Indonesia shuts down Bali airport as Agung volcano erupts

The airport reopened at 2:30 p.m. and all contingency plans to resume flights have been prepared and implemented according to procedure. Apparently, the volcano erupted and sent an ash column of 2,500 metres into the air and reddish flames were spo... More..

by | Published 20 days ago
The UK Is Rationing Beer Because of a CO2 Shortage
by | Friday, June 29, 2018

The UK Is Rationing Beer Because of a CO2 Shortage

Booker has capped sales to bars, restaurants and pubs at 10 cases of beer and five cases of cider and soft drinks. Heineken and Coca-Cola Great Britain are among drinks companies hit - the latter temporaril...More..

Pompeo: Protesters in Iran fed up with country's leadership
by | Friday, June 29, 2018

Pompeo: Protesters in Iran fed up with country's leadership

The Donald Trump administration has been pushing allies to stop oil imports from Iran by November 4, the senior US State Department official told reporters on Tuesday. "We view this as one of our top nati...More..

Trump’s Tariffs Could Prove Disastrous For European Niche Models
by | Friday, June 29, 2018

Trump’s Tariffs Could Prove Disastrous For European Niche Models

The European Union has introduced tariffs on €2.8 billion worth of United States goods. Shares of Volkswagen, Daimler and BMW fell in Frankfurt, and United States auto companies retreated after earlier gain...More..

'People's Vote' Marchers Demand Final Say On Brexit
by | Thursday, June 28, 2018

'People's Vote' Marchers Demand Final Say On Brexit

Trade groups have previously warned that information about deals are necessary for businesses to help prepare for the future, but Airbus is one of the first major companies to speak out publicly regarding the...More..

'Large number' of demonstrators arrested after mass protests close Iran's Grand Bazaar
by | Wednesday, June 27, 2018

'Large number' of demonstrators arrested after mass protests close Iran's Grand Bazaar

Iran is banning imports of over 1,300 products, preparing its economy to resist threatened United States sanctions, amid rare public protests against the plunge of its currency to record lows. Protesters there...More..

Harley shifting production overseas to address European Union tariffs
by | Wednesday, June 27, 2018

Harley shifting production overseas to address European Union tariffs

The company sold almost 40,000 motorcycles in the Europe Union past year, with sales second only to those in the U.S. I'll leave it to others to decide if Harley-Davidson is playing politics, using the politi...More..

Hurt By Tariffs, Harley-Davidson Shifts Some Production Overseas
by | Tuesday, June 26, 2018

Hurt By Tariffs, Harley-Davidson Shifts Some Production Overseas

Harley-Davidson maintains a strong commitment to US -based manufacturing which is valued by riders globally. Ramping up output in worldwide plants for the European Union may take at least nine to 18 months,...More..

Erdogan expects Turkey’s development level to reach the levels of Russia, US
by | Tuesday, June 26, 2018

Erdogan expects Turkey’s development level to reach the levels of Russia, US

Erdogan and his ruling party are the seen as the front runners in the dual polls but for the first time in his 15-year-rule, the Turkish leader is facing a united and more energized opposition. AK Party support...More..

Turkey under new presidential system post
by | Tuesday, June 26, 2018

Turkey under new presidential system post

Recep Tayyip Erdogan on Sunday declared victory in Turkey's presidential election after unofficial results showed that he had won 52.6 percent of the vote. Meanwhile, CHP's Ince, Erdogan's main rival in the...More..

German Chancellor Angela Merkel says European Union summit won't solve migration issue
by | Monday, June 25, 2018

German Chancellor Angela Merkel says European Union summit won't solve migration issue

It's also unclear how much the effort would cost, but the EU-Turkey deal has so far cost more than 3 billion euros ($3.5 billion). European leaders met today in Brussels to discuss the contentious issue of mi...More..

Amazon employees demand Bezos stops selling facial recognition software to United States police
by | Monday, June 25, 2018

Amazon employees demand Bezos stops selling facial recognition software to United States police

Amazon workers called on the firm's CEO Jeff Bezos to stop selling powerful face recognition tech to USA law enforcement and cease providing infrastructure to government-linked software giant Palantir, and s...More..

Bardstown Bourbon Storage Facility Collapses
by | Monday, June 25, 2018

Bardstown Bourbon Storage Facility Collapses

No one was injured in the collapse. What about 9,000 barrels of bourbon on the ground? 'We are assessing how numerous impacted barrels can be recovered, ' Louisiana-based spirits company Sazerac spokeswoman...More..

Saudis pledge decisive oil supply boost to comfort consumers
by | Sunday, June 24, 2018

Saudis pledge decisive oil supply boost to comfort consumers

The OPEC+ agreement, which unites 24 countries, has been in effect since the beginning of 2017. Analysts estimate that when the additional production from non-OPEC oil producers such as Russian Federation is ...More..

Opec To Set Tone For Oil Price Course Today
by | Saturday, June 23, 2018

Opec To Set Tone For Oil Price Course Today

Iran will struggle to increase production, meaning it could lose market share and revenue to its rivals. Saudi Energy Minister Khalid Al Falih , asked whether he expected an easy meeting on Friday, said: "...More..

Bithumb loses $30 million in cryptos to thieves, alerts against entering passwords!
by | Saturday, June 23, 2018

Bithumb loses $30 million in cryptos to thieves, alerts against entering passwords!

Before the hack, bitcoin was trading at $6,750 on Binance, the world's largest crypto exchange. Right now we have already saw a small dip as the price currently sits around $6,600 as the announcement about th...More..

U.S. Oil Prices Slip a Bit Before OPEC Meeting
by | Friday, June 22, 2018

U.S. Oil Prices Slip a Bit Before OPEC Meeting

More important to Saudi Arabia than extra petrodollars is containing Iran , its arch-nemesis. US benchmark oil prices were slightly lower Thursday while oil prices in Europe and Asia were down sharply, a...More..

China accuses Trump of 'blackmail' after new tariffs threat
by | Friday, June 22, 2018

China accuses Trump of 'blackmail' after new tariffs threat

Given the imbalance in American and Chinese trade, Beijing has a more limited set of options for adding to its list of tariffs. On Friday, Trump said he was pushing ahead with a 25 percent tariff on $50 bil...More..

Google makes $550M strategic investment in Chinese e-commerce firm JD.com
by | Tuesday, June 19, 2018

Google makes $550M strategic investment in Chinese e-commerce firm JD.com

The goal here is to merge JD.com's experience and technology in supply chain and logistics - in China , it has opened warehouses that use robots rather than workers - with Google's customer reach, data and ...More..

Audi CEO Rupert Stadler arrested over Dieselgate
by | Tuesday, June 19, 2018

Audi CEO Rupert Stadler arrested over Dieselgate

The emissions scandal dates back to September 2015 when VW admitted using illegal software to cheat United States emissions tests on diesel engines. Stadler has held onto his post mainly thanks to the backing...More..