Business and Economy

Business and Economy Latest News

Oil prices slide after OPEC+ output hike
Oil prices slide after OPEC+ output hike
by  AFP

Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US President Donald Trump's trade war could weaken demand. "Yet global growth expectations have been crumbling due to a heated trade war between the US and the rest of the world, and rising output only worsens oversupply concerns.

Trump says ordering '100% tariff' on all movies produced abroad
Trump says ordering '100% tariff' on all movies produced abroad
by  AFP

US President Donald Trump said Sunday he was ordering new tariffs on all films made outside the United States, claiming Hollywood was being "devastated" by a trend of US filmmakers and studios working abroad. Other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States," Trump wrote Sunday.

'Bombshell' OPEC+ output hike hits oil price
'Bombshell' OPEC+ output hike hits oil price
by  AFP

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed. The output increase of 411,000 barrels a day announced by Saudi Arabia, Russia and six other members of the oil cartel on Saturday added to concerns about over-supply.

Energy

Money

Industry

Technology

Economy