World Coronavirus Dispatch: US says two in China stole vaccine data

The United States has charged two suspects in China for taking coronavirus research information. As indicated by the Justice Department, the couple focused on organizations taking a shot at immunizations as a component of a more extensive cybertheft crusade to advance themselves and help the Chinese government. The allegations likewise came days after the US and associated nations blamed Russia for attempting to take data on immunization improvement. Peruse progressively here
How about we take a gander at the worldwide measurements:
Absolute Confirmed Cases: 15,511,157

Change Over Yesterday: 271,352
Absolute Deaths: 633,396
Absolute Recovered: 8,813,886
Countries hit with most cases: US (4,038,748), Brazil (2,287,475), India (1,288,108), Russia (793,720) and South Africa (408,052)
Source: Johns Hopkins Coronavirus Research Center
In US, around 30 million specialists guarantee jobless advantages: On Thursday, US's Labor Department detailed that the absolute number of individuals asserting joblessness protection for the week finishing July 4 equalled 31.8 million. The genuine figure is more like 30 million, about one out of each five laborers. Peruse progressively here
Pfizer gets $1.95 billion to Produce coronavirus immunization by the end of the year: The Trump organization on Wednesday declared an almost $2 billion agreement with Pfizer and a German biotechnology organization for 100 million dosages by December. This is a piece of Warp Speed venture, through which the US has placed cash into in excess of about six endeavors. Peruse increasingly here
China's twenty to thirty year olds drink more milk to help safe framework: China is pushing individuals to drink more milk to get more protein, and lift the body's safe framework. Guardians "ought to get ready enough milk and eggs each morning for your youngsters… no congee ought to be permitted as breakfast," said Zhang Wenhong, a famous specialist. The remark set off a discussion via web-based networking media about the need to support resistance. Peruse increasingly here

Rheumatoid Arthritis Drug may battle serious Covid-19: French investigation involv

21 US sailors hospitalised after fire on board Navy vessel in San Diego

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At any rate 21 US Navy Sailors have endured wounds after a fire broke out on board a naval force vessel positioned at a maritime base in the city of San Diego.
"Seventeen Sailors and four regular people are being treated for non-hazardous wounds at a nearby clinic," the US Navy said in an announcement.
The mariners on the USS Bonhomme Richard had "minor wounds" from the fire and were taken to a medical clinic, Lt. Cmdr. Patricia Kreuzberger disclosed to CNN before Sunday.
There were 160 individuals on board when the fire began, as per the Naval Surface Forces.
All team individuals have securely emptied the vessel and all are represented, the maritime armada said in a prior Tweet, Sputnik tweeted.
The purpose behind the fire is yet to be learned. Beginning reports from the boat demonstrate it began in the well deck, as per a safeguard official.

(Just the feature and image of this report may have been improved by the Business Standard staff; the remainder of the substance is auto-produced from a coordinated feed.)

Boeing messages disclose 'very disturbing picture' of 737 Max planes

Election News
A new batch of messages between Boeing Co. employees on the development of the 737 Max paints a “very disturbing picture” of concerns about the plane, according to an aide to a House committee.The documents were turned over to the Federal Aviation Administration on Monday, the agency said in a statement. The disclosure came the same day that Boeing ousted its chief executive officer.
At least some of them were written by the same Boeing pilot whose 2016 messages were released in October and were the subject of sharp questioning by lawmakers, according to a person familiar with their contents who wasn’t authorized to discuss them.The communications haven’t been released publicly. The staff of the Transportation and Infrastructure Committee are still reviewing the messages and didn’t provide specific details about what they contain.
“But similar to other records previously disclosed by Boeing, the records appear to point to a very disturbing picture of both concerns expressed by Boeing employees about the company’s commitment to safety and efforts by some employees to ensure Boeing’s production plans were not diverted by regulators or others,” a committee aide said in a statement.
“The committee will continue to review these and other records provided by Boeing as part of the committee’s ongoing investigation,” the aide said.
Boeing brought the emails to the FAA and Congress “as part of our commitment to transparency with our regulators and the oversight committees,” the company said in a statement.

