Global Stock Rally Loses Steam As Sliding Oil Prices Weigh On Investor Sentiment
Oil prices, which had recovered over the past two days, were pulled down by news of oil workers in Kuwait calling off their three-day strike.
Dutch Court Strikes Down $50B Yukos Damages Award; Former Shareholders Vow To Appeal
A Dutch court on Wednesday struck down a July 2014 ruling that ordered Russia to pay $50 billion in damages to former shareholders of the now-defunct Yukos oil company.
India Says 330 Million People Reeling Under Severe Drought Triggered By Heat Wave, Low Monsoon Rains
Nearly 330 million people in the country have been affected by severe drought triggered by a heat wave and scanty monsoon rains.
Obama Heads To Saudi Arabia To Face Uneasy Middle East Allies
In Riyadh, the U.S. president faces a daunting task — mending strained relations with America’s traditional regional ally.
NASA’s Fermi Telescope Detects Short Gamma-Ray Burst Possibly Linked To Gravitational Wave Discovery
NASA announced Monday that its Fermi Gamma-ray Space Telescope had detected a brief flash of high-energy X-rays, possibly coming from a gravitational wave source.
Global Stocks Rise After Oil Prices Stabilize; European Equities Hit 3-Month High
Asian and European equities surged Tuesday as a recovery in oil prices boosted investors' risk-taking appetite.
AB InBev Accepts Japanese Brewer Asahi’s Offer To Buy Peroni, Grolsch And Meantime Brands
Although terms of the deal were not disclosed, Asahi had earlier made a binding offer of $2.8 billion for the three brands.
John Kerry To Meet Iranian Foreign Minister Mohammad Javad Zarif Amid Concerns Over Sanctions Relief
During their meeting Tuesday, John Kerry and Javad Zarif are likely to discuss concerns aired by Iran over the perceived lack of relief from international sanctions.
Goldman Sachs Group Inc. (GS) Expected To Report Dip In Q1 2016 Profit, Revenue
Much like its peers, Goldman’s investment banking unit has been hurt by the near-simultaneous decline in bonds, stocks and oil prices, and low interest rates in the U.S.
Koh-i-Noor Diamond, Part of UK’s Crown Jewels, Belongs To Britain, India Says
The diamond, part of the crown jewels of the U.K., has long been at the centre of disputes, with at least four countries claiming ownership.
Philippine Presidential Candidate Rodrigo Duterte Sticks To His Guns Over Rape Remark Despite Widespread Condemnation
Rodrigo Duterte, who is currently ahead of his rivals in opinion polls, recently commented on the rape and murder of an Australian missionary in Davao in 1989.
North Korean, Western Scientists Collaborate To Analyze Risk Of Mount Paektu’s Possible Eruption
Sacred Mount Paektu, which last erupted in 1903, is a potentially hazardous volcano straddling the border between China and the Korean Peninsula.
ISIS Income Plummets As Oil Revenue, Tax Base Dwindle
The militant group's monthly revenue stood at $56 million in March, down from $80 million in mid-2015, according to a new report by IHS.
UK Treasury Chief Lays Out Economic Cost Of Brexit, Says It Would Leave UK ‘Permanently’ Worse Off
If the U.K. votes to leave the 28-nation European Union, it would leave each household in the country $6,100 poorer every year, the British Chancellor of the Exchequer warned.
Distant Space-Time Warp May Be Hiding Clues To Composition Of Dark Matter
A distant "Einstein Ring" — a product of gravitational lensing — may provide scientists some much-needed clues to the nature of dark matter.
Panama Papers Fallout: 5 EU Nations Agree To Share Information On Offshore Companies, Trusts
Under the deal announced Thursday, tax authorities in the U.K., Spain, Italy, France and Germany will share data on owners of offshore companies.
NASA’s Cassini Spacecraft Analyzes Dust From Beyond The Solar System
NASA and the European Space Agency announced Thursday that the Cassini spacecraft had detected “faint but distinct” evidence of dust from beyond our solar system near Saturn.
Canadian Government Introduces Bill To Legalize Physician-Assisted Suicide
The government introduced a bill in parliament that aims to legalize physician-assisted suicide for people suffering from “grievous and irremediable” medical conditions.
IMF, World Bank Spring Meeting To Begin In Washington Amid Looming Global Growth Fears
The three-day meeting, which begins Friday, comes at a time when risks to global economic growth have intensified.
Century-Old Photographic Found To Contain Earliest Evidence Of Exoplanets
New research reveals that in 1917, an astronomer detected an exoplanet orbiting the van Maanen’s star — a white dwarf located nearly 14 light-years from Earth.
China Q1 2016 GDP Growth Expected To Hit Multiyear Low Despite Recent Signs Of Stability
In the three-month period ending March 31, the world’s second-largest economy is estimated to have grown at a relatively sluggish pace of 6.7 percent.
BlackRock, Inc (BLK) Reports Q1 2016 Earnings, Revenue Comes In Below Expectations
The asset management firm, which has consistently outpaced its peers, also reported a 20 percent drop in profits compared with the same period in 2015.
Bank Of England Keeps Key Interest Rate Steady At 0.5% As Brexit Uncertainty Looms
Low inflation and the prospect of Britain’s exit from the European Union were factors in the BoE’s decision, which was widely expected.
Fitch Cuts Saudi Arabia’s Credit Rating As Cheap Oil Continues To Hurt Revenue
The ratings agency cited “major negative implications” of the drop in global oil prices as a reason for downgrading the oil-rich nation’s sovereign credit rating.
EU To Crack Down On Tax Havens, Unveil Proposal To Increase Tax Transparency
If the proposal — to be unveiled Tuesday by the European Union — is approved, it will force companies to provide a country-by-country breakdown of profits and taxes.
NASA’s Planet-Hunting Kepler Spacecraft Recovers From Emergency Mode
The spacecraft, which was launched in 2009 and has since discovered over 1,000 exoplanets, entered an emergency mode last week.
Human Embryo Genetic Modification: Chinese Researchers Report Another Attempt At Controversial Procedure
A year after a group of Chinese researchers stoked controversy by tweaking a gene in a human embryo, another team reported using the same technique to create HIV-resistant embryos.
IMF Likely To Trim 2016 Global Growth Forecast As Headwinds Persist
The International Monetary Fund, led by Christine Lagarde, forecast a “gradual” global growth of 3.4 percent for 2016 — a projection that is likely to be trimmed.
China’s HNA Group To Acquire Swiss Airline Caterer Gategroup (GATE) For $1.5B
The deal to buy Zurich's Gategroup would help the Chinese conglomerate, which owns Hainan Airlines, expand its footprint in the global aviation industry.
NASA’s Planet-Hunting Kepler Spacecraft Runs Into Trouble 75 Million Miles From Home
The space telescope, which has, since its launch in 2009, discovered over 1,000 exoplanets, is currently functioning in an emergency mode.