LONDON (Reuters) – OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to agreed reductions under a pact with allies, a Reuters survey found, ending a run of seven consecutive monthly increases.FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado […]

Gulf states will not need to borrow as much as they did last year because their fiscal positions are likely to improve as oil prices and the economy recover, analysts said. "We broadly expect fiscal consolidation over 2021 to 2023 — we think the deficits will be smaller, [and] economic activity will be stronger," said Trevor Cullinan of S&P Global […]

Drugmaker Mesoblast has been forced to go to the market to secure a private placement as it waits for critical milestone payments from partners to come through, having burnt through $77 million in cash in past six months. Shares in the stem cell treatments developer were halted on Friday ahead of details of on an “announcement by the company in […]

FILE PHOTO: A banner for communications software provider Twilio Inc., hangs on the facade of the New York Stock Exchange (NYSE) to celebrate the company’s IPO in New York City, U.S., June 23, 2016. REUTERS/Brendan McDermid(Reuters) – Cloud-communications firm Twilio Inc is in talks to invest as much as $750 million in Syniverse Technologies LLC, the Wall Street Journal reported […]

TOKYO (Reuters) – Japanese companies are ramping up the use of artificial intelligence and other advanced technology to reduce waste and cut costs in the pandemic, and looking to score some sustainability points along the way.FILE PHOTO: Food products are displayed at Lawson Open Innovation center during an event introducing its next-generation convenience store model in Tokyo, Japan December 4, […]

JERUSALEM (Reuters) – Israel approved plans on Sunday to offer COVID-19 vaccines to Palestinians with Israeli work permits, a step a rights group said did not go far enough to safeguard Palestinians in occupied territory.Slideshow ( 3 images )The Palestinians have received relatively few doses to date and lag far behind Israel, which has vaccinated over one third of its […]

FILE PHOTO: A vial and sryinge are seen in front of a displayed Johnson&Johnson logo in this illustration taken January 11, 2021. REUTERS/Dado Ruvic/Illustration/File Photo(Reuters) – A U.S. Centers for Disease Control and Prevention advisory panel is expected on Sunday to recommend Johnson & Johnson’s COVID-19 shot for widespread use, a final clearance for the vaccine after it was authorized […]

Oil prices were last above $100 in August 2014, as the world’s economy surged back from The Great Recession. Short supply from the North Sea and Libya were the other primary culprits. By, February 2015, as more supply came online, crude dropped to $55, slightly below where it is today. Crude as of last week reached $63, a 52-week high, […]

HONG KONG (Reuters) – Forty-seven Hong Kong pro-democracy campaigners and activists were charged on Sunday with conspiracy to commit subversion in the largest single crackdown on the opposition under a China-imposed national security law.Pro-democracy activist Benny Tai arrives to report to the police station over the national security law charges, in Hong Kong, China February 28, 2021. REUTERS/Tyrone SiuAmong them […]