“As with prior documents referenced by the committee, the tone and content of some of these communications does not reflect the company we are and need to be,” the company said. Boeing has made changes to enhance safety, it said....Read More

US, EU top carbon polluters, must pay 54% of climate action costs: Report

International News
Another report by in excess of 100 common society associations holds the United States and the 27-nation coalition European Union liable for 54% of the expense of environmental change adjustment and alleviation.
Featuring the issue of value, the report considers the US and the EU answerable for the bigger piece of authentic emanations.
The world is now over 1.1 deg C hotter than the pre-modern period and if the present patterns proceed, normal worldwide temperatures can be relied upon to ascend by 3.4-3.9 deg C by the turn of this century, as indicated by the United Nations (UN). The report comes as agents of nations around the globe meet at Spain's capital Madrid (December 2-9, 2019) for the yearly atmosphere talks, the 25th Conference of the Parties to the UN Framework Convention on Climate Change (COP25).
The report is supported by associations, for example, the World Wildlife Fund (WWF) and ActionAid, and sets out how much obligation the rich nations must take for the overwhelming effects of rising worldwide temperatures. Called "Would climate be able to Change-Fuelled Loss and Damage Ever Be Fair?", the report prescribes prompt open atmosphere money dependent on the misfortune and harm previously caused as the initial step for affluent nations.
Sivan Kartha, a senior researcher at the Stockholm Environment Institute, built up the value investigation utilized in the report.
Ascertaining 'decent amount' of duty
A fourth of a century since the first environmental change meeting in quite a while, are progressively baffled with insufficient activity even as rising ocean levels compromise the presence of a few beach front and island nations.

This year notwithstanding COP, UN Secretary General António Guterres facilitated another atmosphere meeting in September, welcoming world pioneers with striking intends to take centrestage...Read More

From India to Brazil, emerging markets can shore up global economy

International News
Emerging-economy central banks from India to Brazil still enjoy the firepower to shore up the global economy as their peers from developed markets take to the sidelines.
While policy makers at the Federal Reserve and European Central Bank are seemingly set to keep interest rates on hold, many of their developing nation counterparts have room to cut further. That should help support the world economy amid its weakest expansion in a decade.
“In most cases, emerging markets are now in the comfortable position to be able to cushion an economic downturn with monetary easing,” Ulrich Leuchtmann, head of currency strategy at Commerzbank AG in Frankfurt, said in a report this month. “This easing of monetary policy is likely to give a lift to EM economies, and this would also be positive for developed countries.”
Faster Growth
That outlook was underscored this week by Morgan Stanley economists, who predicted emerging markets will grow 4.4% next year, more than three times the 1.3% rate anticipated in the Group of 10 economies.
After 20 of the 32 central banks monitored by the bank eased policy in 2019, its economists forecast 13 will do so in 2020 with the cuts concentrated in emerging markets helping to reduce the global weighted average policy rate to a seven-year low by March. India, Brazil, Indonesia and Turkey can all strike if they need to.

With some hints of growth stabilization on signs that the U.S. and China are warming ties on the trade-war front, fund managers see more reasons to park their cash back in emerging markets. The International Monetary Fund also sees them as the primary drivers of the global economy while advanced economies linger in sub-3% territory.....READ MORE

Amazon doing extremely well in India; hope for regulatory stability: Bezos

International News
E-commerce giant Amazon is doing "extremely well" in India, its founder and CEO Jeff Bezos has said while expressing hope for regulatory stability in the country.
Bezos' remarks came in response to a question on Amazon's concerns over some Indian policies with regard to digitization.
"Regulatory stability is the thing that we would always hope for India. Whatever the regulations are ... they are stable in time and that's one of the things we're hoping will now be true. We'll see," Bezos, 55, told reporters on the sidelines of his induction into the National Portrait Gallery here on Sunday.
He said Amazon was doing very well in India.
"Our business in India is doing extremely well. It's growing very rapidly," Bezos said.
He said the head of his India operations Amit Agarwal, with whom he has worked for 20 years, was an extraordinary leader and is doing really well.
Responding to another question, the Amazon head said he "definitely" wants to go to space, asserting that he is having a great deal of fun doing everything that he does.
Ruling out a 2020 White House run, Bezos said he has a lot of other things that he wants to accomplish and is currently focused on them."Governing and running are two different skill sets," he said.The US-based Amazon is pumping in over Rs 4,400 crore (more than $600 million) in its various units in India including marketplace and food retail to provide them more ammunition to compete against arch-rival Flipkart.

