The British Chancellor of the Exchequer, Philip Hammond, announced on Sunday that he would resign if Conservative leader candidate Boris Johnson is elected as next British prime minister on Wednesday. “I intend to resign after prime minister’s questions on Wednesday”, Hammond told the BBC’s Andrew Marr Show. Hammond’s announcement came just before foreign office minister […] Read more
Once one of three factories producing uniforms for the Vietcong, economic pressures over the decades have seen the “X40” factory in Vietnam change the products it makes to mass-produced garments for the US Olympic team and Nike sportswear. A factory goes from Viet Cong to Team USA X40 was the code name for a factory […] Read more
With manufactured burgers and chicken already produced across the world, Aleph Farms is seeking to tap into consumers’ increasing awareness of health, environmental and ethical concerns related to eating meat. The steak was developed from a small number of cells extracted from a cow. The company has said that they do not slaughter the animal […] Read more
Five boats believed to belong to Iranian Revolutionary Guards approached a British oil tanker in the Gulf on Wednesday and asked it to stop in Iranian waters close by, but withdrew after a British warship warned them, U.S. officials said. Britain’s Ministry of Defence had no immediate comment. The incident occurred almost a week after […] Read more
British companies are more worried about Brexit than at any time since the 2016 referendum decision to leave the European Union and they plan to reduce investment and hiring, a survey of chief financial officers showed on Monday. The survey conducted by Deloitte, a financial advisory firm, found that 83% of the CFOs believed that […] Read more
France’s central bank governor told CNBC Saturday that monetary policy cannot compensate for trade tensions, and political leaders need to act in order to fend off today’s economic threats. Speaking to CNBC’s Annette Weisbach at an economic conference in Aix-en-Provence in southern France, François Villeroy de Galhau underlined that the main threat to global growth […] Read more
President Vladimir Putin said Russia is ready to restart discussions with the U.S. over arms control and denied that the collapse of a significant nuclear missile treaty between the two nations would prompt an arms race. Putin said Thursday there had “recently been signs that Washington is beginning to consider resuming bilateral dialogue on a […] Read more
Russian Energy Minister Alexander Novak said non-OPEC producers had agreed to a nine-month rollover of supply cuts, according to multiple media reports Tuesday, ratifying a policy designed to prop up oil prices amid a weakening global economy. It comes less than 24 hours after energy ministers from the world’s most powerful oil-producing nations thrashed out […] Read more
A deal is now subject to approval from non-OPEC allies at a meeting on Tuesday, with Iraq’s oil minister saying he did not anticipate any complications. Iranian Oil Minister Bijan Zanganeh told reporters he had “no problem” with supporting oil supply cuts by nine months. OPEC is set to debate an extension of oil production […] Read more
President Donald Trump told Russian President Vladimir Putin on Friday not to meddle in the U.S. elections, appearing to make light of a scandal that had led to a two-year investigation into his campaign’s contact with the Kremlin during the 2016 elections. Asked by a reporter whether he would raise the issue during a bilateral […] Read more
