Business

The price of oil has recently been rising following news of the US’ increased push to curb Iran’s oil trade and Washington's sanctions against another oil-exporting country – Venezuela, sparking fears of a shortage in crude supply.

The move comes after on Friday US President Donald Trump decided to impose 25 percent tariffs on $200 billion worth of Chinese goods, also warning that Beijing should strike a deal, or the situation would be "far worse" for China.

Metro Bank first opened its doors in the UK in 2010 and was the first high street bank to open in England in over 100 years. Founder Vernon Hill had built the Commerce Bank in the US from one branch to 440 and sold it for $8.5 billion in 2007.

White House Economic Adviser Larry Kudlow said earlier that American companies would pay for the tariffs on Chinese imports as well as Chinese enterprises imposed by the Trump administration.

The German giant acquired the US agrochemical firm in 2018 and inherited numerous problems, including lawsuits over the probable toxic effect of its weed killer Roundup. After shedding more than 30 billion euros from its market capitalisation, Bayer has had to deal with an investigation in France about data being collected on Monsanto’s critics.

Last week's round of US-China trade negotiations failed to produce any results, with Washington subsequently introducing a new set of tariffs on Chinese goods. Beijing has already vowed to retaliate against Washington's Friday decision to impose 25 percent tariffs on $200 billion worth of Chinese goods.

Finland joined the European Union in 1995 and was one of the first countries to adopt the euro on 1 January 1999. So far, it remains the only Nordic country to have discarded its national currency for the sake of the euro.

Farming octopus is “unethical and a threat to the food chain” according to a new study, noting also that it is ecologically unjustified to mass breed the highly-intelligent aquatic creatures.

The funding is intended to help the Pakistani government implement its strategy to secure "stronger and more balanced growth", the IMF said in a statement, noting that Pakistan is currently struggling economically.

President Trump has threatened to slap a 25% tariff on the remaining $325 billion in goods coming from China, announcing the plans the same day the US more than doubled duties on $200 billion in Chinese goods as trade talks ended in a deadlock. China has a potential trump card of its own via its massive pile of US debt. But will it use it?

Economics experts at the British bank Standard Chartered and ASEAN's Macroeconomic Research Office (AMRO) provide modestly optimistic assessments of Asian economies during the 2020s, suggesting the region could become the new driving force of global economic growth.

Uber's initial public offering (IPO), one of the biggest in US history, left stockholders and the firm's board disappointed, as it fell nearly 8 per cent below the IPO price on the first day of trading.

The move comes after the US slapped fresh sanctions on Iran related to the Islamic Republic’s iron, steel, aluminium, and copper sectors, with Washington threatening to impose more restrictive measures on Tehran.

The Earth’s shortage of helium has now become so acute that party stores selling festive floating balloons are closing.

MOSCOW (Sputnik) - US President Donald Trump said on Saturday that companies should produce goods "in the good old" United States in order to avoid impacts of increased tariffs.

The businessman is one of the key figures in a money-laundering scandal which also involves a number of Malaysian officials, including former Prime Minister Nijab Razak, who are suspected of embezzling billions of dollars from the 1Malaysia Development Berhad (1MDB) fund since 2009.

A recent general election in South Africa reveals rising voter frustration with partisan politics, and the policies of the ruling African National Congress (ANC), which is still poised to keep its majority despite the mounting economic challenges.

The UK's GDP growth continues to accelerate, defying earlier predictions of a catastrophe befalling the country due to Brexit woes, sometimes disparagingly called 'Project Fear'. Gains in manufacturing, exports, and domestic consumption are driving the latest economic expansion.

Canada has seen a massive rise in gainful employment amid the declining jobless rate and rising wages, all of which are set to contribute to higher consumer confidence and spending, and boost business activity in the manufacturing and services sectors this year.

Earlier, the US raised tariffs from 10 percent to 25 percent on $200 billion worth of Chinese goods ahead of a second day of trade talks between top Chinese trade negotiator Liu He and US officials in Washington.