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Tighter Markets And Iran Tensions Drive Crude Oil Demand Ding Up Prices To Their Highest Since Mid-2015

Tighter Markets And Iran Tensions Drive Crude Oil Demand Ding Up Prices To Their Highest Since Mid-2015

The ongoing OPEC-led output cuts and the prevailing tensions in the key producer country Iran has driven the price of global crude prices to an all time high since the setting of the slump in commodity prices in the global markets in 2014/15 and the prices that were touched on Thi=ursday were the...
AI To Be Used More In 2018 For Financial Crime Detections: FICO Report

AI To Be Used More In 2018 For Financial Crime Detections: FICO Report

The banking industry is being impacted by technology in almost all aspects. The manner in which customers are expected to be engaging with banks, the way banking products are being manages and the process of offering such products to customers is being impacted by digital disruption.  ...
Russia’s Gazprom Allowed To Sell LNG ‘At Any Price’ In Europe To Counter U.S. Incursions In The Market

Russia’s Gazprom Allowed To Sell LNG ‘At Any Price’ In Europe To Counter U.S. Incursions In The Market

Its Europe and not Ukraine where the real ‘war’ is being waged between the United States and Russia from a pure economical perspective.   In the oil and gas industry, Russia and the U.S. are the new giants. Americans intent selling to the Middle East and Asia is not able to undercut the...
According To UK Think Task, Inequality Gap Is Threatened To Be Widened By Automation

According To UK Think Task, Inequality Gap Is Threatened To Be Widened By Automation

The wage inequality gap in the United Kingdom could get even wider due to machines that threat jobs that are able to generate up to £290 billion in wages   According to the estimate of the institute, during the next two years alone, about 44 per cent of the jobs in the U.K. might get...
December New Car Sale To Be Down 7% Y-O-Y, But Still The Highest Sale Month In 2017: Kelley Blue Book

December New Car Sale To Be Down 7% Y-O-Y, But Still The Highest Sale Month In 2017: Kelley Blue Book

According to an estimate of Kelley Blue Book, there would a year-over-year drop of 7 per cent in the sale of new vehicles in December 2017 to touch a total of 1.57 million units.   "December should be the biggest sales month of the year, and despite our expectations for significant...
Rising Popularity Of Smart Toys This Christmas Also Raises Questions About Their Security

Rising Popularity Of Smart Toys This Christmas Also Raises Questions About Their Security

Toys worth £350 is gifted to the average child aged nine and below every Christmas. And in recent times, toys have transformed into items that are more sophisticated, computerised and connected enhancing the user experience. But this is exactly where there are rising privacy and security concerns...
Peers From Japan And Russia Beaten By Record-Sized Seaplane Built By China

Peers From Japan And Russia Beaten By Record-Sized Seaplane Built By China

A homemade aircraft carrier, a mid-sized civilian aircraft and a fighter jet that is as good as the best in the world have been developed by China in the last one year.   And added to it is the testing of the largest seaplane in the world, the country announced through its state media. It...
Bumper Christmas Sales In UK Of Turntables Signal Remarkable Comeback For The Once Dying Music Segment

Bumper Christmas Sales In UK Of Turntables Signal Remarkable Comeback For The Once Dying Music Segment

Record players and LPs have become that turned out to be one of the must-have gifts of 2017 in the UK which reminds one of the times when friends and families would gather round them to listen music.   The trend this year has been that millennials and forty somethings have developed a catch...
Blackberry Ventures Into The Driverless Car Industry, Will Work Closely With Ford

Blackberry Ventures Into The Driverless Car Industry, Will Work Closely With Ford

BlackBerry is now venturing into the world of automated and self-driving cars.   The once mobile phone maker has struck a deal to cooperate with directly with Ford Motor for expanding the use of the QNX secure operating system of the car maker. This is part of Ford’s push to...
Changing U.S. Customer Preference Sees $6 Billion Acquisition Deal In Healthy Snacks Makers By Hershey, Campbell

