Finance

Iranian Foreign Ministry spokesman Abbas Mousavi has signaled Tehran's readiness to go ahead with its oil shipments to Venezuela if Caracas needs more such supplies. Iran's President Hassan Rouhani warned the USA that Tehran would retaliate if its tankers face troubles. The Refinitiv Eikon analytical company said on May 31 that the first two tankers have started their return journey.

Data from industry group API showed U.S. crude stocks rose by 8.7 million barrels in the week to 22 May, compared with analysts' expectations for a draw of 1.9 million barrels. "It has been four weeks of gains and the market needs to buy time for downstream prices to catch up", OCBC economist Howie Lee said. The market was buoyed by comments from Russian Federation reporting its oil output had almost dropped to its target of 8.5 million barrels per day (bpd) for May and June under its supply ...

National Guard troops were deployed over the weekend in 15 states and Washington, D.C.in an attempt to quell a sixth night of violence that began with peaceful protests over the death of a black man, George Floyd, in police custody. "China tensions seriously and you add on to that the massive amount of disruption going on in nearly every major city in the country right now, none of that could be seen as market positive".

The Philippines manufacturing purchasing managers' index (PMI) saw a softer decline in operating conditions in May, according to IHS Markit . Other provinces shifted to a more relaxed quarantine, which allowed more businesses to reopen. Capital Economics said in a research note the region's manufacturing sector is in deep recession. "As the economy eases itself out of the lockdown in June, manufacturing will likely recover with a lag since retail units would prefer to run down inventory until ...

Generally speaking, since only a small fraction of all the people who show COVID-19 symptoms are tested, the number of confirmed cases underestimates the actual number of infections. There have been 32 residents and 9 staff of long-term care homes diagnosed in the last 24 hours. Residents are reminded to wash their hands frequently and stay home unless it is not possible to do so.

China fired back at the United States' concerns with Hong Kong's freedom by pointing directly at the racial unrest that has exploded in America, simply tweeting, "I can't breathe". "The Chinese government has not shown any support for the riots in the US". "Now we will watch and see what the USA does next". Chinese companies listed on US stock exchanges are also in the administration's crosshairs, with an upcoming review into whether they should be subject to USA auditing and disclosure ...

The contract workers were responsible for choosing, editing and curating stories from news organisations, as well as select headlines, pictures or slides for the MSN site. Microsoft has been gradually moving towards AI for its Microsoft News work in recent months, and it has been encouraging publishers and journalists to make use of AI as well.

From 1 July, businesses will be given the flexibility to bring furloughed employees back part-time, deciding themselves both the hours and shift patterns they will work. "The furlough and self-employment schemes have been a lifeline for millions of people and businesses", said Sunak, who is leading the United Kingdom government's economic response to the coronavirus pandemic .

On Sunday morning, the spacecraft made a careful approach to the space station and then made a "soft capture" - meaning Crew Dragon made its first physical contact with its docking port at the International Space Station . They will join United States astronaut Chris Cassidy and Russian cosmonauts Anatoly Ivanishin and Ivan Vagner aboard the ISS. "We designed it to be two-fault tolerant, which means that any two things could fail, so I could lose a flight computer and a thruster and I ...

ET, the Dow Jones Industrial Average was up 11.87 points, or 0.05%, at 25,560.14, the S&P 500 was up 1.70 points, or 0.06%, at 3,037.83, and the Nasdaq Composite was up 2.77 points, or 0.03%, at 9,415.13. US stocks jumped and the S&P 500 crossed 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-US tensions.

Demand increases are coming as US production continues to plunge and report overnight that OPEC oil production has crashed by 6.3 million barrels per day (BPD) to 23.75 million BPD in May, according to JBC data. Total motor gasoline inventories decreased by 0.7 million barrels last week. "Over the past four weeks, motor gasoline product supplied averaged 7.0 million barrels a day, down by 25.7% from the same period a year ago".

