oil

Libyan oil fields closed by pipeline shutdowns, force majeure

Pipeline blockades by Libyan militia brigades making economic demands have closed down three oilfields and forced state-run National Oil Corporation to declare force majeure ** at several sites, officials and sources said on Sunday. Six...

US launches China trade policy inquiry

The US has formally launched an investigation into China's policies regarding intellectual property. The top US trade official, Robert Lighthizer, said his office had "determined that these critical issues merit a thorough investigation". The move was...

Alibaba surges while Walmart stalls

Online retail giant Alibaba has again reported strong earnings, posting a 56% rise in quarterly revenue. Net income grew by 94% to 14.7bn yuan ($2.2bn; £1.7bn;) for the three months ending June 30, compared to...

Egg scandal affecting over 15 countries

Fifteen EU countries as well as Hong Kong and Switzerland have received eggs contaminated with the insecticide fipronil, the European Commission says. The commission will hold a meeting with ministers and regulators on 26 September. Its...

Why is the US dollar falling?

The US dollar, long a symbol of American economic might, has fallen steadily this year. The value of the dollar index, which tracks the dollar against six major global currencies, has fallen about 10% since...

Snap shares plunge 14% as losses mount

Snap shares plunged 14% on Thursday after the social media firm reported more than $400m (£310m) in quarterly losses and fewer than expected users. The share price fall extended a decline that started almost immediately...

Toshiba delivers long-awaited earnings

Toshiba has met a deadline to report its long-awaited earnings results, reducing the risk that the firm will be delisted from the Tokyo Stock Exchange. The embattled electronics firm posted a loss of $8.8bn (£6.7bn)...

Facebook introduces new video service

Social media giant Facebook has made a move into dedicated video, pitting it against YouTube and TV networks. Users will soon see a new Watch tab that will offer a range of shows, some of...

Mazda hails more efficient petrol engine

Japanese carmaker Mazda has developed a more efficient petrol engine at a time when the industry steers toward electric vehicles. It said the compression ignition engine was up to 30% more fuel-efficient than its current...
South African

South Africa considering $1 billion bailout for national carrier SAA

South Africa's Treasury is considering a 13 billion rand ($972 million) bailout to keep South African Airways (SAA) going as it battles a mounting cash crunch, Finance Minister Malusi Gigaba said on Friday. The national...
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