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Fear not humans: Artificial intelligence to create millions of jobs, predicts PwC

3 hours ago DieselGasoil Comments Off on Fear not humans: Artificial intelligence to create millions of jobs, predicts PwC
Artificial intelligence (AI) and related technologies will generate as many jobs as they displace over the next 20 years, according to a report by audit firm PwC which focused mainly on the United Kingdom. The research found that while AI could displace roughly seven million jobs in the country, it could also create 7.2 million Read More

Wall Street flat as earnings offset tariff threats

22 hours ago DieselGasoil Comments Off on Wall Street flat as earnings offset tariff threats
NEW YORK (Reuters) – U.S. stocks were largely unchanged on Friday as a string of strong earnings led by Microsoft offset escalating trade anxieties driven by U.S. President Donald Trump’s latest salvo of tough China tariff threats. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Read More

Oil set for weekly drop as Trump issues new trade threats

1 day ago DieselGasoil Comments Off on Oil set for weekly drop as Trump issues new trade threats
By Robert Tuttle on 7/20/2018 CALGARY (Bloomberg) — Oil headed for a third weekly loss amid concern escalating trade rows would undercut energy demand, undermining reassurances from Saudi Arabia that it won’t flood global crude markets. Futures pared gains in New York on Friday as President Donald Trump said that he’s “ready to go” with Read More

Baker Hughes second quarter profit misses estimate; outlook upbeat

1 day ago DieselGasoil Comments Off on Baker Hughes second quarter profit misses estimate; outlook upbeat
(Reuters) – Baker Hughes, General Electric Co’s oilfield services arm, on Friday reported a slight profit miss on weaker revenues in its oilfield equipment and turbomachinery businesses, but delivered an upbeat outlook for the second half of the year. FILE PHOTO: A Baker Hughes sign is displayed outside the oil logistics company’s local office in Read More

Saudis pump more oil for Trump, then doubt if it's needed

1 day ago DieselGasoil Comments Off on Saudis pump more oil for Trump, then doubt if it's needed
By Grant Smith and Javier Blas on 7/20/2018 LONDON (Bloomberg) — Under pressure from U.S. President Donald Trump, Saudi Arabia has rushed to boost oil production — only to discover that global markets might not yet need it. The kingdom’s crude output surged the most in three years last month, as Trump demanded his ally’s Read More

Baker Hughes reports slight profit miss, delivers upbeat outlook

1 day ago DieselGasoil Comments Off on Baker Hughes reports slight profit miss, delivers upbeat outlook
(Reuters) – General Electric Co’s oilfield services arm Baker Hughes on Friday reported a slight profit miss on weaker sales in its oilfield equipment and turbomachinery businesses, sending the company’s shares down 2.4 percent. FILE PHOTO: A Baker Hughes sign is displayed outside the oil logistics company’s local office in Sherwood Park, near Edmonton, Alberta, Read More

Russia set to wean economy off US dollar as Washington ratchets up sanctions

1 day ago DieselGasoil Comments Off on Russia set to wean economy off US dollar as Washington ratchets up sanctions
The Russian finance ministry is working on a broad set of measures to protect the country’s economy amid growing pressure from the United States, Kommersant daily reports. The main part of the reforms is a plan to reduce the use of the US dollar in foreign trade transactions in favor of national currencies, according to Read More

Blackstone seeks to boost assets with new fundraising 'super cycle'

2 days ago DieselGasoil Comments Off on Blackstone seeks to boost assets with new fundraising 'super cycle'
NEW YORK (Reuters) – Blackstone Group LP (BX.N), the world’s largest manager of assets such as private equity and real estate, is kicking off a fundraising “super cycle” which could see it manage more than half a trillion dollars in assets, its chairman and CEO Stephen Schwarzman said on Thursday. Blackstone has faced questions from Read More

Boeing wins air show as Airbus gets boost from AirAsia

2 days ago DieselGasoil Comments Off on Boeing wins air show as Airbus gets boost from AirAsia
FARNBOROUGH, England (Reuters) – Boeing (BA.N) claimed victory on Thursday after outselling rival Airbus (AIR.PA) at this week’s Farnborough Airshow, where the world’s largest planemakers repeated last year’s comparable haul of around 900 orders with the help of leasing industry demand. FILE PHOTO: A logo of Airbus is pictured at the entrance of the company’s Read More