According to the Government of Alberta , the province will be handing out approximately 20 million non-medical masks in total at the restaurants. "When we were asked by the Alberta government to help distribute masks through our drive-thrus we did not hesitate", said Mike Hancock, chief operating officer of Tim Hortons .

Mr Sunak said: "Then after eight months of this extraordinary intervention of the government stepping in to pay people's wages the scheme will close". Len McCluskey, leader of the Unite trade union, welcomed Friday's changes but called for more help for the hardest-hit sectors such as aviation and hospitality.

The cost is $50 per hour with mileage overage varying by city, and riders can book in hourly increments. Uber has announced it's giving users in selected U.S. If the rider goes over the city's limit, they'll have a per-mile rate added. The product will be available in Atlanta, Chicago, Dallas, Houston, Miami, Orlando, Tampa Bay, Philadelphia, Phoenix, Tacoma , Seattle and Washington, D.C.

Cisco did not comment on the acquisition value, but media reports peg the deal at $1 billion. In a bid to expand its portfolio of cloud-based software, Cisco has reportedly purchased ThousandEyes, the company whose unique technology is adopted by firms to monitor their network for outages.

The approval of the national security law sparked a new wave of anti-mainland protests in Hong Kong, with police firing pepper ball rounds, using water cannons and arresting hundreds of demonstrators. Number two, sanctioned senior Communist Party officials. "It is clear the repeated missteps by you and your organization in responding to the pandemic have been extremely costly for the world", Trump wrote in a letter to the WHO director-general on May 18.

The report suggested the subject expert committee which is looking into the matter asked the Mumbai-based company to submit details such as the chemistry manufacturing control (CMC) data. Final approvals are up to the European Commission, which generally endorses CHMP recommendations. The global push to develop coronavirus treatments and vaccines is speeding up as governments search for ways to ease lockdowns safely and resume financial activities to restart economies.

The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45 percent contraction from a year ago, Reuters said. Within the service sector, the output of trade, hotel, transport, communication and services moderated 3.6%, while the growth of financial, real estate and professional services also eased to 4.6%.

Trump also complained that US companies were being treated unfairly in China. "I am directing my administration to begin the process of eliminating policy exemptions that give Hong Kong different and special treatment", Trump said at the White House Rose Garden.

First the engine is allowed to heat up, then the heat and fan settings are set to high. The vehicle's instrument cluster will also indicate progress. The company manufactures numerous vehicles used by law enforcement in the U.S., such as the Crown Victoria Police Interceptor that became ubiquitous throughout the 90s and the first decade of the 2000s.

Both now ship with LED Matrix headlights as part of the default equipment, and you can opt for Laserlight high beams. It's been a busy week for BMW as the Munich-based automaker announced a series of updates to a number of cars, but the most prominent of those is the G30 5 Series .

With U.S. stores shuttered and many Americans stuck at home, U.S. consumer spending plunged by a record 13.6% in April. That was the biggest drop since the government started tracking the series in 1959, and eclipsed the previous all-time decrease of 6.9 per cent in March.

Apple confirmed the deal to Bloomberg with its usual response to inquiries about acquisitions, saying that it "buys smaller technology companies from time to time and we generally do not discuss our objective or plans". One of the professors involved, Christopher Ré, previously co-founded Lattice Data, which was acquired by Apple in 2017 for $200m. Inductiv was founded by machine-learning academics from a Stanford and other USA universities.

Businesses will be able to apply for the loans for 25 per cent of their turnover up to a maximum of £50,000 with the government paying the interest for the first 12 months. Federation of Small Businesses national chairman Mike Cherry said: 'This crucial new initiative should enable thousands of small businesses to access the working capital they need quickly, helping to protect the millions of jobs they provide in every part of the United Kingdom'.

With the second estimate, a downward revision to private inventory investment was partly offset by upward revisions to personal consumption expenditures and nonresidential fixed investment. Steel production declined by 83.9% in April 2020, while cement production declined by 86.0%. RBI Governor Shaktikanta Das had also said that GDP growth in Q1 of FY21 is estimated to remain in the negative territory.