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OPEC faces output balancing act over US-Iran crisis

London, United Kingdom | AFP |  OPEC is on red alert over escalating US-Iran tensions that fuelled strong oil-price gains — but the cartel and other crude-producing nations are unlikely to end output cuts at a meeting Tuesday. The Organization of the Petroleum Exporting Countries, a cartel of 14 countries pumping …

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Europeans on alert as heatwave intensifies

Berlin, Germany | AFP |  Europe’s record-breaking heatwave was forecast to intensify  Thursday, with authorities on alert as temperatures threaten to surpass 40 degrees Celsius in some regions. The stifling heat has prompted traffic restrictions in France, sparked forest fires in Spain and fanned debate in Germany over public nudity as …

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Game console makers oppose China tariffs

Washington, United States | AFP | Game console makers Microsoft, Sony and Nintendo have joined forces in opposing expanded tariffs on China, saying the plan would make their products unaffordable for the coming holiday season. In comments filed with the US Trade Representative, the three firms said President Donald Trump’s threat …

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Robots to take 20 mn jobs, worsening inequality: study

Washington, United States | AFP | Robots are expected to take over some 20 million manufacturing jobs worldwide by 2030, extending a trend of worsening social inequality while boosting overall economic output, a new study shows. The forecast set to be released Wednesday highlights growing concerns that automation and robots, …

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