Economy

Crude Oil Prices Slump After Shock Inventory Build

Crude Oil Prices Slump After Shock Inventory Build U.S. West Texas Intermediate futures were at $47.14 a barrel, down 52 cents. While Opec works to bring the market back into balance with its agreement to cut output by 1.8m barrels per day (bpd), production in the U.S. West Texas Intermediate, the USA benchmark for the price of oil, was down in parallel to $47.71 per barrel. The declines in the global crude oil market also trickled dow... [Full Article...]

Kremlin denies Russian hackers attacked US software firm

Kremlin denies Russian hackers attacked US software firm Qatar has denied the allegations. While tensions between Qatar and its Arab allies have been rising over the past few years over claims the country was funding terrorist organizations in the region, it was a news report on May 23 that sparked the latest crisis. [Full Article...]

May's Tories fail to secure majority, exit polls say

Nigel Farage's UK Independence Party, which campaigned for Brexit , did not make it into parliament. The initial projections also raise the prospect of Labour's Corbyn becoming prime minister if he can form a government with support from an array of smaller parties. [Full Article...]

Santander wins race to buy Banco Popular for €1

Santander wins race to buy Banco Popular for €1 The Single Resolution Board (SRB) - the body set up a year ago to deal with winding up struggling banks - pushed forward the sale after it was informed of the seriousness of the problem on Tuesday night. Within six hours, the SRB had swooped, cancelling the investments of Popular's shareholders and junior bondholders with the stroke of a pen and selling the lender for a solitary euro to Spanish ba... [Full Article...]

Sessions recused from probe due to campaign: Justice Dept.

Comey thinks he was sacked in due course because of the Russian Federation investigation. Comey confirmed that when Michael Flynn was sacked as national security adviser on February 13, the retired lieutenant general was under criminal investigation for statements in connection with Russian contacts and for the contacts themselves. [Full Article...]

Apple Unveils New IMac Pro

The Radeon Pro 580 GPU included in the more powerful iMacs is capable of playing VR games and creating virtual reality content. The most important change to the iMac comes in the GPU department though. The 12-inch MacBook was last updated earlier past year with faster chips and a rose gold colour option. In the meantime, you can check out more details and subscribe to get notified when it ... [Full Article...]

Economy Watch: Job Growth Tepid in May

Economy Watch: Job Growth Tepid in May Not only did employers slow their hiring during May. "The bad news is that they're having a very hard time finding qualified workers", said Dunkelberg. Manufacturers let go of 1,000 workers. But although the USA economy has been adding jobs at a furious pace, workers still aren't seeing very rapid wage growth. [Full Article...]

Government to revise prices of petrol, diesel daily

Government to revise prices of petrol, diesel daily At midnight it takes a few hours to change the rate. The average worldwide price of fuel in the preceding 15 days and the currency exchange rate is taken into consideration while deciding them. As per latest figures, IOC, BPCL and HPCL own almost 52,604 fuel retail outlet out of 56,190 total fuel outlets across the country. And 60-70 percent of these pumps are on the highways, said the association... [Full Article...]

Arab powers add people, groups with Qatar links to terrorism lists

The closure of the tiny energy-rich kingdom's sea, land and air borders with its neighbours has effectively left Qatar under siege. Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani also announced that the country was targeted through the media at a press conference. [Full Article...]

Brazil's court begins hearing on removing President Temer

Brazil's court begins hearing on removing President Temer If that ruling were to go against Mr Temer, he could be forced to step down. Last June , Alves resigned as President Michel Temer's tourism minister after accusations that he had taken bribes. The key partner in his center-right alliance in Congress, the PMDB party, has indicated that it is waiting to hear the results at the election court before deciding whether to withdraw support for Temer. [Full Article...]

TSMC will consider Taiwan sites ahead of offshore ones for new foundry

TSMC will consider Taiwan sites ahead of offshore ones for new foundry Looking at this figure it suggests that the shares of Taiwan Semiconductor Manufacturing Company Limited (TSM ) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Taiwan Semiconductor Manufacturing Company Limited (TSM ) is a good investment, however if the market is weaker then it could suggest that the shares ar... [Full Article...]

Pro-Kremlin lawmaker dismissive of Comey's testimony

Trump has been warned by lawyers to watch what he tweets because his comments could be used against him. "What matters is whether or not President Trump has a corrupt intent when he spoke to Director Comey about dropping the Flynn investigation ... [Full Article...]

London Bridge attacker known to security services as two terrorists named

The 30-year-old was held on suspicion of the commission, preparation or instigation of terrorist acts during a search of a property in Ilford and taken for questioning at a south London police station, Scotland Yard said. "We strongly condemn these actions". Charisse O'Leary, the former partner of attacker Rachid Redouane , said she had "shed many tears" for those caught up in the attack. [Full Article...]

European Union warns of 'no deal' if vote delays Brexit talks

Meanwhile, Donald Tusk , the president of the European Council, urged the British not to drag their feet for too long before coming back to the discussion table. There is a new government, perhaps a minority government, which will be dependent from day to day on shifting majorities in Parliament, in the lower house. [Full Article...]

Twitter users threaten legal action if Trump doesn't unblock them

Twitter users threaten legal action if Trump doesn't unblock them But they argue Trump's tweets rise to the level of statements made by a public official, and by blocking users, Trump is preventing citizens from having access to, or interacting with, those public statements. The issue is that courts have traditionally struggled even in physical spaces to identify what is a public forum so this is really becoming a cutting edge argument, Richards said. [Full Article...]

Wilson could return for Predators in Game 5 of Cup Final

I know I'm repeating myself here, but their 24 shots in Game 4 is their most in any game of the series. The final score tied for the seventh-biggest blowout in Cup Final history. Malkin, the second highest producing current player in the post-season after Crosby, wanted to do a better job himself of keeping and shooting the puck more. [Full Article...]

Putin visits France for talks; Macron does not give an inch

Putin visits France for talks; Macron does not give an inch Human rights groups opposed the project when it first was approved in 2008. Mr Putin added that Russian Federation had been well aware of opinion polls predicting Mr Macron's victory. Putin says it would be odd if Russian Federation rebuffed overtures from European politicians who want to strengthen relations. Macron said today that the use of chemical weapons in Syria constituted a "red... [Full Article...]

British Police Search Address In London Bridge Attack Probe

About 50 others were wounded. Butt, who was 27 years old, was a British citizen born in Pakistan . Both men lived in Barking, East London . He was known to security services and had appeared in a televisions documentary " The Jihadis Next Door ", which was broadcast a year ago. [Full Article...]

Sterling shaken by United Kingdom election shock, fallout limited elsewhere

The damage was limited elsewhere, with E-mini futures for the S&P 500 edging up 0.1 percent. London's main FTSE 100 stock index, which is mainly composed of companies that largely earn in foreign currencies and therefore benefit when they rise against the pound, climbed as much as 1.3 percent, before easing back to trade up 0.8 percent on the day as the pound recovered a touch. [Full Article...]

London attack : Political heat focusing on Theresa May

Khuram Shazad Butt (left) and Rachid Redouane were killed within minutes of Saturday's attack on London Bridge, British detectives say. Butt did not fall into this category when they last investigated him. Because there have been calls made by a lot of very responsible people on this, who are very anxious that she was at the Home Office for all this time , presided over these cuts in police n... [Full Article...]


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