Global oil prices surge following attacks on Saudi Arabia’s Aramco oil plants

An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said the United States was “locked and loaded” to hit back. The Iran-aligned Houthi group that controls Yemen’s capital claimed responsibility for… Read More Global oil prices surge following attacks on Saudi Arabia’s Aramco oil plants

Hamza, son of slain al-Qaeda leader Osama bin Laden, killed in U.S. anti-terrorism operation

Hamza bin Laden, a son of slain al Qaeda leader Osama bin Laden and himself a notable figure in the militant group, was killed in a U.S. counterterrorism operation, President Donald Trump said on Saturday. In a statement issued by the White House, Trump said the operation took place in the Afghanistan-Pakistan region, but he… Read More Hamza, son of slain al-Qaeda leader Osama bin Laden, killed in U.S. anti-terrorism operation

Crude flows disrupted following Houthi drone attacks on Saudi oil plants

Yemen’s Iran-aligned Houthi group on Saturday attacked two plants at the heart of Saudi Arabia’s oil industry, including the world’s biggest petroleum processing facility, in a strike that three sources said had disrupted output and exports. Two sources close to the matter said 5 million barrels per day of crude production had been impacted, close… Read More Crude flows disrupted following Houthi drone attacks on Saudi oil plants

Samsung Galaxy Fold set to go on sale on September 6 in South Korea

Samsung Electronics Co Ltd’s first foldable smartphone, the Galaxy Fold, will go on sale on Friday in South Korea, a source with direct knowledge of the matter said on Wednesday. The highly anticipated device from the world’s top smartphone maker was originally due to hit the U.S. market in April but the launch was delayed… Read More Samsung Galaxy Fold set to go on sale on September 6 in South Korea

Malaysia pursues recovery of nearly $1billion disbursed by former 1MDB subsidiary

Malaysia is pursuing civil action to recover about 4 billion ringgit (an equivalent of $954.65 million) of funds disbursed by a former subsidiary of 1MDB, a now-defunct state fund under investigation for money laundering, the finance minister said on Wednesday. It is the latest action by Malaysian authorities seeking to recover billions of dollars allegedly… Read More Malaysia pursues recovery of nearly $1billion disbursed by former 1MDB subsidiary

Hong Kong leader Carrie Lam withdraws extradition bill following months of protests

Hong Kong leader Carrie Lam on Wednesday withdrew an extradition bill that triggered months of often violent protests so the Chinese-ruled city can move forward from a “highly vulnerable and dangerous” place and find solutions. Her televised announcement came following reports on Friday and Monday revealing that Beijing had thwarted an earlier proposal from Lam… Read More Hong Kong leader Carrie Lam withdraws extradition bill following months of protests