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OPEC Oil Cut Adherence Rises In Dec As Venezuela Output Slides – Survey

OPEC Oil Cut Adherence Rises In Dec As Venezuela Output Slides – Survey

OPEC deepened compliance with an oil supply-cutting deal in December due to a further decline in Venezuelan output and extra cuts by Gulf exporters, a Reuters survey found, showing strong commitment to the deal despite higher prices. Adherence to the curbs rose to 128 percent from 125 percent in November, the survey found. The United […]

Nigeria Loses Almost Half Its Power Output After Pipeline Fire

Nigeria Loses Almost Half Its Power Output After Pipeline Fire

A fire at a Nigerian pipeline interrupted gas supplies to companies generating more than 3,000 megawatts in Africa’s most populous nation, the government said. The fire at the Escravos-Lagos pipeline owned by the Nigerian National Petroleum Corp. in the southern Edo state required a shutdown of the pipeline supplying gas to the 1,320-megawatt Egbin power […]

Bitcoin Starts New Year by Declining, First Time Since 2015

Bitcoin Starts New Year by Declining, First Time Since 2015

Bitcoin is already having a bad year. For the first time since 2015, the cryptocurrency began a new year by declining, extending its slide from a record $19,511 reached on Dec. 18. The virtual coin fell to $13,624.56 as of 5 p.m. in New York on Monday, down 4.8 percent from Friday, according to data […]

Oil Trades Near Two-Week High After U.S. Stockpiles Plunge

Oil Trades Near Two-Week High After U.S. Stockpiles Plunge

Oil traded near the highest close in more than two weeks after crude stockpiles in the world’s largest economy slid more than forecast to a two-year low.  Futures were little changed in New York after settling on Wednesday at the highest since Dec. 1. U.S. inventories fell 6.5 million barrels last week — more than double the […]

Mining Wins As Chile And South Africa Back Pro-Business Leaders

Mining Wins As Chile And South Africa Back Pro-Business Leaders

  In Chile, the world’s largest copper producer, voters returned billionaire Sebastian Pinera to the country’s presidency, with a promise to reduce corporate taxes and cut red tape. In South Africa — the top producer of platinum and also rich in gold, coal, ferro-chrome, iron ore and other minerals — the ruling party backed Cyril Ramaphosa as […]

Turkey’s TAV Plans Bid For Four Nigerian Airports

Turkey’s TAV Plans Bid For Four Nigerian Airports

TAV Havalimanlari Holding AS, Turkey’s biggest airport operator, is planning to bid for concession contracts for four airports in Nigeria, according to two people with knowledge of the matter. The Istanbul-based company, majority owned by Aeroports de Paris, has already submitted a non-binding bid for the airports, which include those in Lagos and Abuja, the people […]

China’s Top Phone Makers To Challenge Apple On Home Turf

China’s Top Phone Makers  To Challenge Apple On Home Turf

China’s top smartphone makers are ready to challenge Apple Inc. on its home turf after trouncing the iPhone maker in their own market.  Huawei Technologies Co. and Xiaomi Corp. are in talks with U.S. wireless operators about selling flagship smartphones to American consumers as soon as next year, according to people familiar with the matter. The handset makers […]

Housing Getting Worse In Swedish Market

Housing Getting Worse In Swedish Market

Sweden’s housing slump deepened last month as the market struggles to absorb a supply glut and households lose confidence. Nationwide apartment prices declined a monthly 3 percent in November, adding to October’s 1 percent drop, according to data from Svensk Maklarstatistik AB. House prices fell 1 percent in the month, after being unchanged in October.  The […]

Russia’s Largest Phone Carrier Is Taking On Uber

Russia’s Largest Phone Carrier Is Taking On Uber

Mobile TeleSystems PJSC is offering online taxi hailing and medical appointments over video, as Russia’s largest mobile carrier pursues new apps for revenue growth amid stiff wireless price competition.  The carrier made an speedy foray into Russia’s taxi business in October after Uber Technologies Inc. in July agreed to merge its operations into a joint venture with rival Yandex […]

The New Tools For Google Sheets- AI Now Available

The New Tools For Google Sheets- AI Now Available

Artificial intelligence is starting to make a major impact on business tools. This week, Google announced the availability of new AI tools for Google Sheets to help business users with automation and decision making. Another popular business tool, Slack, also announced a new feature this week, albeit a more seasonal one. The platform’s new package […]