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Mahathir sworn in as Malaysia’s 7th prime minister

Mahathir Mohamad, who led an opposition alliance to a surprise victory in Wednesday’s parliamentary elections, has been sworn in as seventh Prime Minister of Malaysia on Thursday.  The 92-year-old Mahathir was sworn in at a ceremony held at the State Palace.  In a...

Oil could hit $100 a barrel in 2019: Bank of America

There is a risk of crude oil prices hitting $100 per barrel next year due to tightening of supply and demand balance in global oil market, investment banking giant Bank of America Merrill Lynch said in a report Thursday. Oil prices have been rising in the past few weeks due to worries...

Iran does not want 'new tensions' in Mideast: Rouhani

   Iran does not want "new tensions" in the Middle East, President Hassan Rouhani said Thursday in a telephone call with German Chancellor Angela Merkel. "Iran has always sought to reduce tensions in the region, trying to strengthen security and stability," Rouhani said,...