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AP/Karim Kadim In efforts to tackle a global oil glut, OPEC and other supply-cutting nations have been coordinating output levels. After a months-long crude rally, the cartel is meeting this week to discuss increasing supply. Here’s what you need to know. When are the meetings? Friday, June 22: Current members of OPEC — Algeria, Angola, Ecuador, […]
Enlarge (credit: Chris Young) AT&T is imposing another $ 5-per-month price increase on customers who have held onto a decade-old grandfathered unlimited data plan. The new price will be $ 45 a month. The data plan’s price was $ 30 monthly for seven years until AT&T raised it to $ 35 in February 2016. A second $ […]
Wiz Air CEO József Váradi has warned that current cost pressures “could mean our fares – and those in the wider industry – move up if the cost environment changes”. Fuel is one the biggest costs for airlines, making up roughly one third of operating expenses, according to analysts. U.S. crude oil is now trading at about […]
Thomson Reuters The Turkish lira continued selling off Thursday. It had dropped to all-time lows Wednesday, prompting the central bank to raise interest rates ahead of its June meeting. Follow the lira in real time here. The Turkish lira continued sinking Thursday as investors blew off an emergency interest rate hike. The lira was down […]
The Insider Picks team writes about stuff we think you’ll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Amazon Prime will increase from $ 99 per year to $ 119. The new price will take effect May 11 for new subscribers, and current Prime members will […]
Two Emperor penguins grabbed a sneaky selfie when they unexpectedly stumbled upon an polar explorer’s unmanned camera. The pair of flightless birds have now become viral stars. The footage was captured by Antarctic researcher Eddie Gault. The Australian left his camera on the ice while hiking around the Auster Rookery near his country’s Mawson research […]
Evan Vucci/AP Electrolux, Europe’s largest home appliance maker, said it would delay a planned $ 250 million investment in Tennessee. The announcement comes after President Donald Trump announced tariffs on imported aluminum and steel. Electrolux buys all the steel it uses in its US products domestically. Trump said the duties — 25% on steel imports […]
Songwriters just claimed a major victory in the fight for better pay from streaming giants like Apple and Spotify. The US Copyright Royalty Board has ruled for an increase in songwriter rates that will give them a 43.8 percent pay raise over the next 5 years. They also won’t have to jump through hoops to […]
Council tax for the average household will rise by £107 after local governments have been given permission to raise the tax by six per cent to local town halls. The announcements have been made by Communities Secretary Sajid Javid. The police will also be allowed to charge households an extra £12 per year, the minister […]
A study conducted by the Employment Policies Institute states that a hike to a $ 15/hr minimum wage will cost California 400,000 private sector jobs. Workers in two industries in particular are purportedly the most vulnerable. On January 1, California’s minimum wage will increase to $ 11 per hour, up from the current level of […]
