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France to ban oil, gas production by 2040

PARIS: France's parliament on Tuesday passed into law a ban on producing oil and gas by 2040, a largely symbolic gesture as the country...

Nissan to suspend domestic production of cars for Japan market

TOKYO: Nissan Motor is suspending domestic production of vehicles for the Japanese market for at least two weeks to address misconduct in its inspection...

Renault stops production at some sites after cyber attack

PARIS: French carmaker Renault stopped production at several sites on Saturday to prevent the spread of a global cyber attack that hit its computer...

Pakistan reaffirms opposition to production of fissile material

ISLAMABAD: Pakistan has reaffirmed its opposition to a treaty banning production of fissile material used as fuel for nuclear weapons. Speaking during a United Nations...

Xiaomi unveils in-house chipset to streamline production, cut prices

BEIJING: Chinese smartphone firm Xiaomi announced its first in-house designed chipset on Tuesday, as it works to streamline production, lower prices, and gain greater...

Oil prices static on uncertainty over planned production cut

LONDON: Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity during the US...

OPEC, non-oil cartel members discuss production cuts

VIENNA: OPEC officials held talks with Russia and other non-cartel members on Saturday in Vienna to debate how to implement a plan aimed at...

Oil falls again on high US stocks, Saudi production

NEW YORK: Oil prices continued to fall on Wednesday, driven in part by elevated US crude inventories and Saudi Arabia's record oil production.

Oil prices fall as oversupply still weighs on market

LONDON: Oil prices fell on Monday morning, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions continued to weigh on the market.

End of an era: The last VCR manufacturer is ceasing production

TOKYO: The clunky videocassette recorder is going the way of floppy disks, eight-track tapes and camera film as the world's last manufacturer ends production of the once booming home-video technology.

Oil prices fall with world markets, stockpiles data eyed

SINGAPORE: Oil prices fell more than one percent in Asia Tuesday, extending a sell-off on speculation about a pick-up in production while world markets are rattled by fears over Britain's possible exit from the European Union.

Oil prices slip ahead of OPEC meeting

NEW YORK: World oil prices fell Tuesday as traders eyed this week's crucial OPEC oil meeting and key Chinese data.

Divided OPEC to breathe easier with return of $50 oil

VIENNA: A recovery in the oil price to around $50 has eased pressure on OPEC to turn down the taps when it gathers in Vienna on Thursday for its first meeting with the powerful Saudi crown prince's new oil minister.

Oil prices slip from $50 level

NEW YORK: World oil prices dipped Friday, with traders taking profits after crude rose above the psychological $50 level this week on evidence of a fall in supplies.

Oil nears $50 as US inventories fall

SINGAPORE CITY: Oil prices edged towards $50 a barrel in Asia Wednesday after a larger-than-expected dip in US stockpiles resulting from wildfires that have disrupted oil production in Canada.

Oil turns higher but supply concerns, stronger dollar weigh

SINGAPORE: Oil turned higher in Asia Wednesday, but the US benchmark remained below $44 a barrel as a pick-up in the dollar and rising Iranian crude production limited gains, while traders await the release of inventories later in the day.

Oil prices extend gains

LONDON: Oil prices extended gains Monday, boosted by strong US jobs growth data and a cut in the country's crude drilling activities sparking hopes of an easing in the supply glut.

COAS witnesses production of defence, safety equipment at HIT

RAWALPINDI: Chief of the Army Staff (COAS) General Raheel Sharif on Thursday visited Heavy Industries Taxila (HIT), where he witnessed the production and demonstration of tank Al-Khalid–1 besides other defence equipment, the ISPR said in a statement.

Iran says OPEC unlikely to change output ceiling: Mehr news agency

TEHRAN: OPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said on Sunday, according to the semi-official Mehr news agency.

Oil prices extend losses

LONDON: Oil prices extended losses in Wednesday to six-year lows on expectations that US crude stockpiles will rise further, in a market already awash with supplies, analysts said.
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