Amazon, which is locked in a battle against Flipkart, had registered cumulative losses of over Rs 7,000 crore across various units in 2018-19...READ MORE

Huawei, ZTE corp threaten our national security, says US attorney general

International News
Huawei Technologies Co and ZTE Corp "cannot be trusted," US Attorney General William Barr said, labelling the Chinese firms a security threat as he backed a proposal to bar US rural wireless carriers from tapping an $8.5 billion (£6.64 billion) government fund to purchase equipment or services from them.
The Federal Communications Commission will vote on Nov. 22 and is proposing requiring the carriers to remove and replace equipment from the companies. Barr said in a letter to the FCC released on Thursday that "their own track record, as well as the practices of the Chinese government, demonstrate that Huawei and ZTE cannot be trusted."He added that "we should not signal that Huawei and ZTE are anything other than a threat to our collective security, for that is exactly what they, through their actions, have shown themselves to be."
Huawei and ZTE did not immediately comment.
Barr noted that federal prosecutors charged Huawei with violations of the US embargo on Iran, bank fraud, obstruction of justice and trade secret theft. ZTE pleaded guilty in 2017 to illegally sending approximately $32 million in US goods to Iran.FCC Chairman Ajit Pai said the commission "cannot ignore the risk that the Chinese government will seek to exploit network vulnerabilities in order to engage in espionage, insert malware and viruses, and otherwise compromise our critical communications networks."
The move is the latest US action aimed at barring US companies from purchasing Huawei and ZTE equipment. Huawei said last week that "in 30 years of business, Huawei has never had a major security-related incident in the 170 countries where we operate."

The US government added Huawei to its economic blacklist in May, saying the Chinese company was involved in activities contrary to US national security....READ MORE

World leaders come up short at UN summit as millions demand climate action

International News

Millions of people in 170 countries took to the streets to protest. World leaders lined up at the United Nations to pledge action. A 16-year-old girl, close to tears, shamed them for robbing her of a future.
The pressure to act on climate change is mounting. Titans of global business and politics gathered in New York this week for a series of events, including the Bloomberg Global Business Forum in New York, to acknowledge that more must be done -- but fell short of saying exactly what will be done.
“Time is running out in the court of public opinion, because time is running out to address climate change,” New Zealand Prime Minister Jacinda Ardern told heads of state and business chiefs at the Global Business Forum on Wednesday. “It’s right for them to hold our feet to the fire.”
The stakes have indeed never been higher. Temperatures have already risen 1 degree Celsius (2 degrees Fahrenheit) since the 1880s. The world must limit that warming to no more than 2 degrees above Industrial Revolution levels, the UN has warned, to avoid the most catastrophic of droughts, floods, mass migrations and conflicts. “You can just feel the groundswell of popular sentiment, that the urgency of this is elevated,” Goldman Sachs Group Inc. Chief Executive David Solomon said during the forum.
When asked whether there’s enough information out there to determine his own bank’s exposure to climate change, Solomon said, “We’re working on it. The answer is we’re working on it.” It was a response that underscored both the heightened awareness among leaders that they will be held responsible for global warming and the work that still lays ahead of them.

 The meetings were still “far too much a chance for people to beat their chests and say they’re making change,” said Brad Cornell, a business professor at the University of California at Los Angeles. “But who is making real change?”....Read More

Govt sources refute Trump's claim, says India's tariffs are not that high

Company News

India's taxes are not unreasonably high contrasted with other creating nations, government sources told Reuters on Thursday, responding to United States President Donald Trump's call to pull back what he said were high levies.
Prior Trump tweeted that he anticipated gathering Indian Prime Minister Narendra Modi at the G20 summit in Japan, however said that for a considerable length of time India had put "high duties against the United States". Including: "This is unsatisfactory and the duties must be pulled back!" This month, India slapped higher duties on 28 US items in counter for Washington's withdrawal this long stretch of tax unhindered commerce for certain Indian merchandise.
India's duties are in accordance with the World Trade Organization administers, the administration sources stated, including that US levies a few things were a lot higher than India's.
"I look forward to speaking with Prime Minister Modi about the fact that India, for years having put very high tariffs against the United States, just recently increased the tariffs even further," Trump said on Twitter. "This is unacceptable and the tariffs must be withdrawn!" said Trump, who will meet Modi at this week's G20 summit in Japan.
Trump's remarks could further worsen a trade row that has led to tit-for-tat tariffs from India and the United States and created an unease over the depth of their security alliance.

 US Secretary of State Mike Pompeo, who was in New Delhi on Wednesday, sought to reduce heightened trade tension with India, promising a renewed focus on negotiating better ties, but giving few specifics of how they would overcome disputes over trade and investment.Trade between the United States and India stood at about $142.1 billion in 2018.

