Saturday, October 19, 2019

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

Does Turkey get what Erdogan wants?

Turkey had long vainly campaigned for the establishment of a "security zone" along its border with Syria. The agreement...

Scientists propose a new type of battery operated by artificial crystals

Scientists of the University of St. Petersburg, together with their foreign colleagues, have proposed a new type of battery operated by artificial crystals, an...

Olaf Schulz: Facebook’s Libra cryptocurrency should be banned

German Finance Minister Olaf Schulz on Friday renewed his criticism of Facebook's plans to launch its cryptocurrencies, Libra, and said a new world currency...

The British royal couple brought back memories of Princess Diana in Pakistan

The Duchess of Cambridge, Kate Middleton spoke with CNN in Lahore, Pakistan on Thursday, where the royal couple were visiting a village SOS for...

Johnson: We have a great new deal that puts us in control

Boris Johnson said on twitter: "We have a great new deal that puts us in control, now Parliament should finish Brexit on Saturday, so...