racist rant

    Economy

    According to reports , she also spat at him at some point before directing her anger at a woman crew member. "The woman turned unruly as the cabin crew denied her serving more liquor". you'll be f***ing shot". An inebriated woman who claimed to be an global lawyer and pro-Palestinian activist was arrested after a racist, abusive rant aboard an Air India flight.
  • The Shocking Role of Iranian Sanctions in Crude Oil's Plunge

    The Shocking Role of Iranian Sanctions in Crude Oil's Plunge

    Economy

    Front-month Brent crude oil futures were trading at $66.17 per barrel at 0737 GMT, up 5 cents from their last close. That surge in onshore output has helped overall U.S. Oil production is not just rising in the United States . Brent ended down US$4.65, or 6.6 per cent, to US$65.47 a barrel, the largest one-day loss since July 2018.
  • Dow plunges 500 as Apple leads tech rout

    Dow plunges 500 as Apple leads tech rout

    Economy

    The technology-focused Nasdaq index lost 2.8 per cent to 7,200.87 as the Dow fell by 602.12 points, or 2.3 per cent, to 25,387.18 and the S&P 500 shed 2 per cent to 2,726.22. After a weekend meeting, the oil cartel announced that Saudi Arabia plans to reduce exports by around 500,000 barrels a day from November to December.
  • Apple has a plan B as iPhone demand peaks; many suppliers don't

    Apple has a plan B as iPhone demand peaks; many suppliers don't

    Economy

    Apple analyst Ming-Chi Kuo says part of the blame for the slow XR sales is competition from Huawei . Apple's shares are down more than $9 this morning, crossing under the $200 mark for the first time in months. TF International Securities analyst Ming-Chi Kuo had similar observations in a note released on Monday. In the fourth quarter, Apple sold 46.9 million iPhones, missing analyst expectations of 47.5 million iPhones, according to FactSet.
  • Saudis proposing Opec cut oil by up to 1m barrels per day

    Saudis proposing Opec cut oil by up to 1m barrels per day

    Economy

    Trump's tweet followed weekend reports that Saudi Arabia was considering a production cut at the December OPEC meeting, on increased alarm that supply has started to outpace consumption. The meeting, which will also be attended by the oil ministers of Kuwait, Venezuela and host nation the UAE, is not due to make decisions but will most likely send signals.