• Trump blasts OPEC, warns European companies against business with Iran
Trump blasts OPEC, warns European companies against business with Iran

He hopes that will keep prices low - and motorists happy with cheaper fuel - as he tries to force the Iranians out of the market. Trump announced earlier this year that he would pull the USA out of the pact, which offered Tehran sanctions relief in exchange for curbing its nuclear program.

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  • Stocks mixed as investors keep eyes on US-China tensions
Stocks mixed as investors keep eyes on US-China tensions

The index is the global market's worst performer this year, down 14 percent since the start of this year. South Korea's tech-heavy KOSPI slipped as much as 0.97 percent to hit its lowest in almost 10 months. Harley-Davidson shares plunged 6.0 percent on Monday. He noted that the latest tariff threats from the White House would cover more than...

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  • Tesla Builds 5000 Model 3s In The Final Week Of June
Tesla Builds 5000 Model 3s In The Final Week Of June

The 5,000th vehicle finished final quality checks at the Fremont, California factory and was ready to go around 5am local time , one person said. In the past, Tesla has said that it's been able to boost production by idling its factories for short periods of time to address bottlenecks and upgrade equipment.

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  • Overboard Missing Cruise Employee Found 21 Miles North Of Cuba
Overboard Missing Cruise Employee Found 21 Miles North Of Cuba

Usually, when something like this happens it doesn't end up good but for a change, we have a miraculous rescue from the Carnival cruise ship. It happened shortly before 3:30 p.m. The crew member was found and rescued by Carnival Glory 21 miles north of Cuba. Check out Intelligent Cruiser here for a better cruise vacation. The crewmember was ...

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  • Canada finalizes tariffs on U.S. goods
Canada finalizes tariffs on U.S. goods

Canada and Mexico were initially exempted from the U.S. steel and aluminum tariffs but Trump ended this in July amid stalled talks to revamp a 1994 trilateral trade deal. Canada will provide as much as $1.5 billion in assistance for affected workers, including plans to expand a work-sharing program and enhancements to a corporate innovation fund,...

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  • Trump asks Saudi Arabia to increase oil production
Trump asks Saudi Arabia to increase oil production

China, the world's top crude oil buyer, imported around 655,000 barrels a day on average from Iran in the first quarter of this year, according to official Chinese customs data, equivalent to more than a quarter of Iran's total exports. USA retail unleaded gasoline prices, including taxes, averaged $2.833 a gallon for the week ended 25 June, acco...

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  • Thyssenkrupp, Tata Steel sign European merger deal
Thyssenkrupp, Tata Steel sign European merger deal

The definitive agreement signed on Saturday morning to merge European steel operations of the two groups will come to fruition once the transaction passes merger control clearance from European Union and in several other jurisdictions. It forms the core of Thyssenkrupp CEO Heinrich Hiesinger's plan to turn his steel-to-submarines conglomerate into ...

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  • India plans to cut oil imports from Iran‎, say officials
India plans to cut oil imports from Iran‎, say officials

Yesterday's announcement by the US State Department that the US expected its allies to stop all imports of Iranian crude by November may well have been created to ramp up the pressure on the Iranian regime, but it is also likely to exert further upwards pressure on US prices, which are already close to levels last seen back in 2014, and their May p...

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  • Chevy Volt gets faster charging, stronger regen, more luxury features
Chevy Volt gets faster charging, stronger regen, more luxury features

General Motors has cut the time needed to recharge the 2019 Chevrolet Volt plug-in hybrid almost in half by doubling the kilowatt capacity of the car's charging system. This charger allows the Volt to recharge its batteries to the full 53-mile range in just 2.3 hours from a 240-volt Level 2 outlet, rather than the 4.5 hours using the old 3.6 kW s...

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  • Amazon wants to deliver its own packages
Amazon wants to deliver its own packages

With startup costs as low as $10,000, owners can operate a fleet of up to 40 delivery vehicles and could make $300,000 in annual profit, according to the statement . Former Flex driver Olaoluwa Abimbola, who participated in Amazon's testing of the new small delivery business initiative, has grown his own delivery company with more than 40 em...

