Business

Oil prices slide amid glut concerns, U.S. withdrawal from climate deal

Oil prices slide amid glut concerns, U.S. withdrawal from climate deal

The general conclusion is that this move by Trump is not going to be favorable to oil prices. NEW YORK, June 2 (Reuters) - Crude fell more than 1 percent on Friday, heading for a second straight week of losses, on worries that U.S. Still, oil markets received some support from official USA data which showed crude inventories fell sharply last week as refining and exports surged to record highs.



After Polls, Sterling Gets a Boost

London's top flight index ended the day up by more than 1% or 77.35 points at 7,527.33 as investors digested news that Theresa May's Conservatives had fallen short of an overall Commons majority, resulting in a hung parliament . The euro extended overnight losses and was 0.1 percent lower at $1.1200. But observers also believe that a hung parliament makes the prospect of a so-called hard Brexit less likely, which would be welcomed by markets and the world of business.


Two of the three London Bridge terrorists are named

Two of the three London Bridge terrorists are named

Two of the London Bridge attackers have been named by the Metropolitan Police as Khuram Shazad Butt and Rachid Redouane , both from east London . She and Mayor Sadiq Khan visited London Bridge as commuters returned to work after some security cordons were removed, and hundreds of mourners turned out later for a vigil on nearby Tower Bridge.


Ariana Grande benefit concert line-up confirmed

Ariana Grande benefit concert line-up confirmed

Katy Perry , Miley Cyrus and Justin Bieber are joining Grande and Brit-favorites Take That and One Direction's Niall Horan are also included in the show. We thank fans for their patience as we continue to process the registrations. Ticketmaster said demand was "always going to be extremely high", with more than 450,000 searches for the event on its site in 24 hours.


UAE urges Qatar to change policy after terror list issued

UAE urges Qatar to change policy after terror list issued

Trump called the actions against Qatar "hard but necessary". "I want to call on all other nations to stop immediately supporting terrorism ", Trump said. Bureau of Alcohol, Tobacco, Firearms and Explosives. In the midst of a growing crisis over his country's diplomatic split with some Arab countries, Qatar's Foreign Minister Mohammed bin Abdulrahman Al Thani is in Moscow to hold talks with Russia's Foreign Minister Sergey Lavrov on Saturday.