Business

Algeria warns Saudi Arabia, Russia against increasing oil output

Algeria warns Saudi Arabia, Russia against increasing oil output But a flurry of U.S. announcements over the weekend unsettled oil markets. "We are prepared to work with countries that are reducing their imports on a case-by-case basis, but as with our other sanctions, we are not looking to grant waivers or licenses", Hook said, in comments that were seen as a softening of the United States' prior demands. [Full Article...]

Tesco and Carrefour say 'strategic alliance' will cut prices

Tesco and Carrefour say 'strategic alliance' will cut prices In a joint statement, the companies said they were hoping to improve the quality and choice of products available to their customers "at even lower prices thereby enhancing their competitiveness". He added that from the point of view of suppliers, "this is another signal of battles ahead". "It is highly likely that today's news is fuelled by fears of what Brexit might do to cross-channel trade and... [Full Article...]

Tesla hits Model 3 manufacturing milestone, hours after deadline

Tesla hits Model 3 manufacturing milestone, hours after deadline That's just a few hours short of Musk's self-imposed deadline of reaching this production rate by the end of the second quarter, June 30. In the email, Musk noted that the company had also achieved its production goals of 7,000 Model S and X vehicles in that same week. [Full Article...]

Harry Kane says England face 'moment of truth' against Colombia

Harry Kane says England face 'moment of truth' against Colombia Would you like to place a soccer bet? Given Alexis Sanchzez's competitive nature, he will be raging that he's not taking part in the World Cup. . "I'm ready for everything, whether it is a penalty, a set-piece or anything". "But as a team we're not scared of anyone". Both teams started the match with their second string side and played predictably in the first half as the duo know they have... [Full Article...]

Amazon building network of delivery contractors

Amazon building network of delivery contractors Dubbed "Delivery Service Partners", the program allows companies to run their own parcel delivery fleet with up to 40 vehicles and 100 employees and is geared specifically for small- to medium-sized businesses (SMBs), per Business Insider . [Full Article...]

Thyssenkrupp, Tata Steel merging Europe steel operations

Thyssenkrupp, Tata Steel merging Europe steel operations In September 2017, the two companies had signed a preliminary deal to merge their European steel operations. "With a commitment to avoid compulsory redundancies until October 2026, and the first £200 million of any operating profit being invested back in the business, this joint venture has the potential to safeguards jobs and steel-making for a generation". [Full Article...]

Coast Guard still searching for cruise ship crewman lost overboard

Coast Guard still searching for cruise ship crewman lost overboard A Coast Guard search for the crew member began about 10 minutes later, eventually covering 1,630 square miles, to no avail. "This is nothing short of miraculous", said Christine Duffy, president of Carnival Cruise Line, according to the paper. [Full Article...]

Iran vows to foil USA bid to block its oil exports

President TrumpDonald John TrumpScaramucci warns Trump must "change tactics now" on trade Trump sought to purchase historic Scottish building for hotel: report Republican wins right to replace Farenthold in Congress MORE said Sunday that the US will "absolutely" sanction European companies that do business with Iran . [Full Article...]

President Trump gets Saudi Arabia to increase oil production

President Trump gets Saudi Arabia to increase oil production While Venezuela's oil output has been in steep decline, the United States bringing back sanctions on Iran is seen as the real reason behind oil prices posting massive gains this week. "Once you get above that level, we are into uncharted territory", said David Fyfe, chief economist at the Gunvor Group, a major trading house. While the Saudi description of the conversation between Trump and Ki... [Full Article...]

Thyssenkrupp, Tata sign deal to become Europe's second biggest steelmaker

In September 2017, the two companies had signed a preliminary deal to merge their European steel operations. According to the filing, the formal execution of the definitive agreements is expected shortly. The joint venture - to be named Thyssenkrupp Tata Steel - will have about 48,000 workers and about 17 billion euros ($19.9 billion) in sales. "This is a significant milestone for Tata Steel and... [Full Article...]

