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Economia

The deal, created to drain record global oil inventories, overcame disagreements between the group's three largest producers - Saudi Arabia, Iran and Iraq - and ended a flirtation with free markets that started in 2014. The oil market erupted as news emerged that OPEC states had actually reached an agreement on an output cap to back the prices. The last time a barrel of oil was above the US$50 mark was on October 24 when it closed at US$50.52.
  • DC Lawmakers to Vote on Generous Paid Family Leave Benefits

    DC Lawmakers to Vote on Generous Paid Family Leave Benefits

    Economia

    California, New Jersey and Rhode Island fund their leave programs either partially or entirely through employee contributions, and NY state will do the same when its program takes effect in 2018. Mendelson took ownership of the issue, moving it to his committee and holding long hearings. For the measure to be passed this legislative session, it will need to pass a first vote on December 6 (supporters of the law are already planning to pack the legislative chamber ) and a second vote on ...
  • Italian Lenders Slide on Vote Worries to Drag Down Europe Stocks

    Italian Lenders Slide on Vote Worries to Drag Down Europe Stocks

    Economia

    According to sources things are only about to get worse with numerous European nations having their main elections next year. Think of the financial assistance to Greece and Portugal, the decision to impose capital control in Cyprus, the refugee crisis, and the rescue of the Spanish banking system, just to mention a few in recent years.
  • Hundreds of Chicago O'Hare workers go on strike

    Economia

    The protest also celebrates the fourth anniversary of the first major Fight for 15 action in New York City. Homecare, childcare, fast food, retail, Uber drivers and airport workers will continue to protest throughout the day, from Los Angeles to MI to Pennsylvania.
  • Letters Threatening Muslims Sent to Four US Mosques

    Economia

    President-elect Donald Trump prepares to welcome a guest at the clubhouse of Trump International Golf Club, in Bedminster, New Jersey, on Sunday, Nov. The Evergreen Islamic Center in San Jose was one of them. The anonymous letter began by addressing Muslims as "the Children of Satan", then continued by way of offensive insults, calling Muslims evil and a "vile and filthy people".
  • Oil continues rally on OPEC & Russia production cut

    Economia

    Oil producing nations on Wednesday agreed on the first joint output cuts by Opec and non-Opec producers in 15 years and the first output cut by Opec since 2008, which pushed crude oil prices by around 10 per cent. The equivalent contracts for U.S. West Texas Intermediate (WTI) crude futures had records of 796,240 lots of 1,000 barrels, reached in April this year, and of 288,460 lots completed in February 2011, respectively.
  • Two U.S. tourists die on Royal Caribbean cruise to Puerto Rico

    Two U.S. tourists die on Royal Caribbean cruise to Puerto Rico

    Economia

    The newspaper claimed one of the men died while the boat was at sea, and the other died after the ship docked at Old San Juan Pier. The men were traveling with their wives. The capsule rotates over the sides of the ships allowing passengers to have breathtaking, 360 videos over the vessel. "The restoration of the confidence in the cruise industry has been key in the process of stabilizing the finances of the authority and for the economic development of Puerto Rico", she said.
  • Oil prices surge as OPEC and Russian Federation agree

    Oil prices surge as OPEC and Russian Federation agree

    Economia

    Nonmember Russia, also pumping at a post-Soviet record, will cut by as much as 300,000 barrels a day "conditional on its technical abilities", Energy Minister Alexander Novak said in Moscow. It didn't really work. For more on crude oil prices, read Part 1 of this series. Higher prices make it more economical to increase drilling. Among the messages implied by OPEC's decision: the battle against shale has been lost.
  • Brent crude surges to $52/bbl after OPEC agrees for output cut

    Brent crude surges to $52/bbl after OPEC agrees for output cut

    Economia

    Iran's arch-rival Saudi Arabia agreed to the largest production cuts, chopping almost half a million barrels from its current 10.5-million-barrel daily output. If you were long oil early Wednesday, then you've received your Christmas gift already, but whether prices will continue to surge higher depends on multiple factors.
  • UBS wraps wealth management business into Frankfurt hub

    Economia

    The world's biggest wealth manager had already stated an attention to funnel the bulk of its European private banking business into one bank, UBS Europe SE, but had not determined where to house the headquarters. While a spokesman for the Swiss bank insisted the decision to pick Frankfurt "had nothing to do with Brexit", the move is nevertheless is a fillip for the German city following the European Union referendum.
  • Greece needs debt relief, eurozone central banker says

    Greece needs debt relief, eurozone central banker says

    Economia

    Moscovici who arrives on Monday in Athens said that " according to the conclusions of the first review and the good progress in the second review, I believe that now the conditions are suitable for the discussions that must be held in the next Eurogroup meeting " adding that "May's agreement defines clearly the next steps, with three packages of measures (long-term, short-term and mid-term) that remain to be agreed".
  • Istat, prosegue il calo delle nascite in Italia

    Istat, prosegue il calo delle nascite in Italia

    Economia

    I nati da genitori non coniugati (quasi 140 mila nel 2015) sono, invece, sempre in crescita . In generale la flessione è anche la conseguenza del calo dei matrimoni registrato nello stesso periodo, circa 52mila nozze in meno tra il 2008 e il 2015.