The Organization of the Petroleum Exporting Countries and its allies are closing an agreement to increase their mass oil production by a modest 500,000 barrels a day starting next month, people familiar with the matter said. The deal will mark a compromise between some of the world’s largest manufacturers as …
Read More »In China, the #MeToo case gets its day in court
TAIPAI – A woman who filed a sexual-abuse case against a well-known TV host was ousted by a mob in support of her and China’s #MeToo movement during a Beijing court hearing on Wednesday. The court adjourned around midnight without a verdict. It was not immediately clear when the court …
Read More »Stokes pulls back after Tuesday’s record of the S&P 500
American stocks tumbled on Wednesday, pulling back from Tuesday’s record highs, rising cases of coronavirus and a slowdown in private sector job creation weighed on investor sentiment. The S&P 500 fell 0.3% a day after the benchmark hit its 27th closing record of the year. The Nasdaq Composite also fell …
Read More »Canada’s Covid-19 response will now cost heavily and ignore the deficit
OTTAWA – Canada’s deficit is growing at the fastest rate in developed countries as it seeks to boost its economy during the Covid-19 epidemic. Canadian officials are betting that the aggressive approach will pay off, focus on the number of jobs already received, and argue that the country can finance …
Read More »A secret meeting in the desert between Israeli and Saudi leaders failed to reach a normalization agreement
Riyadh, Saudi Arabia Israeli When Israeli Prime Minister Benjamin Netanyahu traveled to Saudi Arabia last week for a secret night with Saudi Crown Prince Mohammed bin Salman, he and his Washington counterparts long hoped for a normalization deal between the Middle East. Saudi advisers and U.S. officials said rivals had …
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