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Higher Supply From OPEC, Russia Sees A Drop In Global Oil Prices

Oil prices slowed down and dropped in the first week of August noting its fourth drop in the last five weeks.   In the week, there was a decrease of 0.75 percent and 2.10 percent in the price of the West Texas Intermediate (WTI) for September delivery and Brent for October delivery...

Britain Could Face Increased Food Prices Because Of Heatwave

According to warnings from British experts, the country could see a spike in food prices "for some time to come" because of the ongoing heat wave even as Londoners prepare for a continued summer blast and temperatures expected to be around 32 degrees Celsius.   There has been pressure on...

Outlook Of Greek Banks Raised To Positive By Moody’s

Moody's Investors Service expects enhancement in the funding in Banks in Greece and the asset risk during the next one to one and half years which formed the basis for the ratings agency to change its outlook on the country’s banking system from stable to positive.   A report from the agency...

Tesla Launches Limited-Edition Surfboard, All Sold Out In A Day

The knack of Tesla founder Elon Musk to engage in production and selling of products that can be considered weird branded ones is not a surprising fact. Most of the time, such merchandise has no connection with the core business that he heads and for what he is known for throughout the business...

41% Surge In Trademarks In UK For Spirits As Demand For Gin Grows

According to new figures, there has been a 41 per cent increase in the UK in the number of trademarks that were registered for spirits and liqueurs. This figure is reflective of the rising demand for artisanal products and the demand for gin among consumers.   Research published on...

Response To Auto Tariff Threats Form Trump Being Worked Out By Global Powers

According to media reports, a host of countries including Mexico, Canada, the European Union, South Korea and Japan are set to hold deliberations in Geneva next week over measures that can be taken to tackle the threatened imposition of tariffs on import of autos and car parts by the U.S. President...

Retailers Aim To Generate More Ad Revenue From Their Websites

The marketing drive that was used by vacuum cleaner maker Dyson with U.S. retailer Target Corp made use of the premise that people with hay fever hate dust. People who likely had allergies from dust were shown the advertisements of Dyson’s cordless V6 vacuum on social media and its website by...

It Is High Time To Speak Out For Global Trading System: WTO Chief

While calling on "everyone who believes in trade as a force for good" to speak up in defense of free global trade, the economic and systemic threats posed by growing trade tensions were outlined by World Trade Organization (WTO) Director-General Roberto Azevedo on Tuesday.   "Members are...

Can China’s Food And Drug Safety Issues Be Solved By Blockchain

A debate has been initiated in China about the possible use of blockchain, the underlying technology used for digital currencies like bitcoin, can be a solution safety issues of the country’s food and drugs. This after the revelation of a scandal in the Chinese pharmaceutical industry where a firm...

UK Foreign Sec Warns EU Of 'No Deal By Accident' On Brexit

There is now a "very real risk of a Brexit no deal by accident", without a "change in approach from the EU negotiators", warned Jeremy Hunt, the UK foreign secretary.    There are many in the EU who believe that they just had to "wait long enough and Britain will blink" but "that's not...

India’s Smartphone Market Seeing A Two-Horse Race Between Samsung And Xiaomi

It is virtually a two-horse race between Samsung and Xiaomi for the fast expanding Indian smartphone market.   According to a new report by research firm Canalys, about 60 per cent of the market is captured by South Korean smartphone maker and the largest smartphone maker in the...

Angela Merkel Warns Global Prosperity At Threat Due To Trump’s Tariffs

The US tariffs were a threat for income for worker throughout the world, said German chancellor, Angela Merkel, which has intensified the war of words over Donald Trump’s proposed of imposition of import tariffs on a wide range of products from China and the European Union.   The threatened...
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