A little more than a year after declaring an Islamic caliphate in Iraq and Syria, the extremist group is having a hard time keeping the promises it made to those living in its territory, Newsweek reports.
Once the indisputable ruler of oil markets, the OPEC cartel is under great pressure to revise its current policy as low oil prices are starting to hurt oil exporters' economies and threaten to split the
Brics,US economy,Chinese economy,Brazil,Federal Reserve,Business,Americas,World news,Asia Pacific,Economics,Morrisons,Retail industry,Management,Oil,Global economy Once seen as the ‘decoupled’ vanguards
Nine months after OPEC decided to leave its production target unchanged and pursue market share instead of trying to prop up prices, the group is facing a set of complex problems and decisions going forward.
Washington (CNN) — When he rails against Mexico, China and Japan, Donald Trump sounds more like Bernie Sanders than any of his Republican rivals in the presidential race. As stocks tumble and populist
On August 20, the Koreas exchanged artillery fire along their demilitarized zone, though no one was reported injured. This was followed by North Korea ordering its front-line troops onto a war footing
Back in January, Schlumberger announced that it agreed to acquire a minority stake in Russia's Eurasia Drilling Company, the largest provider of onshore drilling services in Russia, for $1.7 billion. the
China cuts interest rates for fifth time in nine months after recent figures showed exports and manufacturing weakening. China has cut interest rates for a fifth time in nine months in a new bid to shore
Renminbi shift is not the opening salvo in a 1930s-style cycle of "competitive easing" China's biggest currency intervention for more than two decades has jolted financial markets out of their traditional
Chinese growth is slowing, Hong Kong's Hang Seng is officially in a bear market, Greece is heading into elections, and emerging markets around the world are feeling the strain of the strong US dollar.
North Korean leader Kim Jong Unhas ordered troops on the country’s heavily armed border with South Korea to be ready for war, one day after the two countries exchanged artillery fire in a spat over propaganda-spewing
Consumers may cheer the lower prices at the pump, but jobs are being lost in the energy industry across the world America’s oil boom is faltering, and with US crude oil prices hitting lows unseen since
Now that Greece has recieved approval from creditors for its third bailout, we explore the next step in the process Greece has cleared all the political hurdles on its way to a third bailout deal and receive
NEW YORK (Reuters) - Expiring front-month U.S. crude prices settled higher on Thursday in volatile trading after slumping to a fresh 6-1/2-year low as a supply glut and concerns about China’s economy Brent
Australia’s housing market is looking a lot like the US, Ireland and Spain before the global financial crisis. Why aren’t politicians more concerned? Australia’s big four banks are among the largest and
It looks like a toss-up whether the Federal Reserve will hike its benchmark interest rate next month. An account of the Fed's last meeting in July, released Wednesday with the usual three-week lag, indicated
Portable solar systems in rural Mongolia © Dave Lawrence/World Bank First, we need to address "energy poverty" if we want to end poverty. We find that energy poverty means two things: Poor people are least
The current debate over the environment often reaches a fever pitch, which often can cloud the reality of what’s really going on. In partnership with NRG, we scrutinized five persistent myths concerning
A Reddit user uploaded a picture on Monday of a man using a 2 bolivar note to hold an empanada. According to Venezuela's official bolivar-dollar exchange rate, the man using his money as a napkin is wasting
UK inflation is coming. The first reading of inflation in July is out at 9:30 a.m. London time (4:30 a.m. ET), and analysts expect the figure to be flat, with consumer prices up 0% from the same month
1. Turkey's nationalist opposition has rejected a coalition with the ruling AK party— setting the stage for yet more debilitating political gridlock. 2. A hack of the US Internal Revenue Service is more
Stephen King of HSBC warns the world's financial system may not survive another crisis without China as a backstop China’s devaluation of the yuan reveals that the global economy will be without stabilisers