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Trump supporters rally outside White House for 'Pittsburgh Not Paris' event

A day after President Donald Trump announced the United States' withdrawal from the Paris Agreement on climate change , EPA Administrator Scott Pruitt again added his name to a long list of administration officials who refuse to say whether the President believes the science behind climate change, dodging the question Friday.

Business

Arab League nations v Qatar: How it all started

Air travel across the Gulf region and beyond faces major disruption following the move by Saudi Arabia, Egypt, the United Arab Emirates ( UAE ) and Bahrain to sever ties with Qatar , accusing the tiny oil rich state of supporting terrorism.

Business

Qatar asks citizens to leave UAE within 14 days

Budget carriers flydubai and Air Arabia , which flies out of Sharjah, have also said that flights to Qatar would be suspended from Tuesday. Qatar's government has been borrowing at home and overseas to help finance some $200 billion of infrastructure spending as it prepares to host the World Cup soccer tournament in 2022.

Business

Turkey calls for dialogue over Qatar rift with Arab states

With a production capacity of about 600,000 barrels per day (bpd), Qatar's crude oil output, one of OPEC's smallest, is dwarfed by the near 10 million bpd churned out by the cartels de-facto leader, Saudi Arabia. Chairman of the Iranian Parliament's National Security and Foreign Policy Committee Alaeddin Boroujerdi said Monday that the first impact of the US President Donald Trump's recent visit to Saudi Arabia was escalation of tension among regional countries.

Business

Palmer Luckey Has an Idea to Make America Great Again

It is proposed as an alternative to full-scale border walls, such as the one President Trump has pledged to build between the USA and Mexico, due to potentially vast cost savings. Eventually, he wants to explore new applications of other technologies including drones, Mr. Luckey has told people. In September, Luckey's political views came into the spotlight after it was revealed that he secretly donated $10,000 to Nimble America , a pro-Trump non-profit that churned out racist, far-right ...

Business

Who will suffer the most from US climate exit?

In the wake of Trump's exit, China , the European Union and other countries around the world have reaffirmed their commitment to the accord, leaving the USA on a diplomatic island with only Syrian President Bashar al-Assad and Nicaraguan President Daniel Ortega (and to be fair to Ortega, his country didn't join because the accords weren't strong enough).

Business

Theresa May, pound both take a pounding

A YouGov constituency-by-constituency survey commissioned by the Times indicates the Tories could lose 20 of the 330 seats they hold, and Jeremy Corbyn's Labour gain almost 30 MPs. Labour can win next Thursday. The result would leave the party 16 seats short of a working majority, effectively a "hung parliament". However, it has a very wide margin of error, saying the Conservatives could get anywhere between 274 and 345 seats meaning they could also increase their majority.

Business

Qatar says it faces campaign of lies, denies interfering

The Sunni-ruled Arab nations are unhappy with Qatar's ties to Shiite-ruled Iran. The United States uses bases in several of the countries to launch air operations against the Islamic State extremist group, and has its headquarters for the air war at Al Udeid Air Base in Qatar .

Business

UAE's Emirates, Etihad to suspend flights to Qatar

Announcing the closure of transport ties with Qatar, the three Gulf states gave Qatari visitors and residents two weeks to leave. US Secretary of State Rex Tillerson, speaking on the sidelines of a bilateral meeting with Australian officials in Sydney that was also attended by Defence Secretary James Mattis, appeared to express implicit support for the Saudi-UAE-led move.

Business

Putin plays down ties with President Trump's ex-adviser Flynn

Where would we get this information from? And do it all the time? "And now it seems that not only may that happen, but we're not really expecting much in return", Oliver said . He accused the USA media of sensationalizing information and using it as a "weapon of war" against Trump . At one point Putin openly mocked Kelly's line of questioning, saying "you people are so creative over there".

Business

Qatar denounces 'unjustified' cut of Gulf ties

Qatar Airways , the country's flag carrier, didn't respond to requests seeking comment. The three Gulf countries announced they closed their borders to Qatar and gave Qatari residents and visitors two weeks to leave their states. Qatar also hosts members of Hamas's exiled leadership and maintains ties with Iran. Gulf Arab states and Egypt have already long resented Qatar's support for Islamists, especially the Muslim Brotherhood which they regard as a unsafe political enemy.

