Russia has not been asked to mediate between Saudi Arabia and Iran: Kremlin
The Kremlin said on Tuesday that it had not received a formal request from any party for Moscow to act as a mediator between Saudi Arabia and Iran following an attack on Saudi Arabia’s oil infrastructure.
Apple says $14 billion EU tax order ‘defies reality and common sense’
The European Union’s order to Apple to pay 13 billion euros ($14 billion) in back taxes “defies reality and common sense”, the U.S. firm said as the two sides sparred in a case key to the EU’s crackdown on sweetheart deals to multinationals.
Oil sheds gains, stocks inch lower as focus turns to Fed
Oil shed some of its massive gains on Tuesday as the United States flagged the possible release of crude reserves, while stocks inched lower as investors remained on the sidelines ahead of this week’s Federal Reserve meeting.
China condemns attacks on Saudi oil facilities
China on Tuesday condemned an attack on Saudi Arabia’s oil facilities, in a toughening of its language from the previous day, but again without saying who it believed was behind it.
Factbox: Britain’s insulin providers prepare for Brexit fallout
With Britain sourcing the vast majority of the insulin needed by its 1 million diabetics from overseas, its biggest providers have had to restructure their supply chains in case a chaotic Brexit disrupts the normal arteries of trade.
With a backup to the backup, insulin makers say they’re primed for Brexit
For two men trained as scientists, the bosses of Britain’s major insulin providers have had to become experts in ferry schedules, trucking laws and warehouse capacity as they seek to guarantee the supply of life-saving drugs through a chaotic Brexit.
U.S., Chinese trade deputy talks to start on Thursday
Deputy-level U.S.-China trade talks are scheduled to start in Washington on Thursday, the U.S. Trade Representative’s office said, paving the way for high-level talks in October aimed at resolving a bitter, 14-month trade war.
Saudi energy minister to hold press conference on Tuesday
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman will hold a press conference on Tuesday following the attacks on Aramco facilities in Abqaiq and Khurais which have cut the company’s crude oil supply by about 50 percent, the media ministry sa…
Oil declines as market assesses attacks on Saudi facilities
Oil prices declined on Tuesday, although the market remains on tenterhooks over the threat of a military response to attacks on Saudi Arabian crude oil facilities that halved the kingdom’s output and prompted a price spike not seen in decades.
Explainer: Details on car tariffs fuzzy as U.S., Japan head for trade deal
U.S. President Donald Trump has said Washington and Tokyo have reached an initial trade deal that he and Japanese Prime Minister Shinzo Abe are expected to sign in New York later this month.
