China vows retaliation if countries make US trade deals that harm it
Amid the escalating trade war, China ...
Amid the escalating trade war, China warned other countries not to enter agreements with the US “at the expense of China’s interests.” The country’s commerce ministry said that if they do, China “will resolutely reciprocally take countermeasures.” The statement comes as many countries are scrambling to make concessions to avoid President Trump’s tariffs. While no deals have been struck yet, Treasury Secretary Scott Bessent has suggested that other countries should negotiate with the US and then collectively approach China.
DOJ asks judge to make Google sell Chrome. Kicking...
DOJ asks judge to make Google sell Chrome. Kicking off a new phase of its antitrust case against Google, the Department of Justice yesterday urged Judge Amit Mehta—who ruled last year that Google has an illegal monopoly in online search—to make the tech giant sell its browser to restore competition. Google is expected to argue that such a punishment will actually harm competition and consumers, but if the judge orders a sale, it will be the first time a government antitrust lawsuit forced a corporate breakup since a 1982 settlement with AT&T (then Ma Bell), per Bloomberg.
President Trump stood behind Defense Secretary Pete Hegseth, saying reports that he shared sensitive information about military strikes in Yemen in a Signal chat with his wife and brother were the work of “disgruntled employees.” But NPR reported that the White House is searching for a replacement.
Harvard University filed a lawsuit over the Trump administration’s freezing of billions in federal funding, claiming the government unlawfully tried to gain control of its academic decision-making.
Nadine Menendez, the wife of former New Jersey Senator Bob Menendez, was convicted of participating in a bribery scheme with her husband.
Airbnb will now show the total cost of staying at a property, including all fees, when you search for a place to stay.
The FTC sued Uber, alleging that the ride-hailing app signed users up for its Uber One service without their knowledge.
Asian countries consider investing in Alaska LNG project
South Korea, Japan and Taiwan are exploring investment opportunities...
South Korea, Japan and Taiwan are exploring investment opportunities in the Alaska LNG project to secure a stable liquified natural gas supply and potentially avoid US tariffs. Discussions include financing and offtake agreements, with Taiwan's CPC Corp. already signing a letter of intent to purchase gas. The project has attracted interest from other Asian countries like India and Thailand.
Chevron, TotalEnergies Start Oil Production from Ballymore Project in GoM
Chevron and TotalEnergies have started oil and natural gas production...
Chevron and TotalEnergies have started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of Mexico, the companies announced April 21.
Ballymore is expected to produce up to 75,000 bbl/d of oil and 50 MMcf/d of gas through three wells tied back 3 miles to the existing Chevron-operated Blind Faith facility.
Estimated potentially recoverable resources at Ballymore are 150 MMboe over the life of the project. Ballymore is located in the Mississippi Canyon area, approximately 160 miles southeast of New Orleans. The water depth is about 6,600 ft.
Oil falls over 2% on signs of progress in US-Iran talks, demand fears
(Reuters) - Oil prices fell more than 2% on Monday on...
(Reuters) - Oil prices fell more than 2% on Monday on signs of progress in talks between the U.S. and Iran, while investors remained concerned about economic headwinds from tariffs that could curb demand for fuel.
Brent crude futures were down $1.70, or 2.5%, at $66.26 a barrel, after closing up 3.2% on Thursday. Thursday was the last settlement day last week because of the Good Friday holiday.
U.S. West Texas Intermediate crude fell $1.60, or 2.5%, to $63.08 a barrel, after settling up 3.54% in the previous session.
"The U.S.-Iran talks seem relatively positive, which allows for people to start thinking about the possibility of a solution," said Harry Tchilinguirian, group head of research at Onyx Capital Group.
"The immediate implication would be that Iranian crude would not be off the market."
Markets also have lower liquidity due to the Easter holiday, which can exacerbate price moves, he added.
In the talks, the U.S. and Iran agreed to begin drafting a framework for a potential nuclear deal, Iran's foreign minister said, following discussions that a U.S. official described as yielding "very good progress."