Business

Trump drags oil prices below $50

Benchmark Brent crude futures were off by almost 3% at $49.14 per barrel (bbl) at 5:34 a.m. CT (10:34 GMT), down $1.49 from the previous close. Yet, even in the EIA data, we have seen USA crude supply fall for seven consecutive weeks and during the same time, during five weeks we saw USA oil inventories fall by nearly 16 million barrels.

Business

ISIS claims responsibility for London attack that killed 7

It was the third attack in Britain this year that Islamic State has claimed - after a similar attack on Westminister Bridge in March and the Manchester concert bombing two weeks ago - and one of several involving vehicles in Europe, including last year's Bastille Day rampage in the French city of Nice.

Business

Southern rocker Gregg Allman laid to rest near Highway 41

Gregg's children Devon, Layla and Delilah Island , his niece (and Duane's daughter) Galadrielle, his lifelong friend Chank Middleton and his manager Michael Lehmen delivered eulogies at the service. "He's somebody who has been in my life first as an artist and later as a real person since I was about 8 years old, and so it's shocking to think of the world without him", said Paul, 50, who interviewed Allman many times for the book.

Business

Five countries cut links with Qatar

Kuwait and Oman are the only members of the Gulf Cooperation Council that have not joined the boycott. These were more severe measures than during a previous eight-month rift in 2014, when Saudi Arabia , Bahrain and the UAE withdrew their ambassadors from Doha .

Business

NDTV shares tank almost 7% in intra-day after CBI searches

However, the English and Hindu news channel slammed the accusations as "attempts to blatantly undermine democracy and free speech in India ". Sudheendra Kulkarni, Chairman of the Observer Research Foundation who has been associated with the BJP, said: "Raids on Prannoy Roy has less to do with financial wrongdoing, more with the "wrong" of NDTV being an independent media voice".

Business

Indian equities close flat, indices at new highs

Finally, the gauge ended higher by 36.20 points, or 0.12 per cent, to close at new peak of 31,309.49, surpassing its previous record closing of 31,273.29, reached on June 2. "However, global cues were mixed". The market is in wait-and-watch mode. Sector-wise, the S&P consumer durables index surged by 909.66 points, the capital goods index rose by 141.59 points, and the banking index was up by 93.92 points.

Business

Ford appoints Jim Hackett as its new CEO

Ford CEO Mark Fields has been forced out of the company as part of a significant management shakeup to improve the company's overall strategy according to a new report. Mark Truby will be new vice president of communications, and company officer, succeeding Ray Day, who plans to retire next year. "Mark had a tremendous career at Ford and did great things", Bill Ford said .

Business

Sun Life Financial (SLF) Getting Favorable Media Coverage, AlphaOne Reports

Barclays PLC's price target suggests a potential upside of 17.43% from the stock's current price. The stock has a market cap of $20.14 billion, a price-to-earnings ratio of 11.04 and a beta of 1.14. This represents a $1.74 annualized dividend and a dividend yield of 3.93%. It also reduced its holding in Fifth Third Bancorp (NASDAQ:FITB) by 190,186 shares in the quarter, leaving it with 452,871 shares, and cut its stake in Frontier Communications Corp (NASDAQ:FTR).

Business

Oil steady ahead of Opec meeting

News of the nine-month extension starting emerging when Khalid Al-Falih, Saudi Arabia's energy and industry oil minister told CNBC , "Nine months with the same level of production that our member countries have been producing at is a very safe and nearly certain option to do the trick".

Business

Bahrain cuts diplomatic ties to Qatar as Gulf rift deepens

The country "has no such plans", the spokesman, Nafees Zakaria, said, following Monday's surprise severing of ties with Qatar by Islamabad's key ally, Saudi Arabia , and three other Middle East nations. The UAE has also accused Qatar of "supporting, funding and embracing terrorism, extremism and sectarian organisations", according to state news agency WAM.

Business

Traders keep bets on June rate hike after jobs report

The government revised its March and April job totals downward by a total of 66,000. Since February, the first jobs report under President Trump, the US has gained 594,000 jobs. At the time, it was the second straight month of disappointing numbers and fears rose that the USA job market was cooling off. USA job growth was lackluster in May.

Business

Free WannaCry Ransomware Decryption Tool Released

Note: This fix only works for Windows XP users, it won't work if you're using a different version of Windows . Computers with Microsoft ( MSFT ) operating systems that had not been updated with a particular patch were more prone to the ransomware attack, which encrypted most of the files on infected computers.

