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
Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.Marketsread 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
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
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
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
President Jair Bolsonaro said Brazil may accept the G-7's offer of $22 million for help with fires in the Amazon if France's Emmanuel Macron withdraws his "insults" regarding the issue.
"Macron has to take back his insults of me," he said, according to Reuters, appearing offended by previous comments made by the French leader on the issue.
"He called me a liar. Before we talk or accept anything from France ... he must withdraw these words then we can talk." He later told reporters that Brazil had nothing against the G-7, but rather against the president of a G-7 country.
Last week, Macron threatened to block an EU trade agreement with Brazil and its neighboring countries over Bolsanaro's lack of action to control the surge in Amazonian forest fires. "Given the attitude of Brazil over the last weeks, the president can only conclude that President Bolsonaro lied to him at the Osaka (G-20) summit," a presidential official said in a statement at the time.
The French president has publicly pushed for international action in the Amazon, after satellite data from Brazil's space agency showed last week that fires are burning in the Amazon at a record rate. The number of forest fires in the Brazilian Amazon so far this year surged by 84% from the same period in 2018.
The Brazilian and French leaders have since been embroiled in a spat that was sparked by Macron's calls. Bolsonaro attacked Macron last week for displaying what he called a "misplaced colonialist mindset."
On Monday, Bolsonaro said on Twitter that Brazil could not accept Macron's "unreasonable attacks" on the Amazon, adding that "the idea of an 'alliance' of the G-7 countries to 'save' the Amazon" treated Brazil like a colony.
The dispute has also involved the wives of both heads of state. Bolsonaro commented on a Facebook post comparing the appearances of his own wife, Michelle Bolsonaro, and French first lady Brigitte Macron, telling a supporter: "Do not humiliate (him)... man, ha ha."
Macron said in response at a news conference during the G-7 summit: "He said very disrespectful things about my wife. I have great respect for the Brazilian people and can only hope they soon have a president who is up to the job."
Macron announced on Monday that the G-7 countries — Canada, France, Germany, Italy, Japan, the U.K. and the U.S. — would pledge $22 million to help reduce the fires in the Amazon. However, Brazil later said it would reject the fund.
Speaking to Brazilian news website G1 on Monday, Bolsonaro's Chief of Staff Onyx Lorenzoni accused Macron of hypocrisy over his stance on the Amazon fires. "Thanks, but perhaps these resources are more relevant to reforesting Europe," Lorenzoni said. "Macron cannot even prevent a predictable fire in a church (Notre Dame Cathedral) that is a World Heritage Site, and (he) wants to teach lessons to our country?"
He added that Brazil could teach "any nation" how to protect their native forests, according to a translation of the interview. France's iconic Notre Dame Cathedral was severely damaged in a fire in April, causing the landmark's roof and spire to collapse. Macron then pledged to rebuild the cathedral within five years.
Bolsonaro claimed that other heads of state sympathized with Brazil, and that Colombian President Ivan Duque agreed with him that the countries making up the Amazon needed a joint plan on the crisis to "guarantee our sovereignty and natural wealth."
President Donald Trump defended Bolsonaro Tuesday, saying in a tweet that he had "gotten to know" the Brazilian leader well. "He is working very hard on the Amazon fires and in all respects doing a great job for the people of Brazil — not easy," he said. "He and his country have the full and complete support of the USA."
Bolsonaro, who has faced criticism for his environmental policies, previously said it was difficult to curb increasing deforestation with limited resources. However, on Saturday, he said he would send the army to fight the fires, sharing a video of the air force extinguishing flames in the Amazon.
The Amazon rainforest covers land in Brazil, Bolivia, Peru, Ecuador, Colombia, Venezuela, Guyana, Suriname and French Guiana. According to the World Wildlife Fund, it makes up half of the world's remaining tropical forests.