Because Saudi Arabia, OPEC’s dominant member, receives roughly $3.1 billion a year for every extra dollar gained by oil prices, it is unlikely…
Archive | Markets
Oil pauses after sharp gains, as market digests rising U.S. crude stocks
US crude oil eases on record production
USA crude oil prices are hovering near the lows for the week, but the spread between Brent and WTI point to higher prices. That whipsawed tr…
GM says ride sharing next year
With the investment from SoftBank , GM has additional support when it comes to the buildout of their autonomous vehicle program. As part of…
Watchdog begins crackdown on high-cost credit and bank overdrafts
Britain’s monetary watchdog is proposing a crackdown on high-cost lending, suggesting elementary reforms to the best way banks function and cost…
British transport minister urged to resign amid rail chaos
Commuters have complained of cancellations, long delays and overcrowding on Thameslink and Great Northern services since a new timetable was int…
Air NZ, Qantas announce code sharing agreement
Qantas and Air New Zealand will join forces in a codeshare partnership meant to isolate Virgin Australia , a former AirNZ ally but now common e…
Minimum wage in BC hikes to $12.65 tomorrow
But the Fair Work Commission’s 3.5 per cent rise from July 1 means the General Retail Industry Award will increase to $789.90 a week, or $20.79 …
Trump floats replacing NAFTA with bilateral agreements with Canada, Mexico
Ms Malmstrom said the measures “will cause a lot of damage to our steel and aluminium industry”. Asked if the United States was isolated on th…
Kmart gets ready to close last store in Hawaii
Workers at those stores will receive severance pay and can apply for openings at other nearby Kmart or Sears stores, according to the company. …
Jeep and Ram focus of Fiat Chrysler Automobiles five-year plan
Marchionne explained that, in total, you can expect to see some 30 new battery-electric or electric-hybrid models show up across the Alfa Romeo…
Petronas to buy 25% stake in LNG Canada Kitimat project
Petronas CEO Tan Sri Wan Zulkiflee Wan Ariffin said as one of the world’s largest LNG producers, Petronas will add value to the LNG Canada joi…
China’s stock profile to grow as A-shares make MSCI debut
The A-shares will only occupy a 0.39% weighting at first on the Emerging Markets Index, with further inclusions due in September. However, as …
Google to scrub U.S. military deal protested by employees
It appears Google has finally conceded, as Google Cloud CEO Diane Greene announced today in a company meeting that the Project Maven contrac…
U.S. may open door to more temporary immigrant workers, Trump aide says
When contacted by CNBC for comment on the controversy, the White House argued that it was OK for Trump to push the job numbers since “he did…
Valet damages 3 vehicles trying to park Porsche
In a freakish crash, a auto drove under another parked vehicle outside the Hyatt Regency Sydney hotel in Sydney’s CBD on Thursday. The hotel…
Spain’s conservative government falls, Socialist opposition leader takes power
The no-confidence motion made odd bedfellows of 22 widely divergent parliamentary groups, including anti-establishment left-wing national partie…
Ticketfly says user data was compromised in recent hack
EZEvent , which provides primary ticketing services for events large and small in competition with Eventbrite , reported a booming operation Th…
Google Will Not Renew Pentagon Contract That Upset Employees
The company, however, remained cautious of this contract becoming public anxious about how people would perceive it. Microsoft, Amazon, and IBM …
Passenger Smoking in Toilet Forces Southwest Flight To Make Emergency Landing
According to Fox News , that’s the hell one female passenger said she recently endured for nearly five hours aboard a Southwest flight from Las…
Why Will No One Take Warren Buffett’s Gosh-Darned Money?
Billionaire Warren Buffet was reportedly interested in investing over $3 billion in the ride hailing giant Uber earlier this year. A successfu…
Syracuse taxi drivers ask for level playing field with Uber, Lyft competition
However, a decision made last month by the California Supreme Court makes it harder for employers to classify their workers as independent contr…
As Italy’s populists take power, Europe is on edge
Law professor Giuseppe Conte , Italy’s new prime minister designate, speaks to the media to present his ministers list after being appointed …
U.S. smashes expectations for new jobs as unemployment edges down
The economy added 223,000 jobs in May, even more than economists predicted. This means unemployment is at its lowest level in decades, match…
Justin Trudeau’s speech in response to Donald Trump’s tariff announcement
Foreign Minister Chrystia Freeland spoke with U.S. Trade Representative Robert Lighthizer and Commerce Secretary Wilbur Ross . Canada and Mexic…
Bank of Canada keeps key interest rate steady at 1.25%
Its next rate announcement is scheduled for July 11. Some will wonder what stopped the Bank of Canada from raising interest rates today. But…
Trump’s warning to Canada: Fair NAFTA deal, or no deal at all
Freeland is making the announcement alongside Prime Minister Justin Trudeau following word from the White House that the USA will slap tariffs…
US Tariffs Raise Fears of Trade War with American Allies
Donald Trump announced worldwide plans for the tariffs – 25% on steel and 10% on aluminium – in March, but gave Canada, Mexico and t…
Trump flouts federal rule with tweet touting job numbers
President Donald Trump was briefed Thursday night about the monthly employment report issued Friday morning in Washington and signaled in adva…
OECD warns against ‘escalation in trade tensions
In 2018 and 2019, the Organisation for Economic Cooperation and Development (OECD) predicted, Belgium’s gross domestic product (GDP) will grow b…
After Months Of Talks, Italy Has A New Coalition Government
Fresh elections seemed like the most likely outcome, however, after it became clear Cottarelli’s government would not pass a vote of confidence …