Business

'Pink Slime' trial: After ABC, people thought BPI wasn't beef

'Pink Slime' trial: After ABC, people thought BPI wasn't beef

The trial continues Thursday in Union County District Court in Elk Point, South Dakota. Now, BPI is suing the Disney-owned media giant, as well as on-air reporter Jim Avila, for up to $5.7 billion in damages on claims that the news reports defamed the company.


Oil prices fall as Shell resumes exports of Forcados

Oil prices fall as Shell resumes exports of Forcados

What looks like a relief for the Nigerian economy has emerged, with the Royal Dutch Shell announcing that it has lifted force majeure on exports of crude oil from Forcados oil facility. Lagos and London-listed Seplat said June 7 that, since resumption in late May 2017 of oil and condensate injection into the Forcados system, it has been able to reinstate gross production at OMLs 4, 38 and 41 to pre-FM levels of about 75,000 b/d and 290mn ft³/d, or 125,000 barrels of oil equivalent per ...



House Health Care Plan Formally Moves to Senate

This week was expected to be a pivotal one for the health care overhaul, which lawmakers hope to finish before the July 4 break in order to move to other pressing issues. "It's a very complex system. And when they passed the bill, they knew full well that the cost of it - $400 billion - was more than double the cost of the entire general fund of the state of California".


UK voters prioritize security in wake of attacks

UK voters prioritize security in wake of attacks

All the party leaders criss-crossed the nation appealing for votes up until the polls close at 10pm tonight. A man leaves a caravan which is being used as a polling station on Grange Farm in Garthorpe, Leicestershire, England, Thursday June 8, 2017.



Israel pushes ahead with plans for 3000 settlement homes

In related news, Israeli Prime Minister Benjamin Netanyahu pledged, on Tuesday, to build settlement wherever he wants in the occupied Palestinian territories. There was no call at the time for a Palestinian state, in territories controlled by fellow Arabs. This settlement known as Amona was evacuated under court order in February.


ECB president says risks to economy diminished

ECB president says risks to economy diminished

Draghi has repeatedly insisted the central bank will not consider tightening monetary policy until inflation rises sustainably, without the effects of the more volatile components, towards its two per cent target. Analysts expect that provision to be dropped in coming months as the bank edges toward announcing how it will phase out the bond purchases next year.