An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
President Donald Trump signaled Iran is not telling the truth about the drone attacks on Saudi Arabia's largest oil facilities.Oilread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
An extended Saudi oil outage could push Brent crude prices north of $75 per barrel, Goldman Sachs warned clients.Marketsread more
As investors worry about oil supply, airline and cruise ship stocks are getting hit, while some energy stocks are shooting upward.Marketsread more
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to Kuo.Technologyread more
The Times updated an article detailing a previously unreported accusation against Justice Kavanaugh from when he was a Yale University student, noting that "the female student...Politicsread more
The U.S. faces less oil-shortage risk after weekend strikes on Saudi facilities because America has been aggressively developing its own domestic resources in recent years,...Oilread more
Purdue's board approved the much-anticipated bankruptcy filing, days after reaching a tentative deal to settle some 2,000 opioid lawsuits.Health and Scienceread more
"U.S. internet companies are generally very, very dominant (in Europe). For the search market, Google has a very high market share in Europe; higher than what they have in the U.S., (so) I think European countries are frustrated that they don't have enough number of choices. That actually creates opportunities for companies like us," Baidu CEO Robin Li told CNBC on the sidelines of the G20 summit in Hangzhou.
"In terms of technology, at least in the past, it's pretty much U.S. companies dominating everything. Now, Chinese internet companies are coming up and we will be able to provide viable alternatives," he said.
He added Chinese companies are often innovative in solving problems that come up in China and can take that technology overseas.
Li's ambitions come as U.S. tech behemoths Alphabet's Google and Apple face challenges in Europe.
Google may face a raft of separate antitrust cases from the European Union after the search giant was accused of abusing its dominant position in areas from Android to advertising.
Meanwhile, the EU's ruling that Ireland must claw back billions in unpaid taxes from U.S. tech giant Apple has caused shockwaves in the business world with questions now being asked over the future of multinationals in Europe, international taxation rules and even the economic partnership between the U.S. and Europe.
Baidu operates a map service in Europe which is predominantly used by Chinese travelers.