Oil prices tumbled on Monday after U.S. President Donald Trump said he would sharply hike tariffs on Chinese goods this week, risking the derailment of trade talks between the world’s two biggest economies. U.S. West Texas Intermediate (WTI) crude futures were at $60.57 per barrel at 0646...

European planemaker Airbus stuck to full-year financial targets after reporting slightly higher-than-expected core first-quarter profit, overshadowed by weaker cash and charges related to a German ban on defense exports to Saudi Arabia. The results are the first presented by new Chief...

 Eastern Libyan state oil firm AGOCO, a subsidiary of state oil firm NOC, is producing 304,000 barrels a day of oil, its chairman told Reuters Sunday. Mohamed Shatwan said production would rise to 350,000 bpd after new projects such as improving power supply had been completed, a plan...

Toyota Motor Corp said on Friday it was halting plans to install Dedicated Short-Range Communications (DSRC) technology, aimed at letting cars and trucks communicate with one another to avoid collisions, on U.S. vehicles beginning in 2021. Automakers have been divided in the United States...