Business


Trump says Saudi king agrees to ramp up oil production

U.S. President Donald Trump revealed Saturday he asked Saudi Arabia's King Salman to increase his country's oil production "maybe up to 2,000,000 barrels". The current production curb pact calls for participating countries to trim output by 1.8 million barrels a day. The world's top oil exporter plans to pump as much as 11 million barrels of oil per day (bpd) in July, an oil industry source told Reuters this week, after OPEC agreed with Russian Federation and other oil producers to ...


Amazon launches a last-mile delivery program powered by entrepreneurs

Amazon launches a last-mile delivery program powered by entrepreneurs

Inc. ( AMZN ) is enlisting entrepreneurs to help deliver its packages to the homes of millions of US customers. Amazon uses the USPS for an estimated 40% of its last-mile deliveries, paying bulk pricing. This new last-mile delivery program is in addition to Amazon Flex , a delivery program in more than 50 US cities that operates similarly to Uber or Lyft , with temporary employees delivering parcels from their own vehicles for $18 to $25 an hour.


Goodbye, Geoffrey: Toys R Us closing its last stores

Goodbye, Geoffrey: Toys R Us closing its last stores

Another poster has a letter from Geoffrey that reads: 'One day, all of us will get separated from each other. According to recent reports, former Toys R Us CEO Jerry Storch has been meeting with potential investors to find a way to reboot the toy company .


Wetherspoons is running out of beer

Wetherspoons is running out of beer

Quality Pork Limited (QPL), at Brechin, which puts 6,000 pigs a week through its production line, stopped operations on Tuesday afternoon because it ran out of Carbon dioxide used to stun the animals before slaughter. And the timing could hardly be worse. Wetherspoons - the largest pub in the United Kingdom has equally responded saying it would soon retract a number of beers and carbonated drinks from its supply.


Rahul Gandhi targets Modi over rise in Indian money in Swiss banks

Rahul Gandhi targets Modi over rise in Indian money in Swiss banks

According to the Swiss National Bank (SNB), funds held by Indians directly with Swiss banks rose to Rs. 6,891r in 2017, while wealth held through fiduciaries or managers increased to Rs. Jaitley, in a note on Facebook, said that the bank's annual report had led to "misinformed reaction in certain circles raising a query whether the government's anti-black money steps have yielded results".



Bali shuts airport after volcanic eruption

Virgin Australia, Qantas and Jet Star were monitoring the situation in consultation with Australia's Bureau of Meteorology's Volcanic Ash Advisory Centre. local time on Thursday, causing volcanic ash to rain in areas west and southwest of the volcano. Its last major eruption was in 1963 and killed about 1200 people.