Business


Iraq says achieved OPEC oil cut share, ready to meet new demand

The Saudi Energy minister, Khalid al-Falih told a news conference in Riyadh on Sunday that extending the supply cuts by a further nine months until next March should reduce oil inventories to the five-year average. Under the deal, Iraq agreed to cut its production by 210,000 bpd. Some OPEC members are exempt from output cuts and the US Energy Information Administration ( EIA ) expects OPEC net oil export revenues to rise in 2017, partly because of "slightly higher" OPEC output.


German prosecutors to search Daimler offices in diesel probe

German prosecutors to search Daimler offices in diesel probe

Daimler's own facility will play into its strategy of bringing a family of electric models to market in numerous segments by 2022. The company assumes that the proportion of electric vehicles in the total unit sales of Mercedes-Benz will be between 15 and 25 percent by 2025.



With hopes for peace uncertain, President Trump heads to Israel

Iran has accused the USA of selling arms to "dangerous terrorists" in the Middle East - a day after President Donald Trump signed an arms deal with Saudi Arabia . When he met Abbas earlier this month in Washington , he stopped shortly of explicitly recommitting his administration to a two-state solution to the decades-old conflict, a long-standing foundation of U.S.



Has the gas price drop stopped?

As of today, the national average price for a gallon of gas is $2.34, 11 cents higher than this time last year; while in CT, prices average $2.50, 13 cents higher than this time last year. Prices won't plummet to the $2 mark by the holiday weekend, as some analysts recently had predicted, but they're well below the $2.44 average reached in late April, a 20-month high for the two-county region.


Trump sets sight on the big deal: Mideast peace

Trump sets sight on the big deal: Mideast peace

At the end of his first news conference, shortly after arriving in Tel Aviv, Mr Trump responded to reporters' questions about a conversation in the White House with top Russian diplomats by saying he had never "mentioned the word or the name Israel ".



Ariana Grande feels 'broken' after United Kingdom concert terror attack

Her death was confirmed by her school administration. Manchester transport police said the explosion occurred in the arena's foyer, where people were congregating to buy concert merchandise. These were children, young people and their families that those responsible chose to terrorize and kill. "The thought that anyone could go out to a concert and not come home is heartbreaking".