Saudi Arabia pulled out of planned talks with non-OPEC nations including Russia as disagreements about how to share the burden of supply cuts stood in the way of a deal to boost prices just days before a make-or-break meeting in Vienna. OPEC officials were scheduled to meet with non-members including Russia on Monday before a ministerial meeting in Vienna two days later. The meeting was later canceled […]
FRANKFURT Germany’s biggest airline Lufthansa said it will cancel some flights on Sunday even though its pilots have ruled out strikes that day following a four-day walkout that started on Wednesday. “Flight ops should proceed according to schedule on Sunday. Due to the strikes on the preceding days, there may still be a few cancellations,” the company said via Twitter and email, asking customers to check the […]
Iraq’s prime minister said the country is willing to cut some of its own production, in a move that could smooth the way to a supply deal when Opec, the oil cartel, meets next week. Haider al-Abadi said Iraq would “shoulder responsibility” for some of the planned reductions of the 14-member group’s output to bolster the oil price, according to comments reported by Reuters. The price of […]
Nov. 21, 2016 11:03 a.m. ET LONG BEFORE BRITISH ACTOR and rapper Riz Ahmed made a career of role-playing, he was already navigating competing identities. “There was a bit of a jump between home and school, both culturally and classwise—I often found myself pinballing between different versions of myself,” says Ahmed, 34, about his teenage years. “I guess, in a way, I was sort of acting from […]
Updated Nov. 25, 2016 4:59 p.m. ET Saudi Arabian oil officials won’t attend a meeting Monday with their Russian counterparts and others, OPEC officials said, disrupting plans between the world’s two largest petroleum producers to coordinate output cuts meant to elevate slumping crude prices. The move puts renewed focus on the Organization of the Petroleum Exporting Countries to break through an impasse at the 14-nation cartel’s next […]
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This transcript has been automatically generated and may not be 100% accurate. … much of the past twelve months we’ve seen a precipitous decline in the price of a barrel of light sweet crude … and they use see their dad … Nymex is down forty one point one nine of that this was … well over a hundred … in a tiny segments of soda … […]
Authored by Paul Craig Roberts, Liberals, progressives, and the left-wing (to the extent that one still exists) are aligning with the corrupt oligarchy against president-elect Trump and the American people. They are busy at work trying to generate hysteria over Trump’s “authoritarian personality and followers.” In other words, the message is: here come the fascists. Liberals and progressives wailed and whined about “an all white male cabinet,” […]
The Tuesday after Thanksgiving is called Giving Tuesday, and T-Mobile is feeling generous, so T-Mobile Tuesday is turning into #GivingTuesday next week. The weekly giveaways called T-Mobile Tuesdays have proved widely popular so far, and next week, T-Mobile is taking things to the next level. For #GivingTuesday, the Uncarrier plans to use its weekly giveaway for charity. As part of the promotion, T-Mobile will donate up to $500,000 […]
By Paul Arnold and Ludwig Burger | ZURICH/FRANKFURT ZURICH/FRANKFURT U.S. healthcare company Johnson & Johnson (JNJ.N) said on Friday it was in preliminary talks with Actelion (ATLN.S) about a potential takeover of Europe’s largest biotech firm, currently valued at about $20 billion. Lung disease specialist Actelion confirmed it had been approached and said there was no certainty a deal would occur. An acquisition of the Swiss company […]
Last year Donald Trump ended his run of 14 seasons as the cocksure boss on The Apprentice to prepare for his improbable White House bid. Today, as the US president-elect, he is assembling his administration in a way that suggests a new show is in the offing: The Appointee. The billionaire showman has brought the spectacle of reality television to the task of choosing his top political […]
Thanksgiving was a multicultural event on the International Space Station this year. While only two people in the crew currently aboard the ISS are American, a traditional American meal was in place to celebrate the occasion. The astronauts also watched football in order to complete this experience. The astronauts did not have the day off, unlike most Americans, but the American turkey dinner in space was similar to the […]
