Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.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.Technologyread 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
ABUJA, Sept 10 (Reuters) - Nigeria has cut its forecast for its benchmark crude oil price, citing expectations that the global oil market will be oversupplied next year, its finance minister said on Tuesday.
Africa's largest economy is also the continent's biggest oil exporter and relies on crude sales for around 90% of its foreign exchange. Low oil prices pushed it into a recession in 2016 from which it emerged a year later, and economic growth remains low.
Finance Minister Zainab Ahmed told journalists that she had lowered a forecast for Nigeria's benchmark price next year to $55 per barrel from $60 per barrel, in part "to cushion against an unexpected price shock".
Speaking as the government prepared its medium-term expenditure framework - a plan it uses to prepare Nigeria's budget - she said the lowered price expectations were due to "strong indications" of an oversupplied oil market in 2020.
Ahmed said Nigeria is producing roughly 2.3 million barrels per day (bpd) of crude oil and condensates. It has agreed a cap of 1.685 million bpd of crude oil with the Organization of the Petroleum Exporting Countries (OPEC).
Nigeria's petroleum minister, when asked about current overproduction on Tuesday at the World Energy Congress in Abu Dhabi, said the country will do what OPEC asks it to do. (Reporting by Camillus Eboh in Abuja; Writing by Libby George and Alexis Akwagyiram; Editing by Jason Neely and Jan Harvey)