Saudi Arabia and Russia announced plans to cut their amounts of oil going onto the market. That has suppressed oil prices. The two countries make up a significant part of the oil market, but not that much. So why can a minor cut in supply affect the price worldwide? Because the oil market has something […]

Chinese President Xi JinPing is calling for wider participation in his country’s massive “One Belt, One Road” infrastructure project. Xi hosted a summit in Beijing over the weekend to tout the benefits of the plan, which will expand trade links between China, Asia, Africa and Europe. Meanwhile, the Trump Administration is pushing ahead with its “America […]

The global cyberattack known as WannaCry continued to spread today, with 300,000 computers infected in 150 countries. The attack involves so-called ransomware, which basically holds the important files of victims hostage and then demands payment to unlock them. In this case, payment is the virtual currency bitcoin. Given to the scale of the attack, it […]

Spirit Airlines is in the spotlight this week after cancelled flights led to a near riot at its hub in Fort Lauderdale. The discount airline blamed “unlawful labor activity” by the pilots during contract negotiations, with their refusal to work some flights causing hundreds of cancellations. The union has denied the accusation but says its […]