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Pompeo to push Iran pressure campaign, oil sanctions compliance while in India: State official

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Highlights US, other suppliers have alleviated loss of Iranian barrels Trump talks with Saudi crown prince about oil market “stability” Trump says sanctions ‘biting’ after aborted strike Washington — US Secretary of State Mike Pompeo will travel to India next week, but will offer no relief from oil sanctions to what was a top Iranian Read More

Citi hires slew of senior bankers away from rivals

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FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo (Reuters) – Citigroup Inc has hired a slew of senior bankers from rivals as it looks to bolster its investment bank, the bank said on Friday. The New York-based Read More

Energy products are key inputs to global chemicals industry

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June 21, 2019 Source: U.S. Energy Information Administration, based on World Input-Output DatabaseNote: Dollar values are expressed in 2010 U.S. dollars, converted based on purchasing power parity. The industrial sector of the worldwide economy consumed more than half (55%) of all delivered energy in 2018, according to the International Energy Agency. Within the industrial sector, Read More

UK PM front-runner Johnson pledges to ‘end the digital divide’ by 2025

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Boris Johnson, leadership candidate for Britain’s Conservative Prime Minister, leaves home in London, Britain, June 15, 2019. REUTERS/Toby Melville LONDON (Reuters) – Boris Johnson, the front-runner to replace Prime Minister Theresa May, pledged on Sunday to “end the digital divide” in Britain with the rollout of full fiber broadband by 2025. Using his column in Read More

Long-awaited London-Shanghai share listing project goes live

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FILE PHOTO: People check their mobile phones as they stand outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls/File Photo LONDON (Reuters) – Companies listed in Britain will be able to sell shares in China on Monday with the launch of a long-awaited London-Shanghai Stock Connect project that Read More

Does Amazon really pay no taxes? Here’s the complicated answer

1 week ago DieselGasoil Comments Off on Does Amazon really pay no taxes? Here’s the complicated answer
(Lisa Werner/Getty Images) Democratic presidential candidates have seized on reports thatAmazon.com Inc. paid no 2018 federal taxes as they press for changes in the tax system. A closer look at the internet giant’s tax disclosures over several years paints a more complicated picture: Amazon has paid income taxes somewhere, albeit at a low rate, likely helped by Read More

Romeo and Juliet director dies

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By Alan McGuinness, news reporter Revered Italian director Franco Zeffirelli, famed for a film adaptation of Romeo and Juliet and for staging extravagant opera productions, has died aged 96. He passed away at his home in Rome, his son Luciano said, adding he “had suffered for a while, but he left in a peaceful way”. Read More

Jordan Peterson’s radical ‘anti-censorship’ platform promises free speech – but can it deliver?

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Controversial psychologist and author Jordan Peterson has launched a new “anti-censorship” social media platform that promises to be an alternative to Facebook and Twitter, but what exactly is it – and could it really work? Thinkspot, a subscription-based service, is meant to be a radical alternative to the major social media platforms and, Peterson told Read More

Biden criticizes Amazon for not paying federal taxes in 2018

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WASHINGTON (Reuters) – Democratic presidential hopeful Joe Biden on Thursday took umbrage with e-commerce giant Amazon.com Inc’s $0 federal tax bill in 2018 and said no company making billions in profits should pay a lower tax rate than firefighters and teachers. FILE PHOTO: Democratic 2020 U.S. presidential candidate and former Vice President Joe Biden speaks Read More

U.S. green groups ramp up legal attacks on federal oil leases

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(Reuters) – U.S. environmental groups fighting fossil-fuel development made headlines years ago with public demonstrations against big pipeline projects including the Dakota Access and the Keystone XL – only to be steamrolled by President Donald Trump’s executive orders to approve them. FILE PHOTO: A horizontal drilling rig on a lease owned by Parsley Energy operates Read More