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Oil in Global Economy Series

Oil in Global Economy Series: US oil exports would top most OPEC members by 2020

Jul 11, 2017 10:19 am UTC| Commentary

PIRA Energy, which is a part of SP Global Platts and is widely followed by energy executives and hedge funds forecast that the oil exports from the United States would increase in such a fashion that it would topple...

US under Trump Series

US under Trump Series: Donald Trump Jr. may be called to testify before Senate over his meeting with Russian lawyer

Jul 11, 2017 09:51 am UTC| Commentary Politics

President Trump eldest son Donald Trump Jr. might be called upon by the Senate Intelligence Committee to question about a meeting that took place in June 2016 at the Trump Tower between Trump Jr., President Trumps...

European Migrant Crisis: European population soars to 512 million on migrant influx

Jul 11, 2017 09:18 am UTC| Commentary

According to a report from Eurostat, the statistical body of the European Union, as of January 1st, the population in the European Union rose to 511.8 million compared to 510.3 million a year ago. The number of births and...

Indian Supreme Court halts government ban on cow slaughter

Jul 11, 2017 08:55 am UTC| Commentary

The Supreme Court of India has ruled against the cow slaughter ban initiated by the Government of India, which is ruled by Hindu Nationalist Bhartiya Janata Party (BJP). The ban was initiated in May this year and since...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: John Williams remains policy hawk

Jul 11, 2017 07:58 am UTC| Commentary Central Banks

The recent weakness in the job numbers and inflation report has so far failed to persuade the majority of the FOMC policymakers to shy away from the Feds current hawkish stance and the San Francisco Fed President John...

Briferendum Aftermath Series

Brexit Series: EU changes stance on Gibraltar

Jul 11, 2017 07:23 am UTC| Commentary

After the UK Prime Minister Theresa May sent the Brexit letter to the European Council in March, the EU triggered an outrage in the UK by suggesting that with Britain gone from the bloc, the EU would support Spains...

Oil in Global Economy Series

Oil in Global Economy Series: OPEC confirms no deeper cuts in discussion

Jul 11, 2017 06:58 am UTC| Commentary

OPEC members, which along with other participating 11 non-OPEC countries including Russia have reduced global oil supply by 1.76 million barrels per day beginning this year are not eyeing for deeper production cuts to...

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Economy

Deutsche Bank Sees Global Capital Shifts Reshaping Long-Term U.S. Dollar Outlook

Structural changes in global capital flows, technological innovation, and geopolitical developments are redefining the long-term outlook for the U.S. dollar, according to a new research note from Deutsche Bank. The bank...

Trump, Canada Reach Gordie Howe Bridge Deal Ahead of July 27 Opening

The $4.7 billion Gordie Howe International Bridge connecting Detroit and Windsor, Ontario, is set to open on July 27 after the United States and Canada reached a new agreement on toll revenue, ending months of uncertainty...

Gordie Howe Bridge to Open July 27 After U.S.-Canada Reach Toll Revenue Agreement

The long-awaited Gordie Howe International Bridge connecting Detroit, Michigan, and Windsor, Ontario, is set to officially open on July 27 after the United States and Canada reached a new agreement over toll revenue,...

Fed Reaffirms 2% Inflation Goal, Vows Forceful Action to Anchor Price Expectations

The Federal Reserve reaffirmed its commitment to restoring price stability, saying it is prepared to act forcefully if necessary to keep longer-term inflation expectations anchored around its 2% target. The pledge came in...

Dollar Ends Week Higher as Yen Jumps on Japan Pension Fund Investment Plans

The U.S. dollar traded within a narrow range on Friday and was on track for a modest weekly gain as investors weighed evolving inflation expectations, Federal Reserve policy signals, and renewed geopolitical tensions in...

Politics

Iran's Supreme Leader Vows Revenge as Trump Threatens Massive U.S. Military Response

Irans Supreme Leader Ayatollah Mojtaba Khamenei vowed on Saturday to avenge the death of his father and predecessor, Ayatollah Ali Khamenei, escalating tensions with the United States as President Donald Trump warned that...

Iran Says It Closes Strait of Hormuz After Warning Shot at Vessel

Irans Revolutionary Guards (IRGC) navy announced early Sunday that it has closed the Strait of Hormuz until further notice after firing a warning shot at a vessel it claimed was attempting to transit through the strategic...

DOJ Subpoenas New York Times Journalists Over Air Force One Leak Report

The U.S. Department of Justice has ordered several New York Times journalists to appear before a federal grand jury after the newspaper reported on security concerns surrounding President Donald Trumps new Air Force One...

Ann Widdecombe Murder: Police Arrest Second Suspect, Rule Out Terrorism Motive

British police have arrested a 28-year-old man on suspicion of murdering former UK government minister Ann Widdecombe, while investigators said there is currently no evidence linking the case to terrorism or a political...

Ukraine Says Drone Strikes Hit 21 Russian Oil Tankers as Russia Launches Fresh Missile Barrage

Ukraine said its military damaged 21 Russian tankers carrying crude oil and petroleum products during overnight drone strikes in the Sea of Azov, marking one of Kyivs most significant attacks on Russias energy transport...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft

Apple has filed a lawsuit against OpenAI and two former Apple employees, accusing them of misappropriating confidential company information and trade secrets tied to its hardware development efforts. The lawsuit, filed...

SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO

SK Hynix made a strong debut on the Nasdaq on Friday, with its American Depositary Receipt (ADR) shares closing 12.8% higher at $168.01 after completing a record-breaking $26.5 billion U.S. initial public offering (IPO),...

Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI

Elon Musk has publicly praised artificial intelligence startup Anthropic, saying the company is obviously the current leader in AI, in a rare acknowledgment of a key rival as competition among top AI developers...

OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO

OpenAIs head of products and business, Fidji Simo, announced on Thursday that she will step down from her leadership role and transition to a part-time advisory position after experiencing complications from a chronic...

Samsung Chairman Lee Jae-yong Expected to Meet Nvidia CEO Jensen Huang on AI and Chip Partnership

Samsung Electronics Chairman Lee Jae-yong is expected to meet Nvidia CEO Jensen Huang in the United States by the end of July as the two technology giants explore deeper cooperation in semiconductor manufacturing and...