Woody Mataele

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Saudi will only freeze output if others do: Bloomberg | Reuters

DUBAI (Reuters) - Saudi Arabia will only freeze the level of its oil production if all other major producers, including Iran, do so, Bloomberg reported on Saturday, citing Saudi deputy crown prince Mohammed bin Salman.<p>Fuel price and last sale of fuel is seen on a fuel pump during early hours in …

Oil

Finance leaders pledge forceful response to boost economy

WASHINGTON (AP) — Finance officials on Saturday pledged a more forceful effort to stimulate a sluggish global economy.<p>The hope is that stronger …

Economy

Pentagon chief: US eyes ways to step up Islamic State fight

AL-DHAFRA AIR BASE, United Arab Emirates (AP) — U.S. Defense Secretary Ash Carter said he will talk with his commanders in the coming days to …

Middle East

Obama officially backs FCC’s new initiative for cable box competition

In February, the FCC voted in favor of loosening cable’s grip on set-top boxes. Today, President Obama offered a show of support to the initiative that sought to give consumers greater control of how they access their favorite channels.<p>The “Unlock the Box” initiative sought to encourage competition …

Net Neutrality

Google updates Chrome Web Store user data policy, will remove violating apps and extensions on July 15, 2016

Google today updated its User Data Policy for the Chrome Web Store to “ensure transparent use of the data in a way that is consistent with the wishes and expectations of users.” The company has already started notifying developers and is giving them three months to comply: Starting on July 15, …

Iran Pushes U.S. for More Access to Global Financial System

(Reuters) – Iran’s main goal in its nuclear talks with world powers was to secure access to the global financial system, and the United States must …

Apple claims FBI hasn’t exhausted all options to hack Brooklyn iPhone

Apple is pushing back against the federal government’s demands to unlock another iPhone, this time related to a drug case in Brooklyn.<p>In a new filing posted on Friday, the iPhone-maker has asked a New York judge to dismiss the federal government’s appeal against Apple, claiming the DoJ has not …

Privacy

Iran will reportedly not attend the oil freeze talks in Qatar

Producers are struggling with low oil prices and an oversupplied market but have been loath to cede market share by cutting output.<p>Instead, OPEC members Saudi Arabia, Qatar and Venezuela reached a preliminary agreement with Russia in February to freeze production at January levels.<p>They will seek …

A British politician says Barack Obama is the most anti-British president ever

Ahead of President Obama's upcoming visit to the country, a prominent British politician has dubbed the American leader the most "anti-British" U.S. president in history.<p>“Mercifully, this American president, who is the most anti-British American president there has ever been, won’t be in office for …

United Kingdom

Saudi Arabia says it can flood the oil market with over 1 million extra barrels right away

Immediately.<p>Deputy Crown Price Mohammed bin Salman said The Kingdom could increase output to 11.5 million barrels a day right away, and up to 12.5 million within six to nine months "if we wanted to."<p>"I don't suggest that we should produce more, but we can produce more," he said.<p>"We can produce 20 …

Verizon workers: 'Why I'm on strike'

At least 36,000 Verizon workers have been on strike since Wednesday after failing to reach a new labor agreement by the contract's deadline.<p>Among the union workers' list of complaints: the offshoring of thousands of jobs to workers abroad, outsourcing work to low-wage, non-union contractors and the …

Verizon