President Donald Trump has repeatedly slammed the Federal Reserve's monetary policy, which he claims is keeping the US dollar too strong and making it difficult for US companies to compete globally.
Multiple cease-and-desist letters have been issued to Clearview AI over its use of Facebook images to train its facial recognition tech without the social media giant’s permission - not long after Twitter and several other platforms demanded the startup do the same.
WASHINGTON (Sputnik) - Global oil demand will reach its peak in 2041 and then will decline gradually, the International Monetary Fund (IMF) said on Thursday.
MOSCOW (Sputnik), Andrei Savenkov - On Tuesday, German newspaper Handelsblatt reported, citing US diplomatic sources, that the United States could impose new sanctions on the Nord Stream 2 later in February or in March that would target investors or companies that will receive Russian gas.
The case comes amid tensions in the trade war between China and the US, including the latter waging a campaign to block the world's largest telecom provider from expanding its market share and building 5G networks globally.
MOSCOW (Sputnik) - Austrian oil and gas company OMV invested 113 million euros, or $124 million, in the Nord Stream 2 gas pipeline project targeted by US sanctions in 2019, the company said in a report published Thursday.
The UK withdrew from the EU on 31 January and is currently in an 11-month transition period, during which Britain will be able to negotiate new trade agreements with EU members and other countries.
While SEB CEO openly considered punishing company boards with only white men an “inspiring” idea, these plans struck a chord with the public.
NEW YORK (Sputnik) - Stocks on Wall Street hit record highs for the third day in a row on positive news about the fight against China’s coronavirus crisis and bets that the impending US jobs report for January will beat expectations.
The electronic carmaker Tesla was poised to roll out its new Model 3 cars to its lucrative Chinese market in January. However, due to the outbreak of the coronavirus in Wuhan, government orders have led to the firm's factories being shut down.
WASHINGTON (Sputnik) - The United States had a trade deficit of nearly $11 billion in 2019 as President Donald Trump’s trade war with Beijing slashed China’s imports of US goods, the Commerce Department revealed on Wednesday.
In his annual State of the Nation address on Tuesday, President Donald Trump praised the state of relations between the US and China as “perhaps the best…we have ever had,” and said that the Phase One trade agreement recently signed between Washington and Beijing had succeeded in confronting China’s alleged “massive theft of American jobs.”
Bernard Looney, who was born in Ireland, takes over as chief executive from Bob Dudley. Mr Looney joined BP in 1991 as a drilling engineer and ended up leading their upstream division, which includes oil and gas exploration and production.
Late last week, US Congressmen reportedly warned the UK about the “catastrophic cost” of London’s recent move to permit Huawei to supply Britain with 5G technology and participate in the installation of the necessary infrastructure across the country.
NEW YORK (Sputnik) - Stocks on Wall Street rose the most in a day since the start of the novel coronavirus outbreak, with the Nasdaq index for US technology stocks hitting its first record high in nearly two weeks on Tuesday.
Remainers in Britain repeatedly said that the UK would suffer economically from leaving the customs union, but recent statistics show that British economy might actually be performing better that the EU average.
While the Chinese government is taking measures to curb the spread of the new strain and accusing some countries, namely the US, of overreacting, the first day of trading in Shanghai after the Lunar New Year holiday was marked by an 8.7% drop. The Brent oil blend benchmark price also dropped by 4%, reaching a one year low.
The rise increased the market value of the electric vehicles manufacturer by a record $23 billion.
Alphabet’s worst fourth-quarter revenue growth since 2015 sent shares down nearly 5% on Monday, after the company debuted YouTube’s advertising revenue.
MOSCOW (Sputnik) - The Russian government has decided to postpone the Russian Investment Forum in the Black Sea resort of Sochi amid the threat of deadly China coronavirus, according to a directive posted on the Cabinet website on Monday.