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Oil prices are falling again. Here’s why

After appearing to bottom out in March, crude oil prices are falling once again.

West Texas Intermediate crude is nearly back below $45 a barrel, and Brent is also scraping the lowest levels since the spring.

So, what’s driving the latest drop?


On the demand side, there is, of course, China—the …

Oil & Gas Industry

G20 countries pay over $1,000 per citizen in fossil fuel subsidies, says IMF

Subsidies for fossil fuels amount to $1,000 (£640) a year for every citizen living in the G20 group of the world’s leading economies, despite the group’s pledge in 2009 to phase out support for coal, oil and gas.

New figures from the International Monetary Fund (IMF) show that the US, which hosted …

Environmental Movement

Death of the Canadian dollar: The five stages of grief

Five stages

The Canadian dollar is under attack on several fronts, from the collapse in oil prices to the different paths being taken by central banks.

The loonie lost about 4 per cent in July, sank to below 76 cents U.S. at one point yesterday and again today, and won’t stop there, according to …


Can we reverse the ageing process by putting young blood into older people?

On an August morning in 2008, Tony Wyss-Coray sat in a conference room at the Veterans Affairs hospital in Palo Alto, California, waiting for his lab’s weekly meeting to begin. Wyss-Coray, a professor of neurology at Stanford University, was leading a young group of researchers who studied ageing …

The Brain

Largest plane in the world to perform test flights in 2016

Microsoft co-founder Paul Allen started planning to build the largest plane in the world in 2011, along with several partners like Elon Musk. Now, that plane called Stratolaunch is already under construction at the Mojave Air and Space Port in California and is even expected to undergo testing as …


New attack infects Macs in seconds, even without internet

Apple computers have always been touted as more secure than other PCs because their firmware couldn’t be penetrated. Unfortunately, that’s no longer true, as a newly created self-replicating worm has shown.

Wired reports that security researchers Xeno Kovah and Trammell Hudson demonstrated a …

Heartbleed Bug

3 Things to Know About Paying Off Student Loan Debt

Not all debts are created equal.

Americans have a total of $1.2 trillion in student loan debt, and the average new 2015 graduate with loans will leave college with a tab of more than $35,000. Student loans are different from many other forms of debt, with special rules and programs having to do with …


Iranians ready to retire 'Death to America'?

(CNN) — When I was 11 years old, I had to stand in a line every morning for half an hour, wave my fist in the air along with other girls at my elementary school in Tehran and chant: "Death to Iraq, death to Israel, death to Britain, death to Russia, death to France, death to Germany, death to …

Middle East

Two horrific killings of children put Israel at a crossroads

Jerusalem (CNN) — Ori and Mika Banki did what no parent should ever face.

On Monday they buried their daughter Shira. She was just 16.

The girl they said was "charming, happy, lively and beloved" has been ripped from their lives.

"With no purpose but with stupidity, evilness and recklessness, her life …

Middle East

You Can Make a $598 Anthro Rug for Just $80

Show of hands: Who here has spent a little *too* much time window shopping at Anthropologie (AKA torturing themselves by pining after luxurious apparel, accessories and home decor with an equally extravagant price tag)? If you haven’t already gathered from our many DIY copycat posts, we can relate. …


The language you speak may affect your ability to get rich

The way you speak about the future could affect your ability to save money.

Oftentimes, the biggest thing holding us back from accumulating wealth is ourselves.

However, there may be another significant factor — one that we can't control: the language we speak.

That's what Keith Chen, behavioral …


Craig ⚫️ Via: @modamasculinatop 👌🏼 All credit to the Photographer/Owner 🎥 #gentlemanchannel #GMChannel #keepitsimple #keepitclean #keepitclassy

Greek markets suffer worst sell-off in history as economy is decimated by capital controls

Bank shares decline by a maximum daily limit of 30pc as investors hammer stocks following five-week trading suspension

Greek markets suffered a bloodbath on Monday, falling by a record 23pc within minutes of the opening bell as investors rushed to sell off stocks during the first full day of trading …

Corporate Finance

The Philadelphia man who beheaded a Canadian hitchhiking robot was caught on video

Have you seen this man?

The video above, obtained by Philadelphia vlogger Jesse Wellens, appears to show the violent death of the hitchhiking robot hitchBOT. Designed by researchers in Canada, it had been traveling down the east coast of the US when it was brutally attacked and decapitated on Aug. 1 …


STOCKS FALL, OIL GETS CRUSHED: Here's what you need to know

Stocks closed the session in the red but above the worst levels of the day, with the energy sector leading losses on the S&P 500. Crude oil prices fell to fresh lows.

