The news follows a tumultuous week in which WeWork postponed its IPO roadshow and new revelations were published about Neumann's behavior.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Cybersecurityread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
Schiff had previously shied away from calling for impeachment, but his comments on CNN's "State of the Union" indicate his stance has shifted.Politicsread more
Swedish teenage activist Greta Thunberg has welcomed criticism from OPEC's secretary general, describing it as the "biggest compliment yet" to a growing movement of young protesters demanding action over climate change.
"Thank you!" Thunberg said Thursday in response to thinly-veiled criticism from a prominent fossil fuel leader.
"Our biggest compliment yet!"
Thunberg was catapulted to fame for skipping school every Friday to hold a weekly vigil outside Swedish parliament last year.
Protesting against political inaction over climate change, the 16-year-old sparked an international wave of school strikes — also known as "Fridays for Future" — with millions of other children following suit in cities around the world.
Earlier this week, energy ministers from the world's most powerful oil-producing nations met in Austria to thrash out a deal restricting the amount of crude flowing into the global market.
Speaking in Vienna shortly after a meeting of the oil producers' club and its allied partners on Tuesday, OPEC Secretary General Mohammad Barkindo reportedly said that "unscientific" attacks by climate activists were "perhaps the greatest threat to our industry going forward."
Barkindo told AFP that as extreme weather events linked to climate change became more common, there seemed to be a "growing mass mobilization of world opinion … against oil."
He added children of some colleagues at OPEC's headquarters "are asking us about their future because… they see their peers on the streets campaigning against our industry."
OPEC's secretary general did not mention any group specifically, but his comments appeared to refer to the recent wave of school strikes inspired by Thunberg's "Friday's for Future" movement.
Barkindo said that the "mobilization" against oil was beginning to "dictate policies and corporate decisions, including investment in the industry."
"We believe this industry is part of the solution to the scourge of climate change," he told AFP.
Last year, global carbon emissions climbed to a record high, despite a warning from a United Nations report in October that output of the gases will have to be slashed over the next 12 years to stabilize the climate.
OPEC's mission is to "ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry."
Barkindo's reported comments prompted Bill McKibben, a climate activist for over 30 years who runs the climate advocacy organization 350.org, to tweet: "Wow! Wow! Wow! … Thanks everyone for your good work!"
Thunberg's "Fridays for Future" movement won Amnesty International's Ambassador of Conscience Award last month, following in the footsteps of South African leader Nelsen Mandela and Nobel Peace Prize laureate Malala Yousafzai.