Business

Oil prices rise in expectation of Aramco supply cut to Asia

Oil prices rise in expectation of Aramco supply cut to Asia

Brent, against which half of the world's oil is priced, rose by $1.53 to $50.26 per barrel as of 6:10pm Nigerian time, while the US West Texas Intermediate increased by $1.57 to $47.45 per barrel. OPEC and the non-OPEC producers also cutting output meet on May 25 and are expected to extend the supply cut at least into the second half of the year.


US retail sales rebounded in April after sluggish winter

US retail sales rebounded in April after sluggish winter

The Commerce Department said retail sales climbed by 0.4 percent in April compared to economist estimates for 0.6 percent growth. Economists had forecast overall retail sales increasing 0.6 percent last month. In a separate report, the Labor Department said consumer prices increased 2.2 percent in the past year. The rise in prices suggested that March's drop, which was the first in 13 months, was an aberration.



In US, left and right go along with Macron's win

Welcoming Macron, Chair of United Kingdom based Sikh Federation Amrik Singh said: "We have been in regular contact with Sikhs in France and understand his political position on many issues could result in improvements for the small minority Sikh community in France in terms of religious freedoms".


United flight delayed after scorpion reported aboard

United flight delayed after scorpion reported aboard

The plane returned to the gate and paramedics examined the customer- who declined medical treatment- and determined that the unnamed passenger had not been stung. Flight 1035 eventually took off Thursday evening, 3 and a half hours late to Ecuador. Back in April - the same week of the infamous dragging incident - a scorpion fell onto a man's head and stung him.


PM leaves for China to attend 'Belt & Road Forum for Int'l Cooperation'

PM leaves for China to attend 'Belt & Road Forum for Int'l Cooperation'

China's One Belt, One Road (OBOR) initiative has six proposed corridors and China Pakistan Economic Corridor is termed as the most important corridor among them. "In the next five years, China is estimated to invest up to $150 billion in Belt and Road countries and regions", the draft reads. "Nepal is gradually moving forward from the status of least-developed country, our economic growth is rising, and is full of possibilities, so with the Chinese assistance, we can attain economic ...