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

Google to pay $1.1billion settlement to France in fiscal fraud case

Google agreed to pay close to 1 billion euros (an equivalent of $1.10 billion) to French authorities to settle a fiscal fraud probe that began four years ago in a deal that may create a legal precedent for other large tech companies present in the country. French investigators have been seeking to establish whether Google,… Read More Google to pay $1.1billion settlement to France in fiscal fraud case

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

South African businesses shut stores in Nigeria in fear of reprisal xenophobic attacks

South African companies MTN and Shoprite closed stores in Nigeria on Wednesday in the face of attacks targeting their premises in retaliation to similar violence in their home country. Nigeria’s vice president is also boycotting an economic forum in Cape Town on boosting intra-African trade, the country’s foreign minister said, after days of rioting in… Read More South African businesses shut stores in Nigeria in fear of reprisal xenophobic attacks

Seven dead, twenty-two injured following mass shooting in West Texas

A gunman who went on the rampage with an AR-type rifle in West Texas killed seven people and wounded 22 others, including a toddler who was shot in the face, before he was killed by police, authorities said on Sunday. Police said the second mass shooting in Texas in four weeks began on Saturday afternoon… Read More Seven dead, twenty-two injured following mass shooting in West Texas