Friday 31 July 2015
 
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Qatar Airways refutes subsidy allegations by US carriers

Qatar Airways has fully refuted the subsidy allegations levelled against it by the Big 3 US carriers in a ‘White Paper’ it submitted to the US government. The detailed submission comprehensively addressed and answered

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FB drone ‘ready for real-world testing later this year’

Facebook announced on Thursday it has completed building its first full-scale drone, which has the wingspan of a Boeing 737 and will provide Internet access to the most remote parts of the world. The company said it will test it i

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US oil storage becomes big business

Commercial crude stocks across the United States rose by 105 million barrels early this year to peak at 490 million barrels, the highest level in eight decades. Despite some draw downs in recent weeks, which have reduced inventori

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Dollar, US yields rise on rate-hike prospects

The dollar traded near weekly highs and US Treasury yields rose on Thursday as US gross domestic product data showed a pick-up in consumer spending and encouraged bets that hikes in US interest rates will start as soon as September.

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Oil prices fall on Opec’s ‘no production cut’ comment

Oil prices fell in Asian trade on Friday as concern over global oversupply intensified after the head of oil producers' cartel Opec indicated there would be no cut-back in production, although a fall in the US dollar put a floor under prices

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Bahrain taken off US human trafficking watch list

Bahrain has been removed from a US human trafficking ‘watch list’ and praised for its ‘significant efforts’ in preventing the illegal practice. The latest US State Department Trafficking in Persons Report,

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US plans to end Cuba travel and trade restrictions

Republican and Democratic US senators were to introduce amendments to a Senate bill on Thursday that would end some major US restrictions on travel and trade with Cuba, according to documents seen by Reuters. The measures being put forw

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Oil falls to lowest close since March, down a 4th week

Brent and US crude futures settled on Friday at their lowest since March and posted their fourth straight weekly decline as weak economic data from China and a rise in US oil drilling rigs applied pressure. US energy firms added 2

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Al Qaeda operational commander killed in US air strike

A US air strike in Afghanistan has killed a high-ranking Al Qaeda operational commander, the US military said on Friday. The US military named the target of the strike as Abu Khalil Al-Sudani, saying he was killed in a July 11 str

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Yemen's ex-president in rare talks with UAE, US, UK

Representatives of Yemen's ex-leader Ali Abdullah Saleh have held rare meetings with diplomats from his adversaries the United States, United Arab Emirates and Britain, a member of his party said on Thursday. Diplomats and Yem

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