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  • Oil ETFs Get Boost as Iranian Imports Slashed
Oil ETFs Get Boost as Iranian Imports Slashed

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $70.88, up 35 cents, or 0.5 percent. State oil company Saudi Aramco is aiming to boost production next month to about 10.8 million barrels a day, the report here said. "What the Saudis, other GCC members and Russian Federation are clearly saying is that we don't want to overtake the ma...

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  • Trump claims Saudi Arabia will boost oil production
Trump claims Saudi Arabia will boost oil production

Trump's comments came Saturday as global financial markets were closed. Oil prices have spiked in the past week, and on Thursday crude rose above $74 a barrel for the first time since late 2014. "Kuwait will raise its oil production from tomorrow to 2.785 million barrels, a daily increase of 85,000 compared to May, based on last week's producti...

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  • Trump bashes OPEC for 'high' oil prices
Trump bashes OPEC for 'high' oil prices

In fact, with worldwide oil prices hitting a four-year high last month, retail price of petrol and diesel in India increased by up to Rs 4 per litre. U.S. crude inventories USOILC=ECI fell 4.1 million barrels last week, the Energy Information Administration said, exceeding analysts' expectations for a decrease of 2.7 million barrels.[EIA/S] Est...

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  • Canada announces final list of retaliatory tariffs
Canada announces final list of retaliatory tariffs

As temperatures and tensions increase, the measures targeting Can$16.6 billion ($12.6 billion) in USA steel, aluminum and consumer goods will take effect on Sunday , when Canadians celebrate a national holiday and just days before Americans celebrate Independence Day amid a heatwave expected in both countries.

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  • Triple H opens WWE Performance Center doors to Toys R Us mascot
Triple H opens WWE Performance Center doors to Toys R Us mascot

But sources have told The New York Post that Walmart executives had identified some 800 Walmart stores within five to 10 miles from an old Toys "R" Us location to carry extra toy inventory. The toy retailer is set to close its remaining 200. In 1965, Geoffrey the giraffe became the company's mascot, appearing in his first TV commercial in 1973.

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  • AirAsia cancels flights to and from Bali after Mount Agung erupts
AirAsia cancels flights to and from Bali after Mount Agung erupts

The airport's online flight schedule showed Singapore Airlines and KLM flights scheduled to arrive Friday evening. Mount Agung cast a reddish glow as its summit, visible for miles around, as smoke and ash plumes shot more than 6,000feet (2,500metres) into the air.

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  • Thousands March Through London to Demand Brexit Referendum
Thousands March Through London to Demand Brexit Referendum

They say they believe now is the time to accelerate preparations for no deal and a move to a World Trade Deal under WTO rules. Speakers at the event, which organisers say is expected to be the biggest anti-Brexit march to date, will include actor Sir Tony Robinson and Gina Miller, who fought a successful legal battle past year to ensure the Uni...

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  • Iran bans import of 1,400 items to support domestic products
Iran bans import of 1,400 items to support domestic products

The rial has been under pressure since the US withdrew from the 2015 Iran nuclear deal last month and started the process of re-imposing USA sanctions on the Iranian economy. Ali Fadli, the head of Iran Chamber of Commerce, Industries, Mines and Agriculture, said that the situation in the Tehran Bazaar is calm and has since it returned to its norma...

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  • Oil prices: Trump did not pressure us to increase production - Barkindo
Oil prices: Trump did not pressure us to increase production - Barkindo

The head of Saudi oil giant Aramco said it has spare capacity of 2 million bpd and can meet additional demand in case of supply interruptions. OPEC and non-OPEC partners including Russian Federation have since 2017 cut output by 1.8 million bpd to tighten the market and prop up prices.

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  • Trumped revved up over Harley Davidson
Trumped revved up over Harley Davidson

Harley-Davidson said it did not plan on raising retail or wholesale prices to cover the added costs. "When I had Harley-Davidson officials over to the White House, I chided them about tariffs in other countries, like India , being too high".

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