Urge Pak to take sustained, irreversible action against terror groups: US

Company News

Pakistan has taken some "important" steps against terror groups post Pulwama attack but they are still reversible, a top US official said Wednesday, urging the Pakistani leadership to take sustained actions against terrorists operating in the country.

Terrorist organisations such as Lashkar-e-Taiba (LeT) and Jaish-e-Muhammad (JeM) will continue to pose a grave risk to international peace as long as they are able to operate freely in Pakistan, Alice G Wells, senior state department official for South and Central Asian Affairs told House Foreign Affairs Subcommittee for Asia, the Pacific and Nonproliferation.

"On the broader issue of counter-terrorism, the Pulwama terrorist attack in February that sparked a crisis between India and Pakistan underscored the importance and immediate need to halt terrorist activity in the region," she said in a prepared statement.

The sub-committee of the House Foreign Affairs Committee is scheduled to hold a hearing US Interests in South Asia and the FY 2020 Budget on Thursday.

"We continue to urge Pakistan's leaders to make good on their pledges to take sustained and irreversible actions against terrorist groups operating within the country's borders, which is necessary for the long-term stability and prosperity of the region, she said.

In recent months, we have seen Pakistan detain some militants and seize assets belonging to front organisations raising funds for terrorist groups. While these steps are important, they are still reversible, she told the lawmakers.


 She asserting that Pakistan must sustain these measures and expand upon them, including by prosecuting terrorist leaders.

Big tech firms cut employees' access to Huawei, 5G rollout in jeopardy

Company News

Some of the world’s biggest tech companies have told their employees to stop talking about technology and technical standards with counterparts at Huawei Technologies Co Ltd in response to the recent US blacklisting of the Chinese tech firm, according to people familiar with the matter.
Chipmakers Intel Corp and Qualcomm Inc, mobile research firm InterDigital Wireless Inc and South Korean carrier LG Uplus have restricted employees from informal conversations with Huawei, the world’s largest telecommunications equipment maker, the sources said.
Such discussions are a routine part of international meetings where engineers gather to set technical standards for communications technologies, including the next generation of mobile networks known as 5G.
The US Department of Commerce has not banned contact between companies and Huawei. On May 16, the agency put Huawei on a blacklist, barring it from doing business with US companies without government approval, then a few days later it authorized US companies to interact with Huawei in standards bodies through August “as necessary for the development of 5G standards.” The Commerce Department reiterated that position on Friday in response to a question from Reuters.

 Nevertheless, at least a handful of major US and overseas tech companies are telling their employees to limit some forms of direct interaction, the people said, as they seek to avoid any potential issues with the US government.Intel and Qualcomm said they have provided compliance instructions to employees, but declined to comment on them further.A spokesman for InterDigital said it has provided guidance to engineers to ensure the company is in compliance with US regulations.

US suspension of trade programme with India 'a done deal', says US official

Economy News

The suspension of a U.S. trade preference program with India is a "done deal," a senior State Department official said on Thursday as Prime Minister Narendra Modi began his second term.
President Donald Trump announced in March he would end India's access to the decades-old Generalized System of Preferences (GSP) trade program over what the U.S. said was lack of access to India's market. The program allows emerging countries to export goods to the United States without paying duties.U.S. law requires the administration to wait 60 days after it notifies Congress of the move before it formally ends India's participation in the program. Trump notified Congress of the move in early March.

"There is every reason to believe that GSP suspension will move forward," the official told reporters, speaking on condition of anonymity. "What is important is that the interest is to resolve trade irritants - to ensure fair and equitable market access," the official added.But the official said the benefits could be restored if India gave U.S. companies fair and equitable access to its markets.
"We need to be looking forward at how we relaunch an ambitious set of discussions between our trade teams in order to address these outstanding irritants," the official said."We believe if India is prepared to address policies, including data localization, e-commerce measures that served to stifle international investment for top-tier companies, that we can continue to make significant progress moving forward," the official added.


