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Iran announces plan to circumvent U.S. oil sanctions

Iran vowed Sunday to defeat United States efforts to block its oil exports and warned rival producer Saudi Arabia it would never take Tehran's "place" on the worldwide oil market. Saudi Arabia's output is up 700,000 bpd from May, a Reuters survey found on Friday, and close to its 10.72 million bpd record from November 2016, more than making up for disruptions elsewhere within the Organization of the Petroleum Exporting Countries ( OPEC ). Read More »

Trump says Saudi agreed to raise oil output by 2 million barrels


The oil cartel OPEC has already signed off on a one million barrel a day increase. "President Trump's reckless decision to pull out of the Iran deal has led to higher oil prices", Senate Minority Leader Charles Schumer, D-N.Y., said last month during a photo op outside an Exxon station. Read More »

Thyssenkrupp, Tata Steel merging Europe steel operations

It will have around 48,000 workers and about 17 billion euros ($19.9 billion) in sales. "It's good news for steel and trailblazing for our future", Thyssenkrupp Steel Europe boss Andreas Goss was quoted as saying by the Westdeutsche Allgemeine Zeitung and Welt am Sonntag newspapers. Read More »

[H]ardOCP: Wanted: Hundreds of Entrepreneurs to Start Businesses Delivering Amazon Packages


The online retailer, wanting more control over how its packages are delivered, is rolling out a program Thursday that lets entrepreneurs around the country launch businesses that deliver Amazon packages. The business owners will be able to make as much as $300,000 a year in profit running a full-sized fleet of 40 vans and managing 100 employees, according to Amazon . Read More »

Crumpet crisis hits Britain as Warburtons shuts plants due to Carbon dioxide shortage


The baker has been forced to halt production of its crumpets, as the gas it relies on to keep the savoury snacks fresh is facing supply issues. Warburton's, which usually makes 10 million crumpets a week, is running at 50% capacity after closing two of its four plants because of a lack of Carbon dioxide which is used in the packaging process to help keep the products moist. Read More »

Enbridge shares jump on heels of Line 3 advancement


Enbridge Chief Executive Al Monaco said in a statement that he was pleased with the commission's decisions, and said the project's cost was materially unchanged. While the company maintains that the new pipeline is needed to replace the existing and aging Line 3, opponents argue the line contributes to climate change, violates indigenous rights and is ultimately unnecessary. Read More »

Saudi Arabia not confirming Trump's 2M barrels

The current production curb pact calls for participating countries to trim output by 1.8 million barrels a day. Trump tweeted: "Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference". Read More »

Iran: ‘Impossible’ to remove oil from market this year


Unplanned supply disruptions from Canada to Libya and Venezuela have added to those cuts. EThad first reported on June 15 that India was mulling seeking U.S. Goldman Sachs said the planned unilateral USA sanctions against Iran would likely have a "high level of efficiency". Indeed, Sunjay Sudhir , joint secretary for global cooperation at India's petroleum ministry, said on Wednesday that " India does not recognize unilateral sanctions, but only sanctions by the United Nations ". Read More »

Walgreens Boots Alliance, Inc. (WBA) Stock Showing Pleasant/Unpleasant Sentiment?


A bear divergence occurs when a stocks' price reaches a new high but the RSI doesn't achieve a matching high. Brent crude, used to price worldwide oils, rose 0.3 % to $77.85 a barrel in London. The core idea of technical analysis is that history tends to repeat itself. Moving averages (MA) are one of the most accepted and often-used technical indicators. Read More »

Adidas warns customers of potential data breach


Adidas has warned millions of US customers of a potential data breach. "We are alerting certain consumers who purchased on about a potential data security incident". The company first became aware of the issue on June 26, but did not disclose when the breach is believed to have occurred. The company said it would alert "relevant consumers" or people whose data might have been acquired by the hack. Read More »

TSA: Friday could be busiest day at airports nationwide in TSA's history


Traffic for the day could top 2.6 million passengers, making it "potentially one of the busiest in TSA history", TSA administrator David Pekoske told reporters on Wednesday. "There are a range of powders that could be used to irritate or harm aircraft passengers and aircrew if released during flight", said Lisa Farbstein, a TSA spokeswoman. Read More »

A final good-bye: Toys R Us closes its doors forever


Her photo of Geoffrey the Giraffe leaving got the most attention, receiving almost 300,000 shares on Facebook. The toy giant filed for bankruptcy in September 2017 and announced liquidation sales shortly after, CBS New York reports. Please sign Geoffrey the Giraffe to #WWENXT or the #WWE main roster. Geoffrey has acted as the chain's logo and "spokesanimal" for the past 70 years. Read More »

