Oil rises to 26-month high after Turkey threatens to cut Kurdistan oil pipeline

Oil prices took a breather on Tuesday after Brent crude earlier rose to a 26-month high, supported by Turkey’s threat to cut crude flows from Iraq’s Kurdistan region to the outside world. Turkish President Tayyip Erdogan threatened on Monday to cut off the pipeline that carries oil exports from northern Iraq, intensifying pressure on the […]

Key issues in the NAFTA renegotiations

(Reuters) – Negotiators from Canada, Mexico and the United States are meeting for a second round of talks to renegotiate the North American Free Trade Agreement, amid threats by U.S. President Donald Trump to pull out of the deal. NAFTA, first implemented in 1994, eliminates most tariffs on trade between the United States, Canada and […]

Washington Post writer slams newspaper owner Jeff Bezos for mistreating workers

Washington Post writer Fredrick Kunkle on Friday ripped the newspaper’s owner Jeff Bezos in a scathing op-ed, accusing the Amazon founder of mistreating workers within his business empire. Kunkle, who writes for the Washington Post’s Metro desk and serves as co-chair of the Washington-Baltimore News Guild, challenged Bezos for expressing a desire to increase his […]

New Saudi budget carrier aimed at boosting tourism will commence flights next month

JEDDAH: Saudi Arabia’s new budget carrier Flyadeal said on Thursday it will start flying next month, as the kingdom seeks to expand air services to boost tourism in a radical overhaul of its oil-dependent economy. Flyadeal, a subsidiary of the state-owned Saudi Arabian Airlines corporation, will operate a fleet of eight Airbus A320ceo aircraft and […]

What price would you put on a passport?

By Simon Tulett Fiddling distractedly with her headscarf and in words little louder than a whisper, Amar Al-Sadi tells me Malta has saved her from a life of bombs, rubble and deadly disease. Her family escaped war-torn Yemen on a United Nations evacuation flight two years ago. “I don’t think anyone in the world would […]

New Saudi Crown Prince hopes to diversify away from oil

By : HIDEMITSU KIBE DUBAI — By a rare royal decree, Mohammed bin Salman, 31, was recently named Saudi Arabia’s new crown prince. King Salman, his 81-year-old father, dismissed nephew Mohammed bin Nayef, who was first in line to the throne, favoring his own son instead. The decision was a break with the country’s tacitly […]

EU hits Google with record €2.4bn euro antitrust fine

The European Union’s competition watchdog has slapped a record 2.42 billion euro ($2.72 billion) fine on internet giant Google for breaching antitrust rules with its online shopping service. European regulators said Tuesday that “Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping […]

America can afford to provide all Americans with government health care, says Warren Buffett

Admitting that he’s not an expert in health-care, political heavyweight and investment tycoon Warren Buffett is recommending America scrap its health-care system in favor of a British-style single-payer, state-run plan. The Berkshire Hathaway CEO said America “can afford” to provide all Americans with government health care. A single-payer program is “probably is the best system,” […]