Business

USA wants to reduce Iran's oil revenue to zero

USA wants to reduce Iran's oil revenue to zero

Iran's first vice president is saying the country's private sector will be able to buy and export crude oil under a new plan to combat USA sanctions. An oil tanker is loaded at a Saudi Aramco refinery and terminal in Ras Tanura, Saudi Arabia, in May. Trump's suggestion means he wants Riyadh to increase production to 12 million bpd - something the kingdom has never done in the past.



WTO needs to change ways or USA will do 'something'

White House aides who President Trump ordered to draw up a bill to have the nation get around WTO trading rules came up with an odious response: the FART Act. President Donald Trump says that the World Trade Organization has treated the United States "very badly". "They call it the "Fair and Reciprocal Tariff Act".


Dell set to go public again after EMC buy transforms it

Dell set to go public again after EMC buy transforms it

Dell bought EMC in 2016 for $67bn, gaining a dominant position in enterprise storage and hyper-converged infrastructure systems. In a separate announcement Monday, VMware said it was giving an $11 billion special dividend to shareholders tied to the completion of the Dell Technologies deal.


GM may slash American jobs because of Trump tariffs

GM may slash American jobs because of Trump tariffs

It buys tens of billions of United States dollars worth of parts from U.S. suppliers every year, and has invested over US$22 billion in USA manufacturing operations since 2009. According to Japan's Toyota Motor Corp., if the increased tariffs were to be imposed, the costs would simply be passed on tax-paying U.S. consumers.


LeBron James Agrees to Sign With Lakers for Four Years, $154 Million

LeBron James Agrees to Sign With Lakers for Four Years, $154 Million

LeBron James decides to go west, signing a four-year, $154 million deal with the Los Angeles Lakers . The deal was announced Sunday night by Kutch Sports, James' management group. The meeting was first reported by ESPN. The back-to-back champion Golden State Warriors loom largest, with the Houston Rockets, Utah Jazz, Portland Trail Blazers and Oklahoma City Thunder expected to be in contention as well.


Find alternatives to Iranian oil by Nov 4: Govt to refiners

Find alternatives to Iranian oil by Nov 4: Govt to refiners

This comes after leaders from the Organization of the Petroleum Exporting Countries ( OPEC ) decided on increasing oil production by 1 million barrels per day, at a meeting last week. This comes barely days after the United States has asked countries to cut all oil imports from Iran by the start of November or else face powerful U.S.