Any loss of crude oil in the international market because of the export sanctions imposed on Venezuela by the United States would not have too much impact on the global crude supply as there is enough spare capacity in other oil producers and strategic reserves which is potentially the reason that...

The International Energy Agency announced that it would be difficult for the global oil market to absorb the fast-growing oil supplies from non-OPEC countries, even with reduction of the group’s production and US sanctions against Venezuela and Iran, Reuters reports. In its monthly report on the...

Australian authorities have signed a strategic partnership agreement with the French company Naval Group to build 12 diesel-electric submarines worth € 30 billion (50 billion Australian dollars). The agreement was signed on Monday, February 11, in Canberra by Australian Prime Minister Scott...

According to IDC, decline in sales of smartphones in China in the last quarter of 2018 was 9.7%, but for Apple this figure was twice as high - almost 20%. Only Xiaomi feels worse among the market leaders. Thus, there is a tendency in the market when, in the absence of serious differences in the...

Customers of the joint ventures of PDVSA, the state run oil company of Venezuela are being asked to make payments of their dues in an account that has been recently opened at Russia’s Gazprombank AO according to a report published by Reuters citing information from sources.   This move was...

DP World, one of the world's largest port operators, is launching its first project for the high-speed Hyperloop system in India, according to CNBC. Last year, DP World, the state port operator of the UAE, signed a partnership agreement with Virgin Hyperloop One to develop a freight transportation...

One of the largest health care conglomerates in the world Johnson & Johnson has announced that by next month, all of the television advertisements and commercials of its medicines would also carry the price of the medicines. This also makes J&J the first drug manufacturing company to adhere...

In what is being seen as an effort by SoftBank founder Masayoshi Son bridge to what he believes is the gap between the actual value of the company and the market value of the company, the Japanese investment firm has announced a share buyback worth as much as 600 billion yen. This announcement...

Following some of the structural changes to its business being done by Amazon in India to adhere to regulatory changes brought in by the Indian government to limit some e-commerce possibilities, there has been a return of one of the biggest sellers on the e-retailer’s India website, according to...