Changing U.S. Customer Preference Sees $6 Billion Acquisition Deal In Healthy Snacks Makers By Hershey, Campbell

As the appetite for healthy foods grows among Americans, food companies are striving to cater to tat changing preference.   This was reflected when deals worth $6 billion was unveiled by Campbell Soup Co and Hershey Co for purchasing of healthy packaged snacks makers.   Cape Cod...
Tesla Under Pressure In China After Local Car EV Maker NIO Launches Car At Half Price Of Model X

Tesla Under Pressure In China After Local Car EV Maker NIO Launches Car At Half Price Of Model X

Offering competition for the likes of Tesla in the Chinese market for electric cars, the first mas-produced model was launched by NIO, China’s electric vehicle start-up.   One of the differentiating factor is the price of the vehicle which is half of the starting price of a Tesla electric...
Exchange Giant CME Launches Bitcoin Futures Setting The Stage Bigger For The Cryptocurrency

Exchange Giant CME Launches Bitcoin Futures Setting The Stage Bigger For The Cryptocurrency

According to experts, there is more scope for further rally in bitcoin even after lukewarm reception was available after the launch of the bitcoin futures on the CME Group Inc on Sunday.   There was a drop of 6 percent in the CME bitcoin front-month futures contract even though it had open...
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World

Global Warming Causes The First 12-Month Period Above 1.5C

Global Warming Causes The First 12-Month Period Above 1.5C
According to the European Union's climate change monitoring service, the world just had its warmest January on record, making it the first 12-month period in which average temperatures were more than...

2023 Was The Second-Warmest Year Ever For The UK

2023 Was The Second-Warmest Year Ever For The UK
The national weather service of the United Kingdom, Met Office, announced that 2023 was the second-warmest year on record for Britain. This finding highlights the increasing influence of human-caused...

Fury And Dissatisfaction As The COP28 Draft Language Leaves Out The Phase-Out Of Fossil Fuels

Fury And Dissatisfaction As The COP28 Draft Language Leaves Out The Phase-Out Of Fossil Fuels
On the last day of the global conference, the proposed language for a COP28 climate agreement that does not call for the phase-out of fossil fuels has come under heavy fire from influential figures,...

Brazil Joins The Global Climate Accord To Increase Renewable Energy Usage By Three Folds

Brazil Joins The Global Climate Accord To Increase Renewable Energy Usage By Three Folds
Brazil has joined a potential agreement supported by the United Arab Emirates, the United States, and the European Union to treble the amount of renewable energy produced globally by 2030 and move...

The Rise of India and the Decarbonisation of its Economy

The Rise of India and the Decarbonisation of its Economy
Ranked 14th in the world for gas consumption in 2022, with a growing dependence on imports, India plans to further increase its use of LNG. This appetite stems from both the economic development of...

People

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties.   According to an attorney...

Survey Finds 80% Employees In Asia Face Moderate To High Risk For Mental Health Issues

Survey Finds 80% Employees In Asia Face Moderate To High Risk For Mental Health Issues
Employees in Asia are under "significant mental health strain," with 82% at moderate to high risk of being depressed.   According to a recent study by insurance broker Aon and TELUS Health,...

The Way Bankman-Fried Of FTX Obtained A $250 Mln Bail

The Way Bankman-Fried Of FTX Obtained A $250 Mln Bail
On Thursday, FTX founder Sam Bankman-Fried agreed to a bail deal that would see him released on a $250 million bond secured against his parents' property, with movement restrictions.  ...

Majority Of Elon Musk’s Twitter Followers Do Not Want Him As Twitter Chief, Shows A Musk-Conducted Pool

Majority Of Elon Musk’s Twitter Followers Do Not Want Him As Twitter Chief, Shows A Musk-Conducted Pool
Less than two months after taking over as CEO of the social media platform, Elon Musk faced backlash from Twitter users who voted in a poll for him to resign.   According to the poll the...