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Bitcoin falls below $5,000 for first time in over year

The value of Bitcoin plummeted 12 percent Monday to below $5,000 for the first time since October 2017. The world's largest cryptocurrency fell as low as $4,891, the lowest level in more than a year, according to data from CoinDesk. With losses exceeding 22 percent in the last...

Chinese premier says no winner in trade war with US

The prime minister of China said Tuesday there are no winners in a trade war with the U.S. "There is no winner in the trade war," Li Keqiang said at the 33rd Association of Southeast Asian Nations (ASEAN) Summit in Singapore where he addressed the trade war, the South China Sea dispute...

Global energy demand to grow by over 25 pct by 2040

Global energy demand is predicted to grow by more than a quarter between 2017 and 2040, according to the International Energy Agency's (IEA) World Energy Outlook 2018 on Tuesday. The IEA's report showed that population growth with an extra 1.7 billion people mostly in the urban areas of...

Saudi says to cut oil output as producers discuss price dip

Saudi Arabia, the world's top crude exporter, said Sunday it will cut oil output from next month, as major producers held a key meeting to discuss shoring up sliding prices. Saudi Energy Minister Khalid al-Falih announced the kingdom was cutting its supplies by 500,000 barrels per day from...