Saudi Aramco is moving ahead with plans to boost crude output capacity by 1 million barrels per day (bpd) to 13 million bpd despite cuts in capital expenditure this year and next year, the state oil group’s CEO said on Monday. Aramco’s capital spending plan for 2021 will be...

Energy giant Saudi Aramco said Sunday its net profit for the second quarter plunged a massive 73 percent due to sharply lower oil prices as the coronavirus crisis undercuts global demand. The company posted a net profit of $6.6 billion for the three months to June 30, compared to $24.7...

Twitter is in preliminary discussions for a possible combination with TikTok, the Wall Street Journal reported Saturday, after US President Donald Trump said he would ban the app, calling it a threat to national security. Trump declared Thursday that the popular Chinese video app TikTok and...

Turkey's currency tumbled further Friday, hitting record lows two days in a row. The Turkish lira dropped to a historic low of 7.3677 against the dollar before recovering slightly. The lira is down about 19 percent versus the US currency since the beginning of the year. The drop is...