• Truck drivers protest rising fuel prices in Brazil

    Truck drivers protest rising fuel prices in Brazil

    Markets

    Negotiators for several trucker groups agreed late on Thursday to suspend their blockages for 15 days after the government vowed to subsidize and stabilize diesel prices, which may cost 5 billion reais ($1.4 billion) this year. Lopes said the protests would continue until the PIS/Cofins reduction, which impacts fuel prices more significantly than the CIDE, is officially published.
  • No end in sight as fuel price surges for 13th day

    No end in sight as fuel price surges for 13th day

    Markets

    The petrol prices touched a new record in Mumbai and Chennai and rose to Rs 85.93 and Rs 81.11 per litre respectively, up from Rs 85.78 and Rs 80.95 per litre on Saturday. From plunging to $26 in February 2016 before climbing back to around $78 per barrel on Tuesday, oil prices have defined volatility. The Petroleum Minister said he would not question states who need to generate revenue for welfare programmes, but when the Centre reduced excise duty in last October, some states like Odisha ...
  • OPEC oil production cuts are history! Prices crash on Friday

    OPEC oil production cuts are history! Prices crash on Friday

    Markets

    The comments, made at a meeting between senior OPEC officials and Russian Federation my end up being hot air, but we won't know until a meeting between the groups on June 22 which will vote on cutting the global daily output cap from 1.8 million barrels to perhaps a million barrels or less.
  • U.S. reaches agreement to lift ZTE ban with conditions

    U.S. reaches agreement to lift ZTE ban with conditions

    Markets

    If ZTE agrees to the deal, the Commerce Department would roll back restrictions it imposed in April that prohibited USA companies from selling parts to the Chinese firm. Ivanka Trump is expanding her business enterprise, as she has gained approval from Chinese authorities for a minimum of 5 new trademarks, raising concerns about a potential conflict of interests.
  • Russian Federation accused of planning Kyiv cyber attack

    Russian Federation accused of planning Kyiv cyber attack

    Markets

    Cisco and Symantec both steered clear of attributing the VPNFilter malware to any particular actor, but an Federal Bureau of Investigation affidavit explicitly attributed it to Fancy Bear, the same group that hacked into the Democratic National Committee in 2016 and has been linked to a long series of digital intrusions stretching back more than a decade.
  • Service dog gives birth to puppies at Tampa airport

    Service dog gives birth to puppies at Tampa airport

    Markets

    Tampa Fire and Rescue was called to the airport and helped deliver the puppies. They missed the flight, and for the next three hours created a fuzzy spectacle as crowds gathered with phones trying to capture the scene. The dog and her owner were on the way to Philadelphia, but the puppies had other ideas. The women said that they knew "Ellie" the yellow Lab was pregnant, but they were not aware of how close she apparently was to giving birth.
  • United States safety body outlines events of accident involving Uber autonomous test vehicle

    Markets

    According to the report , the Uber sensors determined that 1.3 seconds before the crash that an emergency maneuver would be necessary. The vehicle detected the woman walking in front of it as quickly as 6 seconds prior to the crash. The NTSB said that all other aspects of the SUV's self-driving system were running normally at the time, and there were no faults or diagnostic trouble messages.
  • Tesla reaches settlement in class-action Autopilot case

    Tesla reaches settlement in class-action Autopilot case

    Markets

    The Tesla owners said they paid an extra $5,000 to have their cars equipped with the Autopilot software with additional safety features such as automated emergency braking and side collision warning. Data from the Model S show it picked up speed for 3.5 seconds before crashing into the firetruck in suburban Salt Lake City, the report said. 'What's actually wonderful about this accident is that a Model S hit a fire truck at 60 miles per hour and the driver only broke an ankle, ' Musk tweeted.
  • Trump teases that summit with Kim may be back on

    Trump teases that summit with Kim may be back on

    Markets

    President Donald Trump indicated on Friday that the proposed summit with North Korean leader Kim Jong Un may still happen in Singapore next month. Dozens of global journalists left North Korea on Saturday after observing the demolition of the underground tunnels in Punggye-ri, where all of the North's six nuclear tests were conducted including its latest and largest in September.
  • Fiat Chrysler recalls 4.8 million United States cars

    Fiat Chrysler recalls 4.8 million United States cars

    Markets

    Bill Bertrand, general manager at Morrie's Chippewa Valley Mazda, says it's important to pay attention to any warnings or correspondence regarding a vehicle recall. The only way to stop at that point would be to brake to a full stop. We urge customers to follow the instructions on their recall notices'. The fix will, unsurprisingly, be installed free of charge, and the automaker will begin alerting those customers affected from next week.
  • To reduce fuel price, government looks at ONGC to share the burden

    To reduce fuel price, government looks at ONGC to share the burden

    Markets

    The reason behind the increasing fuel prices is the increase of the price of crude oil in the global market and the weakening of INR against Dollars. There seems to be no respite from the boiling fuel prices in the country. 47.18 per litre while the current charge is Rs. 37.19. According to Moody's Investors Service, ONGC and OIL could be asked to bear a part of government's fuel subsidy for oil, if prices stay above $60 per barrel for the fiscal year ending March 2019.
  • What Does GDPR Mean? When Does It Start? New Privacy Laws Explained

    What Does GDPR Mean? When Does It Start? New Privacy Laws Explained

    Markets

    Part of the GDPR statutes state that users should be able to opt-in or opt-out of specific policies when it comes to privacy and data collection, not either accept everything or be barred from using the product. The new data privacy law has some Europeans scratching their heads over what to do. When asked if USA users would have the same rights Europeans have to object to the use of data, Zuckerberg said , "I'm not sure how we're going to implement that yet".
  • Oil Prices Fall As Saudis See Likely Supply Boost

    Oil Prices Fall As Saudis See Likely Supply Boost

    Markets

    A surprise build up in crude oil inventories in the United States also weighed on prices, driving the spread between Brent crude and U.S. West Texas Intermediate ( WTI ) close to its widest in three years. Domestic production edged up to 10.725 million barrels per day from 10.723 million bpd in the prior week, EIA said. Earlier this month oil prices skyrocketed, surpassing US$80 a barrel for the first time since 2014, after the United States withdrew from the Iran nuclear deal.