Finance

Finance Trump backs off claim of convicing Saudi Arabia to boost oil production
Author: 0 Trump backs off claim of convicing Saudi Arabia to boost oil production

Its record is 10.72 million barrels a day. Trump said on Twitter that he asked Salman to increase oil production "to make up the difference.Prices to high! He has agreed!" read the tweet. "Iran is in a really terrible position right now", said Sara Vakhshouri, head of Washington, D.C. -based consultant SVB Energy International. Added to the losses from Venezuela, is there enough capacity to replace the lost Iranian volume?? Trump made the original request because, he said, oil prices ...

Finance Is Donald Trump on a relentless quest to corner Iran?
Author: 0 Is Donald Trump on a relentless quest to corner Iran?

Last week, Turkey's economy minister said his country does not plan to abide by the US demand for countries to stop importing Iranian oil, calling the request "nonbinding" on Turkey - a stinging rebuke from a North Atlantic Treaty Organisation ally.

Finance Did Tesla Hit Its Model 3 Production Goal Last Month?
Author: 0 Did Tesla Hit Its Model 3 Production Goal Last Month?

Model 3 production started in July 2017 , and back then, Musk was promising 20,000 Model 3 cars per month by the end of the year . Tesla said today it produced 5,031 Model 3 electric cars in the last seven days of its second quarter, beating its long-elusive production target after several hiccups.

Finance Dell to return to public trading
Author: 0 Dell to return to public trading

Earlier this year, Dell disclosed that it was considering a reverse merger with VMware as part of its public market return. Dell's share of that dividend would be up to $9 billion. Following the deal, investors who owned the tracking stock will in aggregate account for between 20.8 percent and 31 percent of Dell's ownership. The tracking stock has almost doubled in value since it was issued, closing Friday at $84.58.

Finance LeBron James to join Lakers for $154 million over 4 years
Author: 0 LeBron James to join Lakers for $154 million over 4 years

In 2009 and 2010, he was tagged as the most valuable player. However, it's important to note that both Paul George and Chris Paul will be staying put, so the idea of pairing James with a superstar comes down to if the Lakers will be able to acquire Kawhi Leonard in a trade.

Finance Miraculous' sea rescue of man who went overboard
Author: 0 Miraculous' sea rescue of man who went overboard

Saturday almost 30 miles northwest of Pinar del Rio. "A Coast Guard Air Station Miami HC-144 Ocean Sentry airplane crew was diverted to conduct search patterns at 3:30 p.m.", the Coast Guard said. He was listed in stable condition, according to the U.S. Coast Guard. "Watchstanders directed the launch of a Coast Guard Air Station Clearwater MH-60 Jayhawk helicopter crew, now deployed in the Bahamas", the Coast Guard said.

Finance Amazon is helping entrepreneurs start delivery companies for its packages
Author: 0 Amazon is helping entrepreneurs start delivery companies for its packages

According to Amazon Logistics , "If you're a customer-obsessed people person who loves coaching teams in a high speed, ever-changing environment, becoming an Amazon Delivery Service Partner is an ideal opportunity for you". People have to apply at logistics. amazon .com and be approved by Amazon. These businesses will be treated as Amazon's Delivery Service Partners and will receive support from the ecommerce major.

Finance Saudi Arabia not confirming Trump's 2M barrels
Author: 0 Saudi Arabia not confirming Trump's 2M barrels

Trump said on Twitter that King Salman agreed to the request, but a state-run press agency in Saudi Arabia didn't confirm the two leaders reached any agreement. "He has agreed! (sic)", Trump tweeted. That would be roughly 1 million barrels per day of crude oil output increase according to OPEC officials. Khalid Al Falih, Saudi Arabia's energy minister, stated that the new agreement implies an output increase of one million barrels per day, while other OPEC members indicated an increase of ...

Finance Canadians Rally Around Retaliatory Tariffs Aimed At The U.S.
Author: 0 Canadians Rally Around Retaliatory Tariffs Aimed At The U.S.

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.

Finance Remaining Toys
Author: 0 Remaining Toys "R" Us stores close for good

On March 14, the company confirmed that all stores in the U.S. would be closing, ending a 70-year operation. What we found was a manager who didn't want us filming, no Geoffrey, and a pretty good sale on a small selection of toys. This seems to be linked to recent rumors of a Toys "R" Us reboot in the works, which surfaced from a Bloomberg report. After declaring bankruptcy in September, the chain in March sought a bankruptcy court's approval to start closing its 735 USA stores, with ...

