Algeria’s energy minister said as he prepared to host a meeting of OPEC producers later this week that Saudi Arabia, the world’s biggest oil exporter, has offered to cut its output to January levels. After Saudi Arabia signaled that the Algiers meeting will be consultative and unlikely to reach a firm decision, prices tumbled 3.7 percent on…
To prevent them becoming extinct in the wild, conservationists urge countries to give imperilled species the highest level of protection at the global Cites summit. Conservationists say that from iconic species such as elephants and lions to lesser known, but equally troubled, creatures such as devil rays and the psychedelic rock gecko, a global wildlife…
A recent WTO report on the European Union has made the U.S. government and Boeing happy. The WTO report has allegedly revealed how the European Union (EU) failed to stop unfair government subsidies to French plane-maker Airbus despite previous rulings by the global trade body which the U.S. government and Boeing have welcomed heartedly. Reported to…
Efforts at flying packages to its customers by the process of integrating drones into its system is being stepped up by one of the world’s largest package delivery companies. As a first step towards this aim and to seriously try out the possibility of test using of drones to make commercial deliveries to remote or…
As the social media company grapples with its slowest revenue growth since going public in 2013, sources have been quoted in the media as saying that Twitter Inc has initiated talks with several technology companies to explore selling itself. Twitter suffered from management turmoil since its earliest days as the company has failed to grow…
Following Brexit voting, there is talk about clearing firms leaving London and if that happens, London Stock Exchange Group Plc Chief Executive Officer Xavier Rolet anticipates that one-hundred thousand jobs would be at risk. “We estimate, conservatively, that at a very minimum 100,000 jobs, in risk management, compliance, middle office, back-office support functions — by…
The Danish shipping and oil conglomerate A.P. Møller-Mærsk would now split up into two new entities – one that will cater to its transport business and another one to look after the energy division. This announcement was made by the company on Thursday. “The industries are challenged and we have not really been able to…
The biggest risks in the U.S. are posed by violence, alcoholism, and obesity even as the rest of the world isn’t doing much better. Scandinavian social democracies invariably get a chance to show their quiet dominance in every study ranking nations by health or living standards. And it is no different for a new analysis published this week—perhaps the most comprehensive ever. According…
A new role operating trans-Atlantic routes that were previously the preserve of some of the world’s biggest planes would now be conducted by the smallest aircraft made by Boeing Co. and Airbus Group SE. A 15 percent fuel saving meant to cut costs on the shortest inter-city services is offered by the re-engined 737 Max and…
Talks are on for Lit Motors, an electric motorbike startup to be bought by Apple even as the tech giant is seeking a stake in luxury carmaker McLaren in order to ramp up efforts to disrupt the transportation industry, several sources were quoted in the media as saying. One of the sources reportedly told media…
