Oil prices dip as Russia warns of gradual production increase

By Henning Gloystein SINGAPORE, May 25 : Oil prices eased on Friday as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel OPEC since 2017. Brent crude futures were at $78.69 per barrel at 0208 GMT, down 10 cents from their last close, and more than 2.2 percent […]

Ready to sit down for talks with US anytime: N.Korea

Pyongyang, May 25 : North Korea said on Friday that it is ready to sit down for talks with Washington anytime to solve problems between them, after the US side cancelled a planned summit with Pyongyang. The North Korean side expressed regret over US President Donald Trump’s decision to cancel the summit with Kim Jong […]

Iraq to probe alleged fraud in Parliamentary election

Baghdad, May 25 : The Iraqi government held a meeting on Thursday to discuss allegations of fraud and irregularities in the Parliamentary election held on May 12. The Iraqi Council of Ministers (cabinet), headed by Prime Minister Haider al-Abadi, met with top judicial and intelligence officials and the security committee of the electoral commission to […]

Trump pardons late Jack Johnson

Washington, May 25 : US President Donald Trump on Thursday pardoned former world boxing champion Jack Johnson, who was convicted in 1913 of engaging in a relationship with a white woman and saw his career destroyed. “Today I’ve issued an executive grant of clemency, a full pardon, posthumously, to John Arthur ‘Jack’ Johnson … The […]

Trump signs law easing post-crisis regulation of banks

Washington, May 25 : US President Donald Trump signed into law on Thursday a bill that partially repeals the 2010 Dodd-Frank act, which imposed tighter financial regulations in response to the global financial meltdown of 2008. “The legislation I’m signing today rolls back the crippling Dodd-Frank regulations that are crushing community banks and credit unions […]

Morgan Freeman accused of sexual harassment by 8 women

Los Angeles, May 25 : Legendary actor Morgan Freeman, 80, has been accused of sexual harassment by eight women. He has denied it saying he has never intended to make anyone uncomfortable. A CNN report has quoted multiple women, including journalists, describing troubling incidents throughout the Oscar winning actor’s career that spans nearly five decades. […]