The OPEC oil cartel and allied producing countries including Russia will raise production by 648,000 barrels per day in July and August, offering modest relief for a global economy suffering from soaring energy prices and the resulting inflation. The decision Thursday steps up the pace by the alliance, known as OPEC+, in restoring cuts made during the worst of the pandemic recession. The group had been adding a steady 432,000 barrels per day each month to gradually restore production cuts from 2020. The move to increase production faster than planned comes as rising crude prices have pushed

Amid the ongoing war with Russia, Ukrainian President Volodymyr Zelenskyy said on Thursday that one-fifth of Ukrainian territory is under Moscow's control. Zelenskyy made these remarks while addressing Luxembourg's lawmakers on Thursday. As the Russia-Ukraine war enters the fourth month, the focus has now shifted to the eastern part of the country.Ukraine's Deputy Defense Minister Ganna Malyar last week said the fighting has reached its maximum intensity. "As of today, about 20 per cent of our territory is under the control of the occupiers, almost 125 thousand square kilometres. This is muc

Police officials say four people have been killed in a shooting at a Tulsa medical building on a hospital campus. Tulsa police Deputy Chief Jonathan Brooks confirmed the number of dead Wednesday. He also said the shooter was dead, apparently from a self-inflicted gunshot wound. The motive for the attack was unclear.St. Francis Health System locked down its campus Wednesday afternoon because of the situation at the Natalie Medical Building. The Natalie building houses an outpatient surgery center and a breast health center.

Ford's chief executive says the global auto industry is headed for a huge price war in the coming years as electric vehicle costs drop and companies sell EVs priced around $25,000. CEO Jim Farley told the Bernstein Strategic Decisions Conference on Wednesday that the $25,000 electric vehicle will democratize EVs. Currently it costs way more to build an EV than one with a gas engine. But Farley said big cost reductions are coming with new battery chemistries that use fewer precious metals such as nickel and cobalt. Plus, he said EVs will take less time and labor to build, saving more money. Fo

Gilberto Rodríguez Orejuela, an elderly leader of the former Cali cartel that smuggled vast amounts of cocaine from Colombia to the United States in the 1980s and 1990s, has died in a U.S. prison, his lawyer said Wednesday. In 2020, a judge had denied Rodríguez Orejuela, who was in his 80s, early release on compassionate grounds from a prison in Butner, North Carolina. His attorney, David O. Markus, had said at the time that the former drug kingpin was suffering a range of health problems. Rodríguez Orejuela and his brother, Miguel, built a huge criminal enterprise that succeeded the Mede

Public services in Belgium, including schools and transport networks, were disrupted on Tuesday after trade unions staged a one-day nationwide strike, local media reported. The strike caused huge delays and disruptions to public transport, including the temporary closure of certain bus and tram lines, the Belgian public transport company said. About 60 per cent of the country's post offices remained closed for the day, including mail sorting centres, which may result in further delays over the next few days. Rail traffic remained at a standstill in the Walloon provinces of Liege, Namur, and

Danish energy giant Orsted and Shell Energy Europe have said that they will not pay for Russian gas in Rubles, Gazprom Export said on Tuesday, adding that it informed both companies that gas deliveries will be suspended from June 1. The Danish company Orsted notified Gazprom Export LLC that it does not intend to make payments for the supplied gas in rubles... Shell Energy Europe Limited... does not intend to make payments under the contract for the supply of gas to Germany in rubles," Gazprom Export said in a statement. The Russian company said that it had not received payment for April gas d

Out of 21 recovered dead bodies, Nepali Army took 10 bodies to the base station on Monday evening after a commercial passenger plane crashed onto the hills killing all 22 onboard. As per the officials, only the bodies of 21 passengers out of 22 onboard were located at the crashed site. "Till now we have recovered 21 dead bodies. 10 bodies are carried back to the base station with the help of Mi-17 helicopter in Khabang," said Teknath Situala, the Spokesperson at Tribhuwan International Airport in Kathmandu who has been overseeing the rescue and search operation told ANI. "Because of bad weat

The French news broadcaster BFM TV said a 32-year-old French journalist was killed Monday in eastern Ukraine, fatally hit by shell shrapnel while covering a Ukrainian evacuation operation. BFM TV said its journalist Frédéric Leclerc-Imhoff was killed as he was “covering a humanitarian operation in an armored vehicle” near Sievierodonetsk, a key city in the Donbas region that is being hotly contested by Russian and Ukrainian forces. He had worked for six years for the French television channel. French President Emmanuel Macron paid tribute to Leclerc-Imhoff on Twitter. Macron expressed co