Retailers could be in for a jolly jump in holiday sales despite headwinds like the U.S.-China trade war and threat of another economic slowdown.Retailread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
Iran will never hold talks with America, the country's Supreme Leader Ayatollah Ali Khamenei said on state television Tuesday morning.Politicsread more
Energy stocks are on fire Monday. Five experts weigh in on what this could mean.Trading Nationread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread 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
BRASILIA, Aug 25 (Reuters) - Brazilian warplanes are dumping water on the burning forest in the Amazon state of Rondonia, responding to a global outcry over the destruction of the world's largest tropical rainforest, according to a government video.
As of Sunday, President Jair Bolsonaro had authorized military operations in seven states to combat raging fires in the Amazon, responding to requests for assistance from their local governments, a spokeswoman for his office said.
The video posted by the Defense Ministry on Saturday evening showed a military plane pumping thousands of liters (thousands of gallons) of water out of two giant jets as it passed through clouds of smoke close to the forest canopy.
The response comes as leaders of countries in the Group of Seven (G7) nations currently meeting in France expressed grave concerns over the fires.
French President Emmanuel Macron on Sunday said the G7 was nearing a deal to provide "technical and financial help" to countries affected by the Amazon fires.
Nearly 80,000 fires have been registered across Brazil through Aug. 24, the highest since at least 2013, according to space research agency INPE.
Bolsonaro announced the military would be sent in on Friday after several days of criticism from the public and world leaders that Brazil's government was not doing anything to fight the fires.
But outside of Rondonia, the government had yet to give operational details for other states. The Defense Ministry said in a briefing on Saturday that 44,000 troops were available in Brazil's northern Amazon region but did not say how many would be used where and what they would do.
The Defense Ministry did not immediately respond to request for more details on Sunday.
Justice Minister Sergio Moro had also authorized a force of military police to assist in fighting the fires, with 30 set to be sent from Brasilia to Porto Velho. The president's office posted to Twitter a photo of police officers on a plane bound for Rondonia set to arrive at noon.
Environment Minister Ricardo Salles posted a video showing a caravan of yellow fire prevention trucks and other government vehicles, saying they were on the ground responding in Rondonia.
The Amazon is the world's largest tropical rainforest and is seen as vital to the fight against climate change because of the vast amounts of carbon dioxide that it absorbs.
Brazilian climate scientist Carlos Nobre said he worries if 20-25% of the ecosystem is destroyed that the Amazon could reach a tipping point, after which it would enter a self-sustaining period of dieback as the forest converts to savannah. Nobre warned that it is not far off with already 15-17% of the rainforest having been destroyed.
(Reporting by Jake Spring; Editing by Sandra Maler)