Saudi Arabia says oil facility attacks target world supplies

Saudi Arabia, the world's top crude exporter, said Wednesday that attacks on two of its tankers and a major oil pipeline had targeted the security of global crude supplies.Its close ally, the UAE, said it was "committed to de-escalation" after the spike in

FAA grilled again over Boeing 737 MAX crisis

economy, business and finance

The head of the Federal Aviation Administration faced another grilling in Congress on Wednesday following revelations that pilots complained to Boeing about the 737 MAX in the aftermath of the Lion Air crash.The hearing comes amid a near-constant trickle of ne

US nears metal tariffs deal with Canada, Mexico: official

economy, business and finance

US Treasury Secretary Steven Mnuchin said Wednesday that Washington was close to resolving its differences with Mexico and Canada over steel and aluminum tariffs that have created friction among the trading partners.The steep US tariffs imposed last year on na

Walmart reports jump in profit on strong US performance

economy, business and finance

Walmart reported a jump in first-quarter earnings Thursday on higher US store sales and eCommerce growth following heavy investment in new "omnichannel" retail ventures.The world's biggest retailer reported profits of $3.8 billion. That's an increase of 80

US stocks boosted by strong consumer data

economy, business and finance

Wall Street stocks were mostly higher at mid-morning on Friday, largely shaking off trade war-related uncertainty after a report said US consumer sentiment was at a 15-year high.Near 1535 GMT, the Dow Jones Industrial Average was up 0.5 percent at 25,912.75.Th

Facebook breakup could boost China rivals: Sandberg

economy, business and finance

Facebook chief operating officer Sheryl Sandberg said Friday a breakup of big US technology would not address "underlying issues" facing the sector and suggested that such a move could help rivals in China.Sandberg, interviewed on CNBC television, was asked

Joementum: Biden ramps up 2020 bid with wind at his back

economy, business and finance

As the one true known quantity in the Democratic nomination race, former vice president Joe Biden sits atop the pack of 2020 presidential contenders, relishing the prime position as he hosts a kickoff rally Saturday.No one knows whether the man who served as n

'Avengers' star to go under cover in comedy cop flick

economy, business and finance

"Avengers" star Chris Hemsworth is to play an undercover detective in a $40 million comedy about two mismatched cops investigating a series of casino heists, the distributors told media at Cannes on Sunday. Entitled "Down Under Cover", the film has been sn

'John Wick' opens on top as 'Avengers' nears historic mark

economy, business and finance

"Avengers: Endgame" finally yielded the top spot in North American box offices this weekend to the latest "John Wick" action film, but the Marvel Studios/Disney blockbuster edged closer to historic status as the all-time No. 1 grossing film."Avengers" to

Scandal dogs populists as EU vote nears

economy, business and finance

As up to 400 million Europeans prepare to vote for the EU parliament, the populist challenge to the Brussels consensus has been disrupted by scandal.In Austria, the far-right vice-chancellor has resigned in disgrace after falling victim to a hidden camera stin

US judge backs Democrats' request for Trump financial records

economy, business and finance

A US federal judge on Monday denied President Donald Trump's efforts to quash a subpoena from Democratic lawmakers to release years of financial documents dating from before his time in the White House.The decision marked the first time that US courts have w

Israel says eases Gaza fishing restrictions after truce

economy, business and finance

Israel announced Tuesday it had eased fishing restrictions off the blockaded Gaza Strip after a ceasefire with Hamas ended a deadly escalation earlier this month.Israel extended the fishing limit to up to 15 nautical miles, said COGAT, the defence ministry uni

Tarantino back at Cannes 25 years after 'Pulp Fiction'

economy, business and finance

A quarter-century after nabbing the coveted Palme d'Or at Cannes for "Pulp Fiction," Quentin Tarantino is back at the world's top film festival on Tuesday to show his all-star new picture "Once Upon A Time in Hollywood."The mastermind behind hits includi

Brexit scenarios: the paths ahead

economy, business and finance

After British Prime Minister Theresa May on Tuesday offered MPs a series of sweeteners to vote for her deal to leave the EU, where is the process headed?Much will depend on the result of a crucial vote by MPs in the first week of June on a draft law to impleme

Embattled May dangles promise of new Brexit vote

economy, business and finance

British Prime Minister Theresa May vowed Tuesday to give lawmakers a vote on holding a second Brexit referendum as part of her final effort to salvage her hated EU divorce deal.The embattled British leader dangled a package of sweeteners that she hopes can res

