OPEC and 10-non OPEC countries extend oil output cut by nine months
OPEC and 10 non-OPEC oil producing nations, led by Russia, announced that they are extending cuts in oil output by nine months.
The alliance is extending...
Best Buy reports unexpected rise in first quarter sales, shares surge 21.48% to record...
Best Buy surprised investors by announcing a rise in first-quarter comparable sales and impressive earnings of $188 million, or 60 cents per share, on...
Shoppers’ in-store expectations pose challenge to physical retail
A new report that surveyed consumers in several European countries suggests some key areas in which physical retailers are failing to meet the in-store...
Boeing, DARPA building unmanned hypersonic spaceplane “Phantom Express”
Boeing has been selected by the U.S. Defense Advanced Research Projects Agency (DARPA) to build an experimental unmanned hypersonic spaceplane called the Phantom Express.
The...
China’s credit rating downgraded by Moody’s from Aa3 to A1
China’s credit rating has been downgraded by Moody's Investors Service for the first time since November 1989, from Aa3 to A1.
"The downgrade reflects Moody's...
Target agrees to $18.5 million settlement over 2013 data breach
US retail giant Target has agreed to pay $18.5 million to settle an investigation into a massive data breach that occurred before Christmas in...
Chemical giants Huntsman and Clariant are combining in an all-stock deal
Huntsman Corporation and Clariant AG have reached a merger agreement in an all-stock deal set to create a specialty chemical company with approximately $20...
Switzerland votes to phase out nuclear energy and shift to renewable sources instead
The Swiss have voted in favour of new rules that will see nuclear energy gradually phased out in favour of renewable energy.
On Sunday there...
Saudi Arabia commits $20 billion to investment fund for US infrastructure projects
Saudi Arabia has committed $20 billion to a new investment fund run by Blackstone for US infrastructure projects.
The Saudi investment accounts for about half...
Industrial robots: Experts highlight potential hacking threats
Just over a week ago, governments, hospitals, businesses, and homes worldwide fell victim to a massive cyber attack in which WannaCrypt - a malicious...