Russia’s oil reserves have nearly doubled in valuation since last year and now total $1.2 trillion, Moscow’s Ministry of Natural Resources and Environment reported Friday. The 88 percent increase is…
The global economy is expected to grow by 2.9 percent in 2019 and 3 percent in 2020, the weakest growth in a decade, the Organization for Economic Cooperation and Development…
Bugatti unveiled a new $10 million Centodieci supercar Friday that’s capable of going from 0 to 62 mph in 2.4 seconds. The French-made car debuted at the Pebble Beach, Calif.,…
The International Energy Agency said Friday it now expects a decline in global oil demand, citing concerns for a potential economic downturn and the prolonged U.S.-China trade dispute. The IEA…
Nissan Motor Co. said Thursday it plans to cut 12,500 jobs worldwide, after a dramatic reduction in profits over the past year. The company plans to slash 6,400 jobs by…
Volvo is recalling more than half a million vehicles worldwide because of a faulty engine component that could cause fires. The recall affects the S60, S80, S90, V40, V60, V70,…
Software and tech giant Microsoft has agreed to pay more than $25 million to settle a Hungarian bribery case, the U.S. Justice Department announced Monday. Microsoft Hungary must pay more…
A Panama-flagged oil tanker based in the United Arab Emirates appeared to switch off its transponder in the Strait of Hormuz on Saturday and has not been heard from since,…
China is reforming key industries to allow for greater foreign investment, according to state media. Xinhua reported the National Development and Reform Commission of the People’s Republic of China said…
Ford Motor Co. will cut some 12,000 jobs in Europe as part of a restructuring plan to sell six of its plants there, the automaker announced Thursday. With a global…
