OPEC gets support for latest production cuts
OPEC members won the support Tuesday of other major oil producing nations to extend a production cut for another nine months in a bid to shore up prices at a time of waning demand.
Member nations of the Organization of the Petroleum Exporting Countries on Monday agreed to the extension. With strong backing from Russia, the biggest member of the NON-OPEC group meeting Tuesday, the others unanimously approved the proposal.
The 10 NON-OPEC nations present at the meeting at OPEC’S headquarters in Vienna also included Mexico, Bahrain, Oman and Kazakhstan. The United States, one of the world’s major oil producers, is not involved in the discussions and won’t be bound by any agreement.
US proposes more tariffs on European Union goods
Union over what it considers to be illegal aircraft subsidies.
Whether it does so depends on the results of a World Trade Organization assessment of EU subsidies on large civil aircraft, specifically to Airbus.
The U.S. Trade Representative’s Office disclosed Monday that it could target a further 89 sub-categories following an earlier list in April. The new items include cheeses, olives and coffee.
A U.S. tariff wish list released in April reflected the Trump administration’s calculation of the harm the subsidies inflicted on the U.S. — and specifically to Boeing.
FBI says no sarin found in package at Facebook HQ
them to be non-hazardous.”
Workers who handled the package did not report any ill effects.
Kardashian West drops plan to use Kimono name for line
Relations between Kim Kardashian West and the country of Japan eased Tuesday after Kardashian West announced that she would change the name of her shapewear line, which she had said last week would be named Kimono.
That announcement of the trademark caused an uproar (kimono being a traditional Japanese garment) and invited pushback from Japanese officials. The mayor of Kyoto sent Kardashian West a letter to ask her to reconsider the name. Days later, she did.
On Tuesday, Hiroshige Seko, Japan’s trade minister, acknowledged Kardashian West’s pledge to revisit the name. Still, he said that he planned to send someone to speak to the U.S. Patent and Trademark Office and that he would keep an eye on the shapewear situation.