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Global shares rise, oil prices jump on OPEC news

While OPEC's largest producer, Saudi Arabia , is seen to be open to higher production, Iran has been hesitant because of its trouble to increase output and t...

Ferrari 250 GTO could become world’s most expensive auto

Only 36 were made between 1962 and 1964, and if you wanted to spend $US18,000 on a brand new one at the time, Enzo Ferrari himself had to approve of you as the ...

OPEC strikes deal to boost oil production

But many members cut even deeper, and political events around the world-turmoil in Venezuela and the end of the USA nuclear deal with Iran-took additional vol...

Chevrolet Blazer rebooted as crossover SUV

Chevy has unveiled the 2019 Blazer, which has reborn as a new midsize crossover in Chevy's lineup, that slots it directly between the Equinox and Traverse . B...

Saudi Arabia upgraded to MSCI Emerging Markets, to join China, India others

Saudi Arabia should focus on reaping the economic benefits from the reforms being undertaken now. MSCI provides almost 100,000 daily indexes of stocks, bonds...

Uber Wants Drivers With Electric Cars, But Incentives Not Significant

The pilot programme will take place in seven cities across the North America, according to The Verge - Austin, Los Angeles, Montreal, Sacramento, San Diego, S...

Italy and Germany clash as migration rows split EU

Italy 's hard-line interior minister has refused port to a Dutch-flagged rescue boat with 224 migrants on board, a week after turning away another foreign ship,...

Supreme Court Ruling Opens Door to Online Sales Tax

That was before the surge of online sales, and states have been seeking since then to find constitutional ways to collect tax revenue from remote sellers into t...

OPEC Okays Modest Rise In Oil Supply From July After Iran Cooperates

Brent crude was up 50 cents at 75.58 dollars a barrel by 1335 GMT. "While we are not in favour of prices as low as $30 per barrel, we also do not support the ...

Oil prices dip on expectations of rising OPEC, Russian supplies

So, they don't want the other countries to increase the output. In the wake of Friday's latest barrage of U.S. sanctions on China, the biggest customer for U...

Musk emails alleged Tesla saboteur, 'You're a frightful human being'

But Tripp , who says he became a whistleblower after seeing what he called risky conditions in the company's auto batteries, told The Washington Post he had ...

Device That Fools Tesla's Autopilot Is in Government's Crosshairs

It's that which Autopilot Buddy - made by a United States company with no connection to Tesla - takes issue with. Autopilot Buddy's website says the $199 devi...

Government reassures European Union citizens over right to remain

In what the company called an "orderly" Brexit scenario with an agreement and transition period, the aerospace giant warned the current transition endpoint of...

European Union counter-tariffs against USA come into effect on Friday - commission

A trade war is brewing between the world superpowers, U.S. and China and this could have dire economic consequences, not just for the two countries but globally...

Morrison rejects latest demand to split tax bill

Stage two would see the top threshold of the 32.5 per cent tax bracket moved from $87,000 to $90,000. "If the Labor party is asked to vote yes or no on the to...

Bank Of Maharashtra CMD arrested in Rs 3000 cr fake loans case

Economic offence wing ( EOW ) of Pune police today arrested chairman and managing director (CMD) of Bank of Maharashtra and five others including past chair...

United Kingdom unveils post-Brexit settlement scheme for European Union citizens

The company says it has 14,000 employees in Britain and supports another 110,000 jobs through its supply chain in the country. European Union citizens with se...

Above $74: Brent oil rises by $1 ahead of OPEC decision

Oil prices fell 2% after the Saudi minister spoke, before recovering slightly. The only route to a production boost that Iran has publicly suggested - allowi...

New White House Report, Authored by Trade Hawk, Blasts Chinese 'Economic Aggression'

The release of the paper comes a day after President Donald Trump touched off a new phase of market turmoil by threatening expanded tariffs on Chinese imports...

In Tit-For-Tat, India Hikes Import Duties On US Agri Products

It came a day after the European Union said it would begin charging 25 percent import duties on a range of us products on Friday, in response to the new USA...

Bank of England holds interest rates at 0.5%

Interest rates had been widely expected to rise in May throughout most of spring, however, a deterioration in economic data, bigger-than-expected-fall in inflat...

Trump threatens 10% tariff on $200bn of Chinese goods

In Europe, Germany's Dax index and France's Cac 40 were both about 1.5% lower in afternoon trading. Mr Trump said that if China responds to this fresh rou...

Volvo S60 to start at $36,795, subscription details revealed

It's bang up to date, and will definitely appeal against the myriad of identical-looking BMW 3-series', Merc C-classes and Audi A4s on the road. Like the...

Intel CEO resigns after "consensual relationship" with employee

Mr Krzanich, who has been credited with transforming Intel from a purely hardware-focused company into a multi-faceted computing organisation, had been marrie...

GE booted from the blue-chip Dow Jones index

GE, which was the world's most valuable public company less than 20 years ago, now ranked as the sixth smallest member of the Dow by market value and carried th...

Hundreds of Toys 'R' Us employees to lose their jobs

The closures will follow the collapse of the Toys R Us brand in the United States and in the UK. The collapse of the Australian stores follows the failure of ...

India Urges OPEC Nations To "Fill Supply Gap", Ensure Sustainable Prices

Additionally, in a sign of strong demand, USA refineries processed a seasonal record of 17.7 million barrels per day (bpd) of crude oil last week, according to ...