U.S. oil inventories dropped unexpectedly for the week - down 0.6% to 413.4 million barrels. U.S. commercial oil inventories (excluding strategic reserves) decreased by 2.5 million barrels, or 0.6%, to 413.4 million barrels for the week ended March 18, according to a weekly review by the Energy...

The United States has agreed to reduce Trump-era tariffs on steel and aluminium shipments to the United Kingdom, eliminating a point of contention between the allies.   The action comes after previous agreements with the European Union and Japan over the divisive taxes imposed by former...

Inflation in the United Kingdom hit 6.2 per cent in February, the highest level since March 1992, as rising food, fuel, and energy prices exacerbate the country's cost-of-living crisis.   The Consumer Price Index for February was higher than the 5.9 per cent annual rate expected by experts...

This week, EU leaders may agree on joint purchases of gas and liquefied natural gas (LNG), Reuters reports, citing a draft statement from the summit. "Member states and the commission will work urgently on cooperative purchases of gas, LNG, and hydrogen ahead of next winter," the agency noted,...

Although the transition to electric vehicles may pose an existential danger to providers of combustion engines, auto parts companies like TE Connectivity face the problem of keeping up with demand.   It creates the connectors that connect miles of wires in automobiles to everything...

An increasing number of crypto users who are looking out for more secluded transactionsw think that bitcoin is just not anonymous enough for them.   As bitcoin matures and moves closer to mainstream banking, a risky category of crypto dubbed as privacy coins has discreetly been making...

China's President Xi Jinping may be forced to decide to choose between a long-standing lucrative trading relationship with the West and a developing strategic connection with Moscow, following a warning from the US President Joe Biden to China of "consequences" if any aid...

According to a newspaper report, a call for fresh talks and negotiations on a free trade agreement between the European Union and the United States has been issued by Germany's finance minister. This call is being viewed as an effort to restart talks over the trade deal that was...

The American central bank, the  the Federal Reserve, ultimately raised its short-term interest rates by a quarter of a percentage point, signalling that it will further raise the rates even higher in the coming months to address rising rates of inflation. It...