Brent oil prices fell on Wednesday, dropping below $30 a barrel to touch $29.96 for the first time since April 2, 2004.
Archives
Brent Oil price down to $28 as Iran increases output amid global glut
Brent oil drops to $28 per barrel as Iran increases production and exports after international sanctions against the country were lifted.
Honda recalls 22,000 Shadow motorcycles due to faulty bank angle sensor
Honda recalls 22,142 Shadow motorcycles modelled from 2010 to 2015 due to unsafe position of bank angle sensor and joint connector wires.
Michigan reports 10 deaths due to Legionnaire's disease as lead-contaminated drinking water infects Flint
Michigan county officials declared a state of emergency due to the increasing cases of Legionnaires' disease over the past year amidst the growing concern over the area’s water supply.
China Crackdown: At Least Seven Human Rights Lawyers Are Still Detained Over "Subversion"
After a massive activism crackdown in July 2015, at least seven human rights lawyers were still in custody. One of them is founder Beijing Law Firm Fengrui, and the other lawyers are employees of the law firm. They are most likely to face trial for the subversion accusation.
Latest News
The BT Group deal concluded smoothly when the British Competition and Markets Authority gave its go-ahead. The verdict brought together two huge customer bases under the same roof, which can potentially make BT the largest provider of mobile, home telephone, internet and TV services in the United KIngdom.
Oil price fell below $30 a barrel on international market for the first time since 2004. The $30 mark is both a psychological and financial threshold. Brent crude, used as an international benchmark, fell as low as $29.96, but bounced back to trade at $30.22
The president of Russia, Vladimir Putin, announced that his country had found two vaccines to cure Ebola. However, the announcement has drawn some skepticism among experts who have previously developed other vaccines for Ebola.
The lower oil prices are forcing rig operators to reduce their activity in North Dakota. The number oil rigs operational fell to 49 indicating the lowest since August 2009. The number of oil rigs is expected to further drop to 30 this year. There're concerns over possible bankruptcies following the decline in oil drilling North Dakota.
Airbus Group's corporate venture capital fund Airbus Ventures has announced its first investment that was extended to a Phoenix-based Local Motors Inc. Airbus Ventures is keen on startups in the aviation industry that support Airbus business strategy. Local Motors Inc develops open source designs for building cars, helicopters and airplanes.
Majority of e-Commerce startups are running below expectations. Some of them sold for a fraction of their previous valuations. Groupon, One Kings Line and Wish.com were few examples that give insight of what's happening.
BMW reveals its new M2 at the 2016 Detroit Auto Show. The car is priced at $52,695, and a $995 destination charge.
Popular wine mobile app Vivino raised $25 million in Series B round to expand its operations in top wine consuming countries in the world.
The Australian search team looking for the missing Malaysian Airline MH370, which disappeared almost two years ago, found another shipwreck that dates back 200 years ago. They still haven’t found the aircraft.
