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Saudi energy minister concerned about oil price volatility

Saudi energy minister concerned about oil price volatility

World
Saudi Arabia's energy minister said Sunday that major oil producers need to do better to narrow swings in prices that dip below $ 60 a barrel and rise above $ 86. "I think what we need to do is narrow the range ... of volatility," Khalid al-Falih said. "We need to do better and the more producers that work with us, the better we're able" to do so, he told the Atlantic Council's Global Energy Forum in Abu Dhabi. Cautious not to set a price target or range, he explained there are consequences when oil prices dip too low or rise too high. Last month, OPEC countries, including Saudi Arabia, and other major oil producers agreed to cut production by 1.2 million barrels a day to reduce oversupply and boost prices for the first six months of 2019. Oil producers are under pressure to reduce produ...
UNICEF concerned 150K Iraqi children unprepared for cold

UNICEF concerