Business

November 7, 2020
Libya throws ONE MILLION barrels of oil into already oversupplied market

Libya's crude output has exceeded one million barrels per day since its oil industry came back online. However, the inflow may create shockwaves in the global oil market as demand...

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November 7, 2020
Russia-China trade NOT affected by pandemic, set to hit $110 BILLION – ambassador

The volume of trade between Russia and China could match last year's level of $110 billion if it continues to develop at the current pace, said Russian Ambassador to China...

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November 7, 2020
Move over, Musk! Volkswagen & Toyota revved up to challenge Tesla’s electric car market dominance

The bosses of the world's two largest automakers, Volkswagen and Toyota, have hit out at Tesla as they seek to challenge their US rival's leadership in the electric car market...

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November 7, 2020
Consolidation is killing jobs in US shale industry

The long-awaited consolidation in the US shale patch is well underway, with several high-profile multi-billion-dollar deals announced in the span of just a few weeks. Analysts say that the mergers...

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November 7, 2020
China’s exports growth outpaces pre-pandemic levels, offsetting coronavirus impact

China's foreign trade boomed again in October, with exports surging at their fastest pace for 19 months and imports showing stable growth, as the world's second-largest economy continues to rebound...

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November 7, 2020
China’s exports growth outpaces pre-pandemic levels, offsetting coronavirus impact

China's foreign trade boomed again in October, with exports surging at their fastest pace for 19 months and imports showing stable growth, as the world's second-largest economy continues to rebound...

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November 6, 2020
Oil slides as coronavirus pandemic continues to rattle economies

Oil prices have tumbled for the second straight day as rising coronavirus infections across the globe and new lockdowns in Europe spark fresh demand concerns for the commodity. Futures for...

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November 6, 2020
Huawei battles Sweden’s ‘draconic’ ban as it tries to hold on to European 5G market

Chinese tech giant Huawei has filed an appeal against Sweden's recent decision to phase out the company's telecom equipment from the roll-out of its next-generation 5G networks in the country....

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November 6, 2020
Japan’s Nikkei at almost 3-decade high, global stocks head to record levels as world awaits US election result

Japan's benchmark index Nikkei 225 closed up at the highest level since 1991 after global stocks continued to rally this week as investors prepare for a possible victory for Democrat...

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November 6, 2020
Skyrocketing bitcoin makes cryptocurrencies best asset of the year, outperforming gold

Bitcoin has hit its highest level since January 2018, nearing $16,000 during a wild post-election rally. The surge pushed other cryptocurrencies higher, making them more attractive than the traditional safe...

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November 6, 2020
Skyrocketing bitcoin makes cryptocurrencies best asset of the year, outperforming gold

Bitcoin has hit its highest level since January 2018, nearing $16,000 during a wild post-election rally. The surge pushed other cryptocurrencies higher, making them more attractive than the traditional safe...

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November 6, 2020
China may impose sweeping tariffs on Australian wine & ban other imports

Australian industry groups fear they may lose the lucrative Chinese market amid reports that Beijing could slap anti-dumping duties on Australian wine and suspend other imports as relations between the...

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November 5, 2020
Weinstein Co. bankruptcy plan headed to a vote by accusers

The judge presiding over the Weinstein Co. bankruptcy has overruled objections to a disclosure statement outlining a revised plan providing about $35 million for creditors, with roughly half that amount...

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November 5, 2020
Fed boss Jerome Powell is ‘Godzilla,’ worshipped like a magical creature for his money-printing power – Max Keiser

The hosts of the Keiser Report, Max Keiser and Stacy Herbert look at the winner being declared in the trending topics list on Twitter, days before the actual US election...

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November 5, 2020
Neither Trump nor Biden will wave a magic wand to fix America’s economic destruction – Peter Schiff

Stocks rallied before the election on expectations of a Joe Biden victory and Democrat control of the Congress. But the markets don't seem to be particularly concerned about the actual...

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November 5, 2020
India’s economy poised to reach pre-pandemic levels by year-end, says Finance Ministry

India may be past the first peak of Covid-19 cases as seen in September, according to the country's Finance Ministry. It said in a report the economy could reach pre-pandemic...

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November 5, 2020
Dollar weakens with Biden closer to victory & may go even lower

The US dollar traded lower against other major currencies on Thursday as President Donald Trump sued states over alleged election irregularities, while his rival, Democrat Joe Biden, pulled ahead in...

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November 5, 2020
China looks to boost oil exploration, expand oil & gas storage

China plans to further increase oil and gas exploration and accelerate the construction of more oil and gas storage infrastructure, state news agency Xinhua reported. Last week, China's Communist Party...

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November 4, 2020
Hospital serving Kansas stressed as coronavirus cases rise

Several dozen Kansas hospitals that serve Kansas patients reported Wednesday that they expect to deal with staffing shortages over the next week as the state continues to report an average...

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November 4, 2020
Hospital serving Kansas stressed as coronavirus cases rise

Several dozen Kansas hospitals that serve Kansas patients reported Wednesday that they expect to deal with staffing shortages over the next week as the state continues to report an average...

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November 4, 2020
Hospital serving Kansas stressed as coronavirus cases rise

Several dozen Kansas hospitals that serve Kansas patients reported Wednesday that they expect to deal with staffing shortages over the next week as the state continues to report an average...

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November 4, 2020
The Latest: NFL test data show 25 new COVID-19 positives

The Latest on the effects of the coronavirus outbreak on sports around the world: ___ NFL and NFL Players Association data for the week of Oct. 25-31 show eight new...

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November 4, 2020
Official: El Paso hospitals near ‘breaking point’ from virus

El Paso hospitals are near a "breaking point” as 3,100 new cases of the coronavirus were reported there Wednesday, an official said. “Hospitalizations continue to rise sharply and unfortunately more...

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November 4, 2020
Editorial Roundup: Georgia

Recent editorials from Georgia newspapers: ___ Nov. 4 The Daily Citizen-News on getting the flu shot: Haven't received your flu shot yet? If so, there are two more opportunities in...

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November 4, 2020
Tax amendment fails in Illinois, provides no budget relief

Voters have rejected a proposal to abolish Illinois' flat-rate income tax for one that would take a greater share from wealthier taxpayers. The outcome of Tuesday's vote handed Gov. J.B....

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November 4, 2020
AP VoteCast: North Carolina voters sour on state of nation

Voters in North Carolina made their pick for president while holding negative views about the country's direction and the nation's economy, according to an expansive AP survey of the American...

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November 4, 2020
Alabama capital voters approve school tax hike

Voters in Alabama's capital approved a measure to more than double the local tax rate and provide as much as $33 million annually to Montgomery's troubled public school system. The...

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November 4, 2020
AP VoteCast: California voters sour on state of nation

Democrat Joe Biden has won California's 55 electoral votes, the biggest haul of any state. Voters in California made their pick for president while holding negative views about the country's...

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November 4, 2020
AP VoteCast: California voters sour on state of nation

Democrat Joe Biden has won California's 55 electoral votes, the biggest haul of any state. Voters in California made their pick for president while holding negative views about the country's...

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November 4, 2020
US formally exits Paris pact aiming to curb climate change

The United States on Wednesday formally left the Paris Agreement, a global pact forged five years ago to avert the threat of catastrophic climate change. The move, long threatened by...

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November 4, 2020
Can Trump really take credit for US economic growth before the pandemic? RT’s Boom Bust finds out

The US stock market and employment rate hit record highs under Donald Trump's presidency before Covid-19 started to rattle the economy. However, the picture might be not as rosy as...

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November 4, 2020
Eurozone economy on track for double-dip recession

A new survey by IHS Markit showed that the eurozone's economic recovery stalled last month due to a second wave of Covid and the related restrictions, which crushed activity in...

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November 4, 2020
Gold will be WINNER no matter who clinches US election – hedge fund manager

Regardless of who wins the US presidency, gold and gold miners are set to benefit anyway, said James Rasteh, Chief Investment Officer of Coast Capital in an interview with CNBC....

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November 4, 2020
Gold will be WINNER no matter who clinches US election – hedge fund manager

Regardless of who wins the US presidency, gold and gold miners are set to benefit anyway, said James Rasteh, Chief Investment Officer of Coast Capital in an interview with CNBC....

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November 4, 2020
China’s service sector growth shows strong recovery in consumer demand

China saw its key services sector expand for a sixth consecutive month in October, a new industry survey showed, as the world's second largest economy continues its post-pandemic recovery. The...

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November 4, 2020
Bayer takes more than $10 BILLION write-down over Monsanto’s Roundup weed killer

German pharmaceutical giant Bayer said it's facing a double hit from a higher legal bill for claims relating to weed killer Roundup and €9.25 billion ($10.8 billion) in impairments on...

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November 4, 2020
EXPLAINING RACE CALLS: Why AP hasn’t called Florida

Here is an alphabetical state-by-state look at how and why The Associated Press is calling U.S. states in the 2020 presidential election. States will be added throughout Election Night. ___...

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November 4, 2020
EXPLAINING RACE CALLS: Why AP hasn’t called Florida

Here is an alphabetical state-by-state look at how and why The Associated Press is calling U.S. states in the 2020 presidential election. States will be added throughout Election Night. ___...

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November 4, 2020
EXPLAINING RACE CALLS: Why AP hasn’t called Florida

Here is an alphabetical state-by-state look at how and why The Associated Press is calling U.S. states in the 2020 presidential election. States will be added throughout Election Night. ___...

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November 4, 2020
EXPLAINING RACE CALLS: Why AP hasn’t called Florida

Here is an alphabetical state-by-state look at how and why The Associated Press is calling U.S. states in the 2020 presidential election. States will be added throughout Election Night. ___...

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