Finance Bali reopens airport after volcano eruption strands thousands of tourists
Author: 0 Bali reopens airport after volcano eruption strands thousands of tourists

The airport reopened at 2:30 p.m. and all contingency plans to resume flights have been prepared and implemented according to procedure. All three carriers said passengers will receive an SMS or email if their Bali flight is affected however Australians are urged to check airline website for flight status updates.

Finance Iran: Protesters Chant 'Death to Palestine' in Tehran's Grand Bazaar
Author: 0 Iran: Protesters Chant 'Death to Palestine' in Tehran's Grand Bazaar

Monday's protests in Tehran began at the capital's sprawling Grand Bazaar, which has always been a center of conservatism in Iranian politics and where the ayatollahs' 1979 Islamic Revolution first gathered pace. Crowd chants: "We will die, will take back #Iran", "Iranians will die, will not accept humiliation". Holly Dagres, an Iranian-American analyst, told The National that the Grand Bazaar's traders have a history of association with such protests.

Finance Oil falls on OPEC's announced output rise
Author: 0 Oil falls on OPEC's announced output rise

U.S. West Texas Intermediate (WTI) crude futures were at $68.41 a barrel, down 0.25 percent, supported more than Brent by a slight drop in U.S. drilling activity and a Canadian supply outage. The most dramatic events in the oil market last week occurred in North America as opposed to OPEC's get-together in Europe, according to Goldman Sachs Group Inc.

Finance President warns Harley-Davidson: 'We won't forget'
Author: 0 President warns Harley-Davidson: 'We won't forget'

Trump enjoyed the support of a group called "Bikers for Trump" in his 2016 presidential campaign and he invited Harley-Davidson representatives to the White House in February 2017 shortly after he took office, greeting them with the words "Made in America, Harley-Davidson".

Finance Rouhani: Iran will not give in to U.S. pressure
Author: 0 Rouhani: Iran will not give in to U.S. pressure

Washington's allies, including those dependent on Iran's oil, should ultimately refuse the imports by November 4 or else face secondary U.S. sanctions. "In the coming months we will see much more intervention in the economy by the government, a centrally imposed style of management by diktat", he said.

Finance Trump's China trade dispute: Is it a war for tech supremacy?
Author: 0 Trump's China trade dispute: Is it a war for tech supremacy?

The secretary called reports in the Wall Street Journal , Bloomberg and elsewhere "fake news", saying restrictions will apply to " all countries that are trying to steal our technology ". On the military front, the U.S. Defense Department has labeled China a "strategic competitor" and withdrew the country's participation in a biennial global military exercise, scheduled to begin this week near Hawaii.

Finance US trade policy drives Harley Davidson to create EU jobs
Author: 0 US trade policy drives Harley Davidson to create EU jobs

The stock is down 18 per cent this year. "The European Union is trying to punish USA workers because they have engaged repeatedly in unfair trade practices and the president is saying enough is enough", she said . He called the plan the "latest slap in the face to the loyal, highly skilled work force" that builds the company's bikes. As Bloomberg notes , Harley had already warned that those rules would drive up costs for its raw materials.

Finance Erdogan secures sweeping executive powers
Author: 0 Erdogan secures sweeping executive powers

With election victory in hand, Erdogan will rule with new muscle provided by sweeping changes to the constitution that were approved by a narrow majority of the electorate in a controversial referendum that he championed a year ago. The latest win maintains the status quo, but that isn't necessarily a good thing for Turkey's economic situation. Observers praised the high turnout of around 87 percent, saying it proved the Turkish voters' commitment to democracy.

Finance Saudi Arabia Pledges ‘Measurable’ Oil Supply Boost
Author: 0 Saudi Arabia Pledges ‘Measurable’ Oil Supply Boost

He was repeatedly asked whether countries with spare production capacity - mainly Saudi Arabia - would be able to make up the volumes that others can't produce. When the deal was struck, oil markets were massively oversupplied with prices less than half of the highs experienced in 2014. In an acknowledgement of how successful that pact has been in raising prices, the alliance recommitted itself to aim for 100% compliance with the deal.

Finance Canada legalises recreational cannabis use
Author: 0 Canada legalises recreational cannabis use

Canada now becomes the first G7 nation, and the second country in the world after Uruguay, to legalize the use of weed for recreational purposes. The federal minimum age for marijuana use in Canada will be 18, but some provinces are setting their own minimum age at 19, which is the drinking age in most areas.