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  Reuters A short-term cap in oil output would reduce market volatility, Russian Energy Minister Alexander Novak said on Monday at a meeting with OPEC Secretary-General Mohammed Barkindo, as both are looking at ways to stabilise prices. Russia is the world’s largest oil producer but not a member of the Organization of the Petroleum Exporting Countries and its budget has ...

  Reuters Oman’s government is covering between 60 and 70 percent of this year’s budget deficit via international borrowing such as eurobond issues, direct placements of debt and other instruments, the central bank’s executive president said. The rest of the deficit will be financed locally by drawing down financial reserves, such as money held by the State General Reserve Fund, ...

  Bloomberg Singapore, which is vying to become a regional center for the trading of liquefied natural gas in Asia, picked Royal Dutch Shell Plc and Pavilion Gas Pte Ltd. as its next suppliers of the fuel. The companies will have exclusive rights to sell 1 million metric tons of LNG annually for up to 3 years, with imports beginning ...

  Bloomberg The number of Samsung Galaxy Note 7 owners demanding compensation for being inconvenienced by the smartphone’s troubles is starting to rise. In what may be the first Note 7 related class-action lawsuit filed in South Korea, 527 smartphone buyers are demanding Samsung Electronics Co. pay each plaintiff about 500,000 won (about $440) for time and effort lost when ...

  Bloomberg Japanese exports fell for a 12th consecutive month in September, rounding out a rough year for manufacturers struggling with a stronger yen and soft global demand. Yet the numbers were better than expected, and export volumes rose last month by the most in nearly two years, prompting some upbeat assessments by economists. “Today’s report confirmed that exports are ...

  AFP India’s Tata Sons dumped Cyrus Mistry as its chairman in a surprise announcement Monday, almost four years after his appointment as the first chief of the conglomerate from outside the Tata family. The decision comes as the steel arm of the sprawling $100 billion conglomerate struggles to offload its loss-making British assets while its carmaking business continues to ...

  MANASSAS / AP Think of it as the airborne cousin to the self-driving car: a robot in the cockpit to help human pilots fly passengers and cargo — and eventually even replace them. The government and industry are collaborating on a program that seeks to replace the second human pilot in two-person flight crews with a robot co-pilot that ...

  BEIJING / AP The Canbot can say its name, respond to voice commands, and “dance” as it plays Michael Jackson’s “Billie Jean.” Other robots China is displaying at the World Robot Conference can play badminton, sand cell phone cases and sort computer chips. China is showcasing its burgeoning robot industry at the five-day exhibition in Beijing, part of a ...

  Relaxnews Chromebook laptops are known for running Google’s Chrome OS and for being competitively priced. The Chromebook range now looks set to get a brand new and much more ambitious model made by Samsung, all for under $500, according to leaks published on the specialist website SamMobile. A Chromebook is a laptop computer that runs Google’s Chrome operating system. ...

  SEATTLE / AP If your heart is going to stop, right outside a hospital is not a bad place for it. And if 41 people within a 330-yard radius have a cellphone app alerting them to your distress, so much the better. That’s what happened in Seattle last week when Stephen DeMont collapsed at a bus stop in front ...