India is the world's largest beneficiary of GSP, which dates from the 1970s, and ending its participation would not only be the strongest punitive action against the country since Trump took office, but would also open a new front in the global trade war.Twenty-four U.S. members of Congress sent the administration a letter on May 3 urging it not to terminate India's access to the GSP.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Huwaei to ask US court to throw out federal ban; term it 'unconstitutional'

Economy News

Huawei said Wednesday the tech giant will ask a US court to throw out US legislation that bars federal agencies from buying its products.The company was due to file the motion for summary judgment on Tuesday (Wednesday in China), said Song Liuping, the firm's legal officer, in a statement carried by Chinese state broadcaster CCTV.
"The bill directly determines that Huawei is guilty and imposed a large number of restrictions on Huawei," Song was quoted as saying.The tech giant filed suit against the US bill in March, saying at the time that the US Congress had failed to provide evidence to support its restrictions on Huawei products.
A motion for summary judgment aims to seek a judge's decision without going to a full trial."It is hoped that the US courts will declare the Huawei ban unconstitutional and prohibit its enforcement," said Song.
The court case comes as Huawei also faces a broader US executive order preventing the use of its equipment in the United States and a more damaging US action to blacklist the company, cutting it off from critical American-made components for its products, though a 90-day reprieve was issued.
Washington has warned that Huawei systems could be manipulated by Beijing to spy on other countries and disrupt critical communications, and is urging nations to shun the company in 5G networks.

 The concerns have escalated as Huawei has risen to become the world leader in telecom networking equipment and one of the top smartphone manufacturers alongside Samsung and Apple.The firm's proactive battles in US courts signal it is willing to use all means, including national courts, to prevent exclusion from a race to the 5G market -- the future of high-speed telecommunications.

How will Trump's trade war end? The US-UK war of 1812 may have the answer

International News
President Donald Trump’s escalating trade war against China has drawn plenty of historical parallels.
The Chinese like to invoke the 19th-century Opium Wars and the national humiliation that followed.
In the U.S. the comparison is increasingly to the Cold War against the Soviet Union, or the 1980s trade wars against Japan.

Ask Douglas Irwin, author of “Clashing Over Commerce: A History of U.S. Trade Policy,” however, and he argues the most accurate comparison from an American perspective is the War of 1812.
That conflict was born out of a trade war (a British embargo of France) and fought at least partly as a trade war (a British blockade of America). It also yielded another trade war.

Once the war was won, it prompted calls for a decoupling from a British economy with which America’s was deeply integrated, Irwin said. And like the current calls related to China, that was based on a bigger existential question for the U.S.

“We wanted to reduce our dependence on Britain, which was viewed as an enemy power,’’ said Irwin, a professor at Dartmouth.

Higher Stakes

In response, Washington began imposing higher tariffs on British goods to protect what it declared to be strategic U.S. industries.


 That action grew into manufacturers’ calls for protection from cheap British imports that would become a feature of political debate through the 19th century...Read More

US-Iran tensions, Opec's indication of continuing cuts lead to oil surge

International News

Oil rose to multi-week highs on Monday after Organization of the Petroleum Exporting Countries (Opec) indicated it will likely maintain production cuts that have helped support prices this year, while tensions continued to escalate in the Middle East.

Brent crude was up by 96 cents, or 1.3%, at $73.17 a barrel by 0227 GMT, having earlier touched $73.40, the highest since April 26.

U.S. West Texas Intermediate crude was 82 cents, 1.3%, higher at $63.58 a barrel. The US benchmark reached $63.81 earlier, the highest since May 1.

Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among the Opec and allied oil producers to drive down crude inventories "gently" but he would remain responsive to the needs of a "fragile market".

United Arab Emirates (UAE) Energy Minister Suhail al-Mazrouei earlier told reporters that producers were capable of filling any market gap and that relaxing supply cuts was not "the right decision".
Meanwhile, US President Donald Trump threatened Tehran on Sunday, tweeting that a conflict would be the "official end" of Iran, while Saudi Arabia said it was ready to respond with "all strength" and that it was up to Iran to avoid war.

The rhetoric follows last week's attacks on Saudi oil assets and the firing of a rocket on Sunday into Baghdad's heavily fortified "Green Zone" that exploded near the US embassy.

 "Al-Falih and the UAE both put paid to suggestions of increasing production over the weekend and then President Trump essentially telling Iran to bring it on, was a perfect short-term storm for oil prices," Greg McKenna, strategist at McKenna Macro, told Reuters by email.

Azhar's listing shows int'l commitment to root terrorism out of Pak: US

International News

The UN declaring Jaish-e-Mohammed chief Masood Azhar a global terrorist demonstrates international commitment to rooting out terrorism in Pakistan and bringing security and stability to South Asia, the Trump administration said Wednesday, expressing hope that Islamabad will take sustained and irreversible action against terror groups operating from its soil.

Welcoming China's decision to lift its hold on the proposal to blacklist the Pakistan-based JeM chief, a senior Trump administration official during a conference call with reporters said after 10 years China has done the right thing by lifting its blockade.

