Business

Oil dented by rising tide of supply

Oil dented by rising tide of supply

Brent for October settlement fell 34 cents to $72.05 a barrel on the London-based ICE Futures Europe exchange, after dipping $1.82 on Wednesday. Additionally, he said, US monthly figures for production fell in May, suggesting that output may be curbed later in the year, he said.


Ryanair proposes third-party mediator for Irish pilots union talks

Ryanair proposes third-party mediator for Irish pilots union talks

Norwegian is seeking to hire captains and first officers certified to fly Boeing 737 aircraft and will nearly double the number of flight crews at its Dublin base, it said on Friday. 20 flights in total have been cancelled, meaning 3,5oo passengers will have to rearrange their travel plans. Ryanair has said it will shift jobs and planes to more profitable areas, and threatened to move more if the strikes continue.


United States unemployment fell to 3.9% in July

United States unemployment fell to 3.9% in July

The median estimate of analysts surveyed by Bloomberg was for a gain of 193,000 jobs. ■ The unemployment ratefell to 3.9 percent, from 4 percent . "The basic story of the labor market has been a slow and steady recovery of month after month of impressive jobs gains", said Michael Strain, director of economic policy studies at the right-leaning American Enterprise Institute.


China rejects U.S. demand to reduce Iran oil imports

China rejects U.S. demand to reduce Iran oil imports

An order made by the United States to reduce oil imports from Iran has been rejected by China , reports say . Francis Fannon , U.S. assistant secretary of state for the Bureau of Energy Resources, was recently in China to discuss sanctions, Bloomberg said, citing a U.S.


UFC 229: Nate Diaz blasts Conor McGregor fight announcement

UFC 229: Nate Diaz blasts Conor McGregor fight announcement

After he took a break to attend the birth of his son past year, he participated in a boxing match against Floyd Mayweather Jr. and earned a reported $100 million while losing by 10th-round technical knockout. "I'd love to fight in the [Madison Square] Garden but I believe this one will be in Las Vegas ". Since then, McGregor's return to the UFC has been teased but the two sides couldn't come to an agreement.


United Kingdom heatwave to continue as Europe roasts

United Kingdom heatwave to continue as Europe roasts

The mercury is being driven higher by a hot air mass moving north from Africa, bringing dust from the Sahara. More than 700 firefighters are battling a major wildfire in southern Portugal, as temperatures in some areas approach record levels.