US Democratic leader says issues remain on USMCA trade deal

economy, business and finance

Despite removing a key sticking point on the new North American free trade pact, issues remain before Congress will vote to approve it, a top Democratic leader said Tuesday.President Donald Trump this month agreed to remove contentious tariffs on steel and alu

Will FAA's plan for 737 MAX fly outside US?

economy, business and finance

Getting Boeing's top-selling 737 MAX back in the skies faces a critical test this week as the company and US regulators each seek to restore their reputations after two deadly crashes.The US Federal Aviation Administration convened a summit of global aviation

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UN peacekeeper killed in Mali

A Nigerian peacekeeper was killed Saturday in an attack on the United Nations' stabilization mission in Mali, the UN said. The victim "succumbed to his wounds following the armed attack by unidentified assailants" in Timbuktu, a statement said. A Nigerian p

Google and Android system start to cut ties with Huawei

US internet giant Google, whose Android mobile operating system powers most of the world's smartphones, said Sunday it was beginning to cut ties with China's Huawei, which Washington considers a national security threat.In the midst of a trade war with Beiji

Iran urges China, Russia 'concrete actions' to save nuclear deal

Iranian Foreign Minister Mohammad Javad Zarif on Friday urged China and Russia to take "concrete actions" to safeguard the 2015 nuclear deal as he warned of a "dangerous" situation amid escalating tensions with the US.A stand-off between Tehran and Washing

Flow of arms into Libya risks proxy war

Despite a UN embargo, weapons are still flowing into Libya where an assault on the capital by strongman Khalifa Haftar threatens to escalate into a proxy war between regional powers.Haftar, whose self-styled Libyan National Army (LNA) is allied with an adminis

S. Arabia calls urgent Gulf, Arab League meetings over tensions

Saudi Arabia has called for urgent meetings of the regional Gulf Cooperation Council and the Arab League to discuss escalating tensions in the region, the kingdom's official news agency said on Saturday.The Saudi Press Agency (SPA) said King Salman had invite

US tech firms to take hit from Huawei sanctions

The tough sanctions imposed on Huawei by President Donald Trump could deal a blow to the many US firms that make up the Chinese tech giant's supply chain.American firms last year sold an estimated $11 billion worth of components to Huawei, which was put on a

Clarke named as Scotland manager

Steve Clarke was named as the new Scotland manager on Monday, with a brief to turn around their Euro 2020 qualifying campaign after a dismal start.The 55-year-old replaces Alex McLeish on a three-year deal just a day after securing third place in the Scottish

Pope prays as Frenchman's life support switched off

Pope Francis on Monday said "those who live with severe illness" should have life protected until "its natural end", as doctors in France began turning off the life support of a man in a vegetative state."We pray for those who live with severe illness,"

Saudi, UAE see sufficient oil supplies, rising stocks

Oil supplies were sufficient and stockpiles were still rising despite massive output drops from Iran and Venezuela, said OPEC kingpin Saudi Arabia and key producer UAE on Sunday, as oil exporters met in Jeddah. Producer nations gathered to discuss how to stabi

Maximum Security owners sue to overturn Kentucky Derby result

The owners of Maximum Security have filed a federal lawsuit seeking to have the horse reinstated as winner of the Kentucky Derby, several US media reports said on Wednesday.Maximum Security was dramatically stripped of victory in the US horse racing showpiece

US Postal Service to launch test of self-driving trucks

The US Postal Service said Tuesday it would begin its first tests of self-driving trucks to deliver mail between two distribution centers in the southwest.The two-week project is being launched with California startup TuSimple, which will haul postal trailers

A story of fire and ice: Niki Lauda, Formula One legend

On fire in a burning cockpit: Formula One legend Niki Lauda, who died late on Monday at the age of 70, will forever be known for his 1976 accident.But even the horrific crash could not shake the 1975 world champion's icy determination -- he staged a near-mira

Japan survive Sudirman scare after Momota gamble backfires

Japan gambled by resting top-ranked Kento Momota and nearly paid the price, suffering a huge scare before battling back to beat Russia 3-2 in their Sudirman Cup opener on Monday.Top-seeded Japan are bidding to win the mixed-team world championships for the fir

French prosecutors want ex-athletics boss Diack to stand trial: sources

French prosecutors have recommended that the former head of athletics' governing body IAAF, Lamine Diack, and his son stand trial for allegedly delaying doping sanctions against Russia in return for payment, sources told AFP Monday.Prosecutors have recommende