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  Bloomberg OPEC can’t cut oil production alone to stabilize the market, according to the former Saudi Arabian energy minister who masterminded the pump-at-will policy the group adopted two years ago. “I don’t think OPEC by itself should cut,” Ali Al-Naimi, who for two decades was arguably the world’s most influential oil official until he retired in May, told a ...

  Bloomberg Australia could be stripped of its top credit score by S&P Global Ratings as early as next month if the government’s interim budget review shows further deterioration, according to BlackRock Inc. The mid-year economic and fiscal outlook, which for the past three years has been delivered in December, could be a “catalyst” for the country to lose its ...

  AFP Japan and India are set to sign a controversial civil nuclear deal this week, reports said on Sunday, as the two Asian allies look to boost economic and security ties to counter an assertive China. India’s Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe are set to sign a deal on Friday that would allow Japan ...

  Bloomberg Electric cars will fall short of helping the environment without cleaner energy to charge the vehicles’ batteries, said Carlos Ghosn, chief executive officer of Nissan Motor Co. and Renault SA. “At least the car industry is bringing a breakthrough, which consists in saying that you are going to be transporting yourself from one place to another with zero ...

  Bloomberg Hong Kong Chief Executive Leung Chun-ying is taking additional steps to cool the world’s costliest property market, where prices have rebounded after a short-lived dip. The government raised the stamp duty to 15 percent for all residential purchases except for first-time buyers who are permanent residents. Until now, the highest levy for residents was 8.5 percent, while foreigners ...

  Bloomberg Egyptian stocks rallied a seventh day on bets an unprecedented decision to float the pound will help cement a $12 billion loan from the International Monetary Fund. The currency weakened. The EGX 30 Index surged 6.1 percent, extending the longest winning streak since March. Members of the benchmark gauge traded at the most expensive in almost 17 months ...

  ANICK JESDANUN / AP Google’s new smart speaker is at once a secretary, a librarian and a radio. Ask about your day, and the Home speaker will give you the time, weather, estimated commute, the news and upcoming calendar appointments. It will convert miles into feet, and dollars into euros. Want to hear Adele or Coldplay? Home will fetch ...

  SEOUL / AP Samsung Electronics said on Sunday it will offer an artificial intelligence assistant service in the upcoming flagship smartphone, as the South Korean firm seeks recovery from its global smartphone recalls. The Galaxy S8 will let users order food or perform other tasks without going through a third-party application but by simply asking the phone’s virtual assistant, ...

  Relaxnews Google’s Android operating system captured a record-high 87.5 percent of the global smartphone market in the third quarter, a research firm said. The survey by Strategy Analytics found Android’s share increase from 84.1 percent in the same period a year ago, while Apple’s iOS saw its share slip to 12.1 percent from 13.6 percent. “Android’s leadership of the ...

  Relaxnews Before piloting competition-level kit in immersive flight mode with specially designed glasses, newcomers to the world of drones can have fun trying out their flight skills with an affordable model designed with beginners in mind. They also make great gifts for this season. Syma X5SC Explorers 2 Chinese manufacturer Syma makes a veritable clone of what drone market ...