Thursday, April 9, 2020

WN-Business

G7 warns Facebook against launching Libra before proving safe

A report issued by the Group of Seven (G7) industrialized nations warned that Facebook's Libra should not be launched until the company proves safe and secure. The world's largest economies have warned that cryptocurrencies such as Libra are a...

Dr Mahathir: Aramco plant attacks are expected to impact global oil prices

Malaysian Prime Minister Dr Mahathir Mohamad said on Sunday that the attacks on Aramco oil plant in Saudi Arabia are expected to affect world oil prices, including Malaysia. However, in Malaysia, the Prime Minister explained, the government subsidized the fuel...

Global oil price to jump after Saudi Arabia suspends oil production following drone attacks

Global oil price likely to jump after Saudi Arabia temporarily suspends oil production at two Aramco oil plants attacked by Yemeni rebels, disrupting about half of the company's total production. The attack led to a temporary suspension of oil production...

OPEC chief says no alternative plans for OPEC deal

OPEC Secretary General Mohammed Sanusi Barkindo said in a statement to the Emirates News Agency on Tuesday that there are no alternative plans so far for the OPEC + agreement. Barkindo added that the Organization of Petroleum Exporting Countries and its allies,...

Google beats Amazon to win partnership with General Motors

General Motors (GM) announced on Friday that it has entered into a partnership with Google to support the development of vehicle control systems other than the development of audio technologies and entertainment and information features such as electronic navigation...

Apple to absorb tariffs instead price transfer to the customers

The latest round of tariffs imposed by the Trump administration on products and goods imported from China took effect on Sunday, affecting some of Apple's most popular products. The 15% increase on Chinese imports will affect Apple products such as...

China to launch official cryptocurrency to eliminate need for bank accounts

China's plans to launch a state-backed cryptocurrency may eliminate the need for bank accounts, a new study has found. A report was published in Binance, a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Since...

China trade update: Beijing to begins accepting duty-free applications on US imports next week

China trade update: Beijing announced that it will begin accepting requests for exemption from the implementation of the second round of additional tariffs on US imports starting from the second of next month. Companies, business associations or chambers of commerce...

ExxonMobil and Mosaic Materials to Explore New Carbon Capture Technology

ExxonMobil and Mosaic Materials to Explore New Carbon Capture Technology. ExxonMobil and Mosaic Materials said Monday that they have entered into an agreement to explore the advancement of breakthrough technology that can remove carbon dioxide from emissions sources. Mosaic Materials has...

HP CEO Dion Whistler resigns

HP CEO Dion Whistler has announced his resignation after more than four years in the job, pointing out that the move was due to reasons related to the health of his family, while expected to be replaced by Enrique...

Latest News

ExxonMobil Reduces 2020 Capex by 30%, Cash Opex by 15%; Maintains Long-Term Outlook

ExxonMobil said today it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by...

Russia begins clinical trials of Coronavirus drugs

The press service of the Russian Federal Biomedical Agency announced that clinical trials based on mefloquine, hydroxychloroquine and caledavir drugs for the treatment of...

Coronavirus: UK Premier transferred to intensive care

British Prime Minister Boris Johnson was transferred to intensive care tonight at St Thomas hospital after his condition deteriorated following his coronavirus hospitalization. This...

New York: 102,863 Coronavirus cases, escalating daily

New York Governor Andrew Como has announced that the number of Coronavirus cases in the state has risen to 102,863. He said: "New York is...

Pakistan: ABAD terms Construction Incentives as historic

Chairman Association of Builders and Developers of Pakistan (ABAD) Mohsin Sheikhani has termed the incentives announced by Prime Minister Imran Khan as a historic...