Business


Oil breaks through $US70 to hit four-year high

According to the IMF, Iran will need an average oil price of $58.80 a barrel in 2018 to balance its budget, down from $100 back in 2014. The downturn forced oil companies and petro-states to radically adjust their strategies amid plunging revenues and led to the Opec cartel of oil producers agreeing in late 2016 to curb their output to boost prices.


Self-driving cars can now navigate back roads without 3D maps

Self-driving cars can now navigate back roads without 3D maps

A "local navigation goal" is set as a final driving point and MapLite uses Global Positioning System, sensors, and basic assumptions about how to get there safely, including the general level and surface of roads in comparison to surrounding areas.


Job openings in United States jump to record 6.55mn in March

Job openings in United States jump to record 6.55mn in March

At this rate, vacancies could surpass the 6.35 million unemployed as of April (openings are released with a lag behind the more closely-watched monthly jobs report). Employers are struggling to fill jobs from a dwindling supply of unemployed. "We need more people to come off the sidelines, and more attractive wages should be an effective way of encouraging that", Peter Boockvar, chief investment officer at Bleakley Advisory Group, said in an email.


Crude market awaits Trump call on Iran curbs

Crude market awaits Trump call on Iran curbs

The 2015 accord eased sanctions on OPEC's third-largest producer in exchange for curbs on its nuclear program, and renewed American measures may constrain the Persian Gulf nation's crude exports. Trump has said the accord with Iran is "a frightful agreement for the United States", while refusing to disclose what he'll do by May 12. European powers still want to hand Trump a plan to save the Iran nuclear deal next week.