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Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production, despite a huge oversupply in world markets.
Asked whether the oil producer group had decided not to reduce production, Saudi Arabian Oil Minister Ali al-Naimi told reporters: "That is right."
Oil prices have fallen by more than a third since June as increasing production in North America from shale oil has overwhelmed demand at a time of sluggish global economic growth.
Ministers from the Organization of the Petroleum Exporting Countries had been discussing whether to agree a production cut at their meeting in Vienna.
Benchmark Brent futures were down by $2.96 a barrel at $74.79 by 1520 GMT, after hitting a low of $74.36, their lowest since August 2010.
U.S. crude was at $71.07, down $2.62.
"Oil prices are now completely in the hands of the market," Dominic Chirichella, director of New York-based Energy Management Institute, told Reuters Global Oil Forum.
Kuwaiti Oil Minister Ali Saleh al-Omair said there would be "no change" to OPEC's existing oil production target following the meeting.
The cartel will meet again in June next year, said an OPEC delegate. Ehsan Ul-Haq, senior oil market consultant at KBC Energy Economics, in Vienna for the OPEC meeting, said a KBC report expected oil prices stay under $80 a barrel.
"The probability of oil prices going below $70 a barrel is 20 percent, remaining in a range of $70-80 a barrel is 40 percent," he said.