Oil jumps as market anticipates USA sanctions on Iran

US President Donald Trump says Saudi Arabia's King Salman has agreed to his request to increase oil output "maybe up to" two million barrels, as state media in Riyadh confirmed a phone call between the two leaders about oil but mentioned no specifics. Read More »

Saudi Arabia plans record crude oil production in July


The decision by OPEC and non-OPEC countries, participating in the oil output cut deal is a compromise between some countries which wanted to increase production, Francis Perrin, Senior Fellow at the OCP Policy Center (Rabat, Morocco) and Senior Research Fellow at the French Institute for worldwide and Strategic Affairs (IRIS, France), told Trend. Read More »

‘Pakistanis Swiss money down but above Indians


Jaitley slammed those who have cited the increased Swiss bank deposits to question if government's anti-black money steps have yielded results. SNB's official figures also do not include the money that Indians, NRIs or others might have in Swiss banks in the names of entities from different countries. Read More »

Coca-Cola production affected by Carbon dioxide shortage


The Tesco-owned retailer, which is used by bars, restaurants and traders, said the move was to preserve availability and satisfied the "vast majority of Booker customers". Mr Allen said: "The frustration is the lack of information". It detailed a combination of scheduled maintenance at plants across northern Europe and market forces undercutting production of ammonia, a key component of fertilizer. Read More »

Amazon wants to help you start your own delivery business


The retail giant has committed $1 million toward funding startup costs for military veterans, offering $10,000 reimbursements for qualified candidates to build their own businesses. This includes offering discounts on "Amazon-branded vehicles customized for delivery, branded uniforms, fuel, comprehensive insurance coverage, and more". Read More »

Boeing Unveils Hypersonic Concept Aircraft


It's the latest development of a vision that the company's CEO Dennis Muilenburg first shared with the world back in February. The hypersonic plane would fly nearly three times faster than the legendary Concorde - which was decommissioned in 2003 - and cruise at 95,000 feet, about 3,000 feet higher than its supersonic predecessor, according to Aviation Week . Read More »

BMW not considering moving production out of Britain over Brexit: executive


After the Airbus , BMW , the vehicle giant, has also issued a similar warning. "If we do, then we will clearly have to make investments to overcome some of it and that makes the industry less competitive", Robertson said. Falling production, job cuts and stalling investment have marred the start of 2018, however. Investment in the British motor industry has fallen by almost a half in a year, with uncertainty over Brexit being blamed. Read More »

Tesla’s Elon Musk in stink over farting unicorn


Mr Musk replied directly to Ms Prank, crediting the design to Nik Jovanovic , another Twitter user. But Prank responded that Tesla had been using her father's "creative property for a year without credit or compensation" and demanded to know if Musk thought 'artists deserve to be paid for their work'. Read More »

Exactis said to have exposed 340 million records, more than Equifax breach


On Wednesday, March 28, 2018, Equifax announced that Mark Begor will become its CEO as the credit reporting company continues to try to recover from fallout surrounding a massive data breach. A 2016 breach of AdultFriendFinder exposed the data of more than 412 million accounts, while Yahoo's 2013 hack exposed the personal data of about 3 billion accounts. Read More »

USA plans limits on Chinese investment in US technology firms


According to South China Morning Post , these include forced technology transfers, allegedly rampant intellectual property theft and a state-led capitalism that grants state-owned enterprises monopoly status. Trump threatened to impose a 20 percent tariff on Friday on all imports of EU-assembled cars, a month after his administration launched an investigation into whether auto imports posed a national security threat. Read More »

Ticketmaster hacked: How to check if your account has been compromised


Ticketmaster says less than five per cent of its worldwide customer base has been affected, but customers should monitor their bank account statements for evidence of fraud or identity theft. They are also offering a free 12-month identity monitoring service to anyone who has been impacted by the hack. Anyone who attempted to buy tickets between February and 23 June of this year, and worldwide customers who bought or tried to buy tickets between September 2017 and 23 June 2018 could ... Read More »

Instagram Lite arrives for Android with a size of 1 MB


In the meantime, we'll wait to see if the Instagram Lite APK turns up for download. Which makes the silent arrival of its Instagram Lite app on Google Play Store a bit puzzling. Facebook has been building a suite of lite apps for users and developing countries and those with poorly specced phones. Pictured is its logo in the Google Play App Store. Read More »

Rupee hits all-time closing low of 68.79 a dollar


Oil imports in 2017 surged to a record 4.37 million barrels past year, according to Reuters . At the interbank foreign exchange market, the rupee opened at 68.87 a dollar against 68.61 previously and sank to 69.10 in morning deals, falling 49 paise. Read More »