Coming on the heels of a Thanksgiving update and the official addition of Ditto in Pokémon GO, Niantic is finally bringing back a feature that drove many players away from the app when the company first yanked it from the game. The Return Of The Nearby Tracker At long last, the nearby tracker is returning, albeit slowly, to the overwhelming delight of many players who have continuously complained about […]
When you pull out your phone to order an Uber in ten years’ time, you’ll probably get a car that drives itself. Then again, you might not get a car at all. The taxi-hailing app is working on technology that would allow for airborne passenger drones that would take users short distances around cities. Speaking at Recode, Jeff Holden, Uber’s head of product, said that the company […]
Theresa May is facing a growing backlash over her flagship business reforms after leading company bosses and the Bank of England’s chief economist urged her to reverse plans on executive pay. Senior finance and corporate figures, including the BoE’s Andy Haldane and GlaxoSmithKline’s chief executive Sir Andrew Witty, have rejected two of the prime minister’s main corporate governance proposals. In a report to be published on Friday, […]
BEIRUT, Lebanon — Turkish soldiers were killed on Thursday by Syrian warplanes while fighting inside Syria for the first time since the civil war there began in 2011, the Turkish military announced. Three soldiers were killed and 10 others wounded, the military said. The troops were advancing toward Al Bab, a city in the north held by the Islamic State, close to the border with Turkey. The […]
While most global equity markets were subdued due to the US Thaksgiving holiday, the FX world was very busy overnight, marked by the relentless dollar surge on expectations of a rate hike not only in December but further in 2017, sending Asian currencies to the weakest level in 7 years: the Bloomberg-JPMorgan Asia Dollar Index reached 103.32, the lowest level since March 2009. The regional FX plunge […]
China has become the first country to receive more than 1m patent applications in a single year — a record the World Intellectual Property Organisation said reflected “extraordinary” levels of innovation in the world’s most populous nation. “[The Chinese] are making innovation a central part of their economic strategy,” Francis Gurry, director-general of the UN agency, said at a briefing in Geneva. While sceptics have long argued […]
Nasdaq is asking regulators to approve a new order type in the latest example of how the dynamics of speed are changing in the world’s largest equity market. In a letter to the Securities and Exchange Commission, the US exchanges operator proposed a so-called extended life priority order attribute, which would give priority to retail orders seen by the whole market when traders agree not to cancel […]
Iraq, the second-largest oil producer in OPEC, will shoulder part of the burden of output cuts outlined by the group in September, Prime Minister Haider Al-Abadi said. “Iraq will cut its output to preserve prices,” Al-Abadi told reporters in Baghdad on Wednesday. The country wants OPEC to reduce production by a total of 900,000 barrels a day when it meets next week in Vienna because the crude-market […]
BERLIN Lufthansa (LHAG.DE) pilots in Germany began a two-day strike on Wednesday, grounding hundreds of flights at one of Europe’s largest carriers in a bid to increase pressure on management in a long-running pay dispute. The pilot’s union initially called a walkout for 24 hours for Wednesday, but after two courts rejected attempts by Lufthansa to halt the strike, the union extended the strike for a further […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices rose to their highest level since October on Tuesday as the market priced in an expected output cut led by producer cartel OPEC, but analysts warned that a failure to agree on a cut could lead to a deepening supply glut by early 2017. International Brent crude oil futures rose as high as $49.63 a barrel on Tuesday, up […]
Mike Mullen, the former chairman of the joint chiefs of staff, has voiced concerns about the temperament of Michael Flynn, the controversial retired army general who Donald Trump has chosen for national security adviser. Mr Mullen said Mr Flynn, who served as his top intelligence officer at the Pentagon, had been “highly regarded” in the military. But speaking at the Aspen Institute, he said he was less impressed by […]
Theresa May has set out the terms of a new grand bargain with business, where the government invests to boost productivity and cuts corporation tax, in exchange for help tackling the worst excesses of capitalism. Setting out her business strategy, the UK prime minister proposes in the Financial Times a pact with corporate Britain to work together to defend capitalism, free markets and free trade from populist […]