"I think China seems to have understood that it was increasingly important that it's actions on the international stage on terrorism matched it's rhetoric, the White House official said on the condition of anonymity.

Pulwama attack, the official noted was just the latest in the terrorist attacks that this deadly group has conducted.

"Designating Azhar demonstrates international commitment to rooting out terrorism in Pakistan and bringing security and stability to South Asia," the official said, adding that this designation is critically important and it was a long time coming.

This designation, the official said, is in line with Pakistan Prime Minister Imran Khan's stated commitment to crackdown on militancy inside Pakistan and his acknowledgment that prosperity and development in Pakistan is contingent on maintaining regional stability.

 So we acknowledged that this designation is a good step forward and we look forward to how Pakistan would use this international designation press forward on its own stated commitment, the official said...Read More

China purchases could undercut Donald Trump's larger trade goal

International News

At the heart of President Trump’s negotiations with China is a troubling contradiction: The United States wants to use the trade talks to encourage the country to adopt a more market-oriented economy. But a key element of a prospective deal may end up reinforcing the economic power of the Chinese state.

Negotiators are still working out deal terms, but any agreement seems certain to involve China’s promise to purchase hundreds of billions of dollars of American goods. For Mr. Trump, this is an essential element that will help reduce the United States’ record trade deficit with China and bolster farmers and other constituencies hurt by his trade war.

But those purchases will be ordered by the Chinese state, and most will be carried out by state-controlled Chinese businesses, further cementing Beijing’s role in managing its economy and potentially making United States industries even more beholden to the Chinese.

“It seems like those types of really simplistic purchasing commitment type of arrangements would actually reinforce state ownership rather than discourage it,” said Rufus Yerxa, the head of the National Foreign Trade Council, which represents the United States’ largest exporters.

After months of talks, the two sides are inching closer to an agreement. Robert Lighthizer, Mr. Trump’s top trade negotiator, and Steven Mnuchin, the Treasury secretary, discussed the remaining sticking points with their Chinese counterparts on Thursday evening and Friday in Beijing. Mr. Mnuchin, in a tweet on Friday, said the talks had been “constructive.”


 Both sides are trying to iron out an agreement by this week, to coincide with a visit to Washington by Liu He, the Chinese special envoy charged with negotiating the deal...Read More

Mark Zuckerberg's call to regulate Facebook, explained

International News

Facebook has faced months of scrutiny for a litany of ills, from spreading misinformation to not properly protecting its users’ data to allowing foreign meddling in elections.
Many at the Silicon Valley company now expect lawmakers and regulators to act to contain it — so the social network is trying to set its own terms for what any regulations should look like.
That helps explain why Mark Zuckerberg, Facebook’s chief executive, wrote an opinion piece for The Washington Post on Saturday laying out a case for how he believes his company should be treated.

In his post, Mr. Zuckerberg discussed four policy areas — harmful content, election integrity, privacy and data portability — which he said the government should focus attention on.
Here’s an annotated analysis of Mr. Zuckerberg’s post and what he is seeking to do with each area.

Harmful content

First, harmful content. Facebook gives everyone a way to use their voice, and that creates real benefits — from sharing experiences to growing movements. As part of this, we have a responsibility to keep people safe on our services. That means deciding what counts as terrorist propaganda, hate speech and more. We continually review our policies with experts, but at our scale we'll always make mistakes and decisions that people disagree with.


 So-called harmful content across Facebook is an enormous category, spanning abuse and bullying to the recent live-streamed shootings at two mosques in New Zealand...Read More

Global oil prices skid on high US crude production, economic slowdown

Market News:
Oil prices fell on Monday after US energy firms added rigs for the first time this year in a sign that crude production there will rise further.

US spot crude oil futures were at $53.37 per barrel at 0027 GMT, down 32 cents, or 0.6 per cent, from their last settlement.

International Brent crude oil futures were at $61.37 a barrel, down 27 cents, or 0.4 per cent.Analysts said high US crude oil production, which hit a record 11.9 million barrels per day (bpd) late last year, was weighing on oil markets.

In a sign that output could rise further, US energy firms last week raised the number of rigs looking for new oil for the first time in 2019, adding 10 facilities, to 862, Baker Hughes energy services firm said in its weekly report on Friday.


 Beyond oil supply, a key question for this year will be demand-growth.Oil consumption has been increasing steadily, likely averaging above 100 million bpd for this first time in 2019, driven largely by a boom in China...Read More