DUBAI (REUTERS) – Opec+ ministers called off oil output talks on Monday (July 5) after clashing last week when the United Arab Emirates rejected a proposed eight-month extension to output curbs, meaning no deal to boost production has been agreed. Saudi energy minister Prince Abdulaziz bin Salman had called for “compromise and rationality” to secure […]
LONDON (REUTERS) – Saudi Arabia’s energy minister said on Sunday (July 4) that an Opec+ global oil supply pact due to end in April 2022 should continue for longer, Saudi-owned Asharq television reported. Prince Abdulaziz bin Salman’s remarks came after the United Arab Emirates suggested deferring a decision by the group on extending the deal. […]
LONDON/TOKYO (Reuters) – World stocks clung close to record highs on Monday as worries about the Delta variant of COVID-19 offset positive sentiment from surging euro zone business activity and a welcome U.S. jobs report.FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File […]
Bosses at the UK’s biggest retailers want the prime minister to help stop the “shocking violence and abuse” of shop workers. Executives at Tesco, Sainsbury’s and Primark are reportedly among those to have written to Boris Johnson asking for an amendment to policing laws. Violence against shop workers has bee increasing in recent years, retailers […]
The world’s leading economies have signed up to a plan to force multinational companies to pay a global minimum corporate tax rate of at least 15 per cent following intense negotiations in Paris at the OECD. The historic agreement among 130 countries will ensure the largest companies, including Big Tech, pay at least US$100b a […]
(BLOOMBERG) – It is literally music to the bosses’ ears. Canadian investment giant Brookfield Asset Management is bucking the hybrid work trend by introducing a slew of creative measures, including putting a grand piano in the office lobby for executives to have a go at it. In the Asia-Pacific headquarters of the world’s second biggest […]
More than 160 flights have been delayed and 20 flights canceled at Denver International Airport on Saturday morning, with possible severe thunderstorms looming in the afternoon and evening weather forecast. The July Fourth weekend is an extremely busy travel period and the airport expects about 2.5 million travelers to pass through by Tuesday. Of the […]
Payrolls surged and wages climbed, both positives for President Biden and the Federal Reserve. But stagnant labor market participation highlights a key risk. By Jeanna Smialek and Jim Tankersley Employers are hiring and wages are rising but the number of people actively working or looking for jobs remains stagnant, a phenomenon that is making it […]
NEW YORK (Reuters) -The dollar dropped from three-month high earlier on Friday, weighed down by what analysts viewed as a mixed U.S. nonfarm payrolls report for June, that showed a strong headline number but with some weak components.FILE PHOTO: A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File […]
SINGAPORE – Park Hotel Management is embroiled in a dispute with landlord Ascendas Hospitality Reit over $5.92 million of debt owed in relation to Park Hotel Clark Quay. Park Hotel Clarke Quay is one of six hotels in Singapore managed by Park Hotel Group. Please subscribe or log in to continue reading the full article. […]