Iran says Saudi plan to boost oil output ridicules OPECIran criticised Saudi Arabia's plan to raise oil output and pressure from the United States on Riyadh do so, saying this was in breach of OPEC's decision last week and belittled the producer group. OP...
Trump softens trade stance toward China and raises optimismPresident Donald Trump de-escalated a confrontation with China on Wednesday, dropping plans to impose strict limits on Chinese investment in US technology companies and instead urging Congress to stre...
Automakers warn US tariffs will cost hundreds of thousands of jobs, hike pricesTwo major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike pr...
US oil prices steady ahead of sanctions on IranOil prices steadied on Thursday, with US crude near a 3-1/2-year high, but supply remained tight with investors concerned by the prospect of a big fall in crude exports from Iran due to US sanctions....
Panasonic flags battery cell shortages as Tesla Model 3 output picks upA pickup in production of Tesla Inc's Model 3 cars, after earlier delays, has resulted in occasional battery cell shortages, a Panasonic Corp official said on Thursday in a sign Tesla is in overdrive...
From Barcelona to Seattle, 7 historic markets form allianceSeven historic food and drink markets are creating an alliance to promote the sale of local produce. London's Borough Market said Thursday it will partner with La Boqueria in Barcelona, Markthalle Neu...
BoE tells banks and insurers to be wary of crypto assetsBanks and insurers should be wary of crypto-assets as they can be highly-volatile and vulnerable to fraud, the Bank of England said on Thursday. Sam Woods, BoE Deputy Governor responsible for financia...
China’s BYD launches world’s biggest battery factoryChinese electric carmaker BYD Co Ltd has opened a new lithium battery plant in the northwestern province of Qinghai, which will be the world's biggest when construction is fully completed next year, i...