Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
China's central bank provided yet more stimulus to the country's economy on Thursday by lowering the interest rates on the loans it gives to banks.
The move, which will come into effect on Friday, will cut the overnight and seven-day rates it gives to Chinese lenders by 2.75 percent and 3.25 percent respectively.
The People's Bank of China (PBOC) announced the news measures in its official blog, according to Reuters, and came after markets in China had closed for the trading day. By cutting the rates to banks, the PBOC hopes that more money will flow into the economy.
It forms part of its standing lending facility, or SLF, and comes after six benchmark rates cuts by the PBOC in the last twelve months.
The world's second-largest economy is coming to terms with slowing growth after an economic boom that has lasted three decades.
The government is aiming to make China more consumption-led and domestically focused after years of relying on cash from exports. After a period of double-digit growth, projections are that the economy will grow around 7 percent this year.