Business

4 nations cut diplomatic ties to Qatar as Gulf rift deepens

This new severing of ties is a much bigger deal that previous ones, however, with Saudi Arabia announcing that they are closing all Qatar's border crossings, and all three nations barring air and sea travel to and from Qatar. Qatar has always been accused of being associated with Islamist groups in the region and sponsoring terrorism. US officials did not immediately comment on the development.

Business

Trump Aides Defend His Decision to Exit Paris Climate Accord

Secretary of State Rex Tillerson said the USA had a "terrific record on reducing our own greenhouse gas emissions". Commission President Jean-Claude Juncker told a business conference on Friday that China and the European Union recognised the need for worldwide solutions and this was nowhere more important than full implementation of the Paris agreement.

Business

BA pressured into changing website wording after disruption claims tussle

British Airways' disastrous computer outage that knocked out its IT systems and left 75,000 passengers stranded over the bank holiday weekend was the result of a contractor who inadvertently switched off the power supply. "EU flight compensation regulations set out that airline operators should provide compensation to passengers that suffer long delays or cancellations".

Business

Trump slams London mayor over response to terror attacks

Volunteer your time and labour or donate to a homeless shelter. The U.K. Prime Minister Theresa May lashed out Sunday at internet companies, calling for worldwide regulations to rein in terrorist planning and recruitment after Saturday's attack in London , which left at least seven dead.

Business

London Bridge terror attack: Donald Trump vows to take fight to ISIS

A witness describes seeing armed police raiding a flat in East Ham following the terror attacks in central London . A 38-year-old woman was arrested at an address in Barking, London , and all the other arrests were conducted at another property also in Barking.

Business

Ariana, others perform in Manchester as tribute to attack victims

Mr Burnham thanked Ariana Grande and the other acts performing in the concert, being held to raise funds to support grieving families and victims of the Manchester Arena attack. Grande broke down in tears as she ended the show with a cover of "Somewhere Over The Rainbow". "As unfortunately we saw yesterday, evil will test us, it will show its face again".

Business

Services PMI accelerates in May as new business picks up

The Caixin/Markit services purchasing managers' index ( PMI ) rose to 52.8 in May from April's 51.5, breaking a four-month decline and marking the highest reading since January. Sentiment among service providers picked up to the highest in 26 months. "Moreover, business confidence fell as a reflection of firms' concerns regarding competitive pressures and lacklustre demand", Lima said.

Business

Oil price falls despite deal to extend output cut

Prior to the meeting, traders had bid up the price of oil, factoring in the possibility of additional steeper production cuts into the price of oil. Oil price suffered more than 3 percent selloff after the OPEC and participating N-OPEC countries announced the agreement to an extension for nine months until March 2018.

Business

US Will Continue to Reduce Greenhouse Emissions, Says Rex Tillerson

California stands poised to fill the U.S. leadership vacuum in the battle against climate change , analysts say, as the state's governor Jerry Brown headed to China on Friday for a high-profile visit largely centered on environmental issues.

Business

Oil price rises on tightening supplies, Middle East tensions

U.S. West Texas Intermediate crude CLc1 futures dropped 72 cents, or 1.49 percent, to $47.64 per barrel. That target has become hard to hold in recent months with several selloffs causing sharp retreats since early March. "Supply-side concern is still very strong", said Vivek Dhar, commodities strategist at Commonwealth Bank of Australia. Oil futures rose on Thursday from a three-week low touched the previous session, buoyed by expectations the United States could pull out of a global ...

Business

BA travelers face third day of delays and cancellations

British Airways, which is part of the broader International Airlines Group, canceled all flights from Heathrow and Gatwick on Saturday after the company suffered a colossal IT failure. The GMB trade union had said the disruption "could have all been avoided" if BA had not cut hundreds of IT jobs in Britain and transferred the work to India.

Business

Apple WWDC 2017 On 5th June: Things Apple May Announce

It's time, Apple fans. On day 1 of WWDC, Apple CEO Tim Cook will kick off the event with his keynote speech. For those with an Apple TV fourth generation, the event can also be streamed live. The company usually announces software updates at this keynote event each year. According to Reddit user Cyanhat, the upcoming iOS 11 could have elements of the Workflow app built into it.


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