British GDP growth revised up, but still lackluster for first quarter 2018

Services output, which makes up four-fifths of Britain's economy, rose by 0.3 percent in April, its fastest pace since November 2017, the Office for National Statistics said . Despite the better news for the economy, as Theresa May met her European counterparts on Friday in Brussels to discuss Britain's exit from the EU, the ONS said household consumption remained subdued and business investmen... [Full Article...]

Warburtons cuts production of crumpets as Carbon dioxide shortage bites

Warburtons cuts production of crumpets as Carbon dioxide shortage bites FDF chief executive Ian Wright said Carbon dioxide supplies were not expected to resume until next week. Beer and fizzy drink supplies have been reduced across all pubs in the United Kingdom, following the nationwide carbon dioxide shortage during Britain's hot summer month. [Full Article...]

Activists Protest Enbridge Line 3 Decision

Activists Protest Enbridge Line 3 Decision The Fond du Lac Band of Lake Superior Chippewa, a native group that opposes the Line 3 project as a threat to "critical" natural resources, said it's prepared to appeal the decision, according to statement after the hearing. The pipeline replacement is necessary for Enbridge as it now can transport only half of its capacity. The stock spiked to $47.24 in early trading as word of the routing deci... [Full Article...]

Trump urges Saudis to raise oil output ‘by two million barrels’

Trump urges Saudis to raise oil output ‘by two million barrels’ It was not immediately clear at what level of production Trump was referring to or by when. "This is a situation where United States shale oil production itself has dropped in the past few months and that drop in the inventory has pushed oil prices up", Jordan said. [Full Article...]

Vancouver restaurant manager unrepentant after refusing Trump supporter

Vancouver restaurant manager unrepentant after refusing Trump supporter The customer argued they had the right to wear it, but ultimately left the restaurant. "And [the manager] refused to serve him if he wouldn't take off his hat, and so the customer had to leave". Steinhauser also says things might have been handled better if the company had counselled Hodge, rather than terminate him. The company, which also runs Seasons in the Park, Cardero's and The Sandbar, de... [Full Article...]

Saudi king said will boost oil output if needed: White House

Saudi king said will boost oil output if needed: White House Saudi Arabia, meanwhile, is planning to pump as much as 11 million barrels per day (bpd) of oil this month, about 1 million more than it is producing now, an industry source told Reuters this week. Saudi Energy Minister Khalid al-Falih met with U.S. Secretary of State Mike Pompeo in Washington on Thursday to discuss energy security. Many analysts and investors think strict enforcement of U... [Full Article...]

Chevrolet Volt can charge twice as fast as old model Autoblog

Chevrolet Volt can charge twice as fast as old model Autoblog Chevrolet has announced a new, faster charging system for its Volt hybrid, helping halve the time required for a full battery. Things like the pedestrian alert system (warning people when there's no engine noise), tyre fill alert, new seating patterns, a relocated wireless charging pad and fresh exterior colours have also been added to the roster. [Full Article...]

Crude oil continues to run. Up 1.9% on the day

Crude oil continues to run. Up 1.9% on the day According to the Associated Press (AP), the U.S. Department of the Treasury announced Wednesday that it had revoked licenses that allowed U.S. -controlled foreign firms to export commercial aircraft parts to Iran as well as permitted Americans to trade in Iranian carpets, pistachios and caviar. [Full Article...]

Unusual Volume Spikes For: Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Unusual Volume Spikes For: Walgreens Boots Alliance, Inc. (NASDAQ:WBA) There has been rising change grasped around 50 day SMA. Historical volatility refers to the price fluctuations exhibited by the underlying asset (such as stock ) over time. Analyst's suggestion with a score of 3 would be a mark of a Hold views. A rating of 4 or 5 represents a Sell idea. Take a review on its volatility measure, 2.09% volatility was seen in a month and for the week it was o... [Full Article...]

GM may slash American jobs because of Trump tariffs

GM may slash American jobs because of Trump tariffs The $12.6 billion (CA$16 billion, €10.8 billion) in tariffs will hit U.S. steel and aluminum, as well as more than 250 other goods. In Ottawa , Conservative MP Pierre Poilievre blamed Prime Minister Justin Trudeau for overspending public dollars and instituting policies that he said help Trump kill jobs in Canada. [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9  Next »