First, the scoreboard:

Dow: 17,598.20, -91.66, (-0.52%)• 
S&P 500:
2,098.04, -5.80, (-0.28%)• 
5,115.38, -12.90, (-0.25%)

And now, …


"The Worldwide Credit Boom Is Over, Now Comes The Tidal Wave Of Global Deflation"

If you want a cogent metaphor for the central bank enabled crack-up boom now underway on a global basis, look no further than today’s scheduled


Delta bans shipment of hunted animal trophies

In the wake of Cecil the Lion’s death.

The Internet is still buzzing with reactions to Cecil the Lion’s death at the hands of American dentist Walter Palmer while Palmer was on vacation in Zimbabwe. Reviewers expressed their disgust on Palmer’s Yelp page, Marco Rubio began an argument about the …


Pancreatic cancer urine test hope

A simple urine test that could detect pancreatic cancer much earlier than at present has been developed by scientists.

They found a protein "signature" only present in people with the disease.

Pancreatic cancer is often very advanced by the time it is diagnosed - and only 3% of patients are alive …


Company hails breakthrough in Fukushima nuclear clear-up

The company that operates the stricken Fukushima nuclear plant in Japan, says it has managed to remove a 20-ton fuel handling machine from one of the plant’s reactors.

The Tokyo Electric Power Company, TEPCO, said the operation in reactor three took months of preparation.

The machine was lifted from …

Nuclear Energy

Israel approves jailing Jewish militants without trial after West Bank arson attack

After a Palestinian toddler died in a blaze caused by attackers motivated by revenge, the country approves detention of citizens accused of violence against Palestinians without trial

Israel's security cabinet approved on Sunday the detention of citizens suspected of waging violence against …

Middle East

China's economy in 4 terrifying charts

Australian investment bank Macquarie's "Macro Monday" note on China presents a worrying snapshot of the country's economy.

Headlines have been dominated by the country's recent stock market collapse, which so far hasn't spilled over to the wider economy.

But, as Macquarie points out, that's just one …


14 Phenomenal New Tools For Entrepreneurs & Startup Founders - Page 2 of 2

Gain an understanding of how to read, write and speak the language of programming on your phone through interactive mini-quizzes. It is time to …


Why Two Men Are Walking Every Block in New York City

Baltimore killings soar to a level unseen in 43 years

BALTIMORE – Baltimore reached a grim milestone on Friday, three months after riots erupted in response to the death of Freddie Gray in police custody: With 45 homicides in July, the city has seen more bloodshed in a single month than it has in 43 years.

Police reported three deaths — two men shot …


A boss gave every employee a $200,000 bonus after company was bought out

Nevzat Aydin

Sometimes work is its own reward. Other times, the reward is when your boss gives you a $200,000-plus bonus, as one CEO did for his workers.

Nevzat Aydin is the co-founder and CEO of Yemeksepeti, a Turkish food delivery company that he started with three others 15 years ago. After …


Uber now offers its own car leases to UberX drivers

The on-demand ride company is now issuing flexible leases directly to drivers.

As Uber continues to evolve beyond just dominating on-demand rides, the company is furthering its bets on leasing cars to drivers. Uber announced today a new pilot program, called Xchange Leasing, allowing Uber to …


Here's what I learned from going on more than 100 job interviews in 8 months

"I am a warrior with a warrior spirit!"

This is the phrase I repeated to myself over and over again after I heard my pastor say it one Sunday morning. I quickly rushed home so I could jot it down and hang it up on my wall.

Those seven words helped me stay encouraged through 8 months of unemployment — …

Job Interviews

The 10 Richest People of All Time

A comparison of wealth across history

Who had more money, John D. Rockefeller or Genghis Khan? It’s a simple question with a very difficult answer.

This ranking of the richest people of all time is based on hours of interviews with academic economists and historians. To read more about how the order …

Genghis Khan

Samsung’s Profit Continues To Slide As Its Smartphone Unit Struggles

As the company forecasted earlier this month, Samsung Electronic posted yet another drop in its quarterly profits.

This marks its seventh quarterly decline in a row as the company’s smartphone unit struggles to keep up with competitors like Xiaomi. Sales of its flagship Galaxy S6 and S6 Edge also …


‘Stagefright’ Android Text Message Vulnerability May Affect 950M Devices

A newly discovered security flaw in the Android mobile operating system has been dubbed one of the worst vulnerabilities to date. “Stagefright” could affect around 950 million Android devices.


Stagefright is the name for a system service in Android that processes various media formats,