A turning point in the oil market is on the horizon amid a sharp drop in investments and a lack of fresh conventional discoveries, Saudi Aramco’s chief executive told CNBC on Monday. “A lack of investment is definitely not helping, so if that continues over the next couple of years there will be an inflection […]
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UK to start the process of ending 40 years of EU control — Here’s what you need to know
The U.K. government is to present Thursday a draft bill that will affect all kinds of laws that have governed the country for more than 40 years – the so-called Repeal Bill. This is a key step to take the U.K. out of the European Union and avoid legal chaos. But it’s certain to raise […]
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DR WHO, the long-running British science-fiction hero, has a long-standing device to get him out of tricky situations; a piece of “psychic paper” that lulls the viewer into accepting the doctor’s credentials. Apparently blank, the paper says whatever the Doctor wants it to say. The British government under Theresa May apparently thinks the 2016 EU […]
Read moreNASA’s Juno spacecraft will fly directly over Jupiter’s Great Red Spot later today, offering the first ever ‘close up’ of the 10,000 mile-wide storm. The gaseous red spot has been monitored by humans since 1830 according to NASA and is thought to have raged for as much as 350 years. “This monumental storm has raged […]
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Newspapers to bid for antitrust exemption to tackle Google and Facebook
The news industry is to band together to seek a limited antitrust exemption from Congress in an effort to fend off growing competition from Facebook and Google. Traditional competitors including The Washington Post, The Wall Street Journal and The New York Times, as well as a host of smaller print and online publications, will temporarily […]
Read moreConsumer electronics company Jawbone had more than enough money to take on Fitbit and other health-tracking devices in the “wearables” market. That may have ended up being its biggest problem. Top-tier venture capital firms Sequoia, Andreessen Horowitz, Khosla Ventures and Kleiner Perkins Caufield & Byers, and then a sovereign wealth fund, invested hundreds of millions […]
Read moreVirtually giving them away! The VR gaming specialist Oculus has announced it is to price its Rift headset at just $399, two-thirds of the price the company was charging less than five months ago. In a blog posting Monday, the company said the new lower price for its immersive headset will be available for a […]
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Would you feel safe riding a passenger drone? According to research, most Americans wouldn't
Commuters in Dubai could be taking to the skies in “passenger drones” later this year. The city’s Roads and Transportation Agency announced in June that its autonomous aerial taxi (AAT) service will be trialled at some point between October and December, with aircraft provided by German aviation company Volocopter. But new research from YouGov suggests […]
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Oil and gas will continue to be a necessity, despite lack of investment
Oil and gas will remain key energy sources despite the presence of shale and other alternative energy resources, the president of oil and gas company BHGE told CNBC on Monday. “When you look at the energy requirements, the increasing population, we feel there’s going to be a necessity from an oil and gas perspective as […]
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Europe to reject Brexit deal if U.K. fails to secure ‘favorable’ status for EU citizens
The European Parliament has criticized the U.K.’s proposals on EU citizens’ rights as a “damp squib” and has vowed to reject a Brexit deal if Britain does not offer more. Chief negotiator Guy Verhofstadt and leaders of four of the parliament’s main groups wrote in a joint letter to newspapers that Britain’s plans for the […]
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