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Business: Page 6

OPEC speaks out against Venezuelan oil embargo as PDVSA reroutes exports to Asia
OPECJuly 4, 2019 ET
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC) blasted US-led sanctions against Venezuela’s oil industry.
Major U.S. companies planning to shift substantial production out of China
HP factoryJuly 4, 2019 ET
Several major U.S.-based technology companies are planning to shift substantial production out of China, spurred by a bitter trade war between Washington and Beijing, the Nikkei reported on Wednesday, citing sources.
Average U.S. rig count for June 2019 was 969, down 17
Oil rig countJuly 3, 2019 ET
Baker Hughes announced that the Baker Hughes international rig count for June 2019 was 1,138, up 12 from the 1,126 counted in May 2019, and up 179 from the 959 counted in June 2018.
German car exports down 15 percent in H1
German carsJuly 3, 2019 ET
Car exports of Germany\'s automotive industry declined by around 15 percent in the first six months of 2019 to a total of 1.9 million cars, the German Association of the Automotive Industry (VDA) announced.
Malaysia implements 'sugar tax' to reduce obesity
Malaysia obese peopleJuly 3, 2019 ET
Malaysia began implementation of a \"sugar tax\" on sugar-sweetened beverages from Monday onwards to cut down the country\'s high levels of obesity.
UK construction sector slumps to decade low
UK constructionJuly 2, 2019 ET
UK construction output plunged to a 10-year low in June.
People buy less FMCG in quantity in France but they want better quality
FMCG FranceJuly 2, 2019 ET
The trend of consuming less to consume better is borne out with a volume decrease of -0.8% on FMCG as whole and -1.9% on fresh food products in the first quarter of 2019.
Japan and Singapore top on Henley Passport Index
Singapore passportJuly 2, 2019 ET
Moving into the third quarter of 2019, Japan and Singapore hold onto top spot on the Henley Passport Index, with a visa-free/visa-on-arrival score of 189.
New Jersey increase in minimum wage took effect
New JerseyJuly 2, 2019 ET
New Jersey’s historic increase in the minimum wage to $10 per hour took effect.
China and Africa sign deals worth 20.8 billion dollars
African factory workersJuly 2, 2019 ET
China and several African countries have signed 84 commercial agreements worth 20.8 billion dollars, at the First Joint Economic and Commercial Exhibition held in central China.
Heat stress spike predicted to cost global economy $2,400 billion a year
HeatJuly 2, 2019 ET
An increase in heat stress at work linked to climate change is set to have a massive impact on global productivity and economic losses, notably in agriculture and construction, UN labour experts said on Monday.
OPEC approves extension of deal on cutting oil output for 9 more months
OPECJuly 2, 2019 ET
OPEC session has ended, and its member states agreed on extending the deal on cutting oil output for nine months starting from July, the Minister of Energy and Industry of the United Arab Emirates Suhail Al Mazroui said.
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