SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) dropped plans to let iPhone users fully encrypt backups of their devices in the company’s iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuters. The tech giant’s reversal, about two years ago, has not previously been reported. …
LONDON (Reuters) – Oil prices fell on Wednesday as an International Energy Agency (IEA) forecast of a market surplus in the first half of 2020 outweighed concerns about disruptions that have slashed Libya’s crude output. Brent crude LCOc1 was down 43 cents, or 0.7%, at $64.16 a barrel at 0941 GMT. West Texas Intermediate CLc1 …
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MOSCOW (Bloomberg) – For the first time in Russia’s alliance with OPEC, the country is changing the way it makes oil-production cuts. This quarter, Russia — one of the architects of the original deal to curb oil output between the Organization of Petroleum Exporting Countries and its allies — will be allowed to exclude a …
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BEIJING (Reuters) – – The death toll from a mysterious flu-like virus in China climbed to six on Tuesday as new cases surged beyond 300 and authorities fretted about the added risk from millions of Chinese travelling for the Lunar New Year holiday. Round the world, airports tightened screening of travellers from China as officials …
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United States President Donald Trump said that he is “serious” about imposing tariffs on products from the European Union, and especially auto imports, unless Washington and Brussels reach a trade deal. The US president also stated that he warned France he would be prepared to tariff its wine with 100% and noted that the threat …
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Intervention comes as overnight repo totaling $58.6 billion and 14-day repo totaling $32.2 billion The Federal Reserve added $90.8 billion in short-term money to financial markets Tuesday. The Fed added money in two repurchase-agreement operations, or repos. The overnight intervention added $58.6 billion, while a 14-day repo added $32.2 billion. In both cases, eligible banks—called …
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Sunday, 19 January Forces loyal to eastern commander Khalifa Haftar have shut off production at all Libya’s major oil fields, an escalation that threatened to strangle the country’s finances and overshadowed an international peace summit in Berlin on Sunday. U.N. envoy hopes for, but cannot predict, speedy reopening of Libya oil ports 01:14 The United Nations …
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https://www.straitstimes.com/sites/default/files/js/js_YAjn4n9Kea5C0PuYq_Qy27c7FRBUuL73Ch0hsL-5A7I.js Iran will review its cooperation with the United Nations’ nuclear watchdog should it face “unjust” measures, Iranian parliament speaker Ali Larijani said, after EU powers last week triggered a dispute mechanism under Tehran’s 2015 nuclear deal, reported Reuters. The move by France, Britain and Germany amounts to formally accusing Iran of violating the terms …
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The price of palladium continued to surge on Friday by breaking a new record, setting the price of the commodity above the $2,400 mark. The surge in the price of the metal most widely used in the auto industry comes amid growing demand in the sector as a result of tighter emissions regulations that kicked …
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The start-up of the massive Johan Sverdrup oilfield sent Norway’s oil production rising to a nine-year high in December 2019, beating the authorities’ forecast by 12.7 percent, data from the Norwegian Petroleum Directorate (NPD) showed on Friday. In December 2019, the third month of operation of Equinor’s Johan Sverdrup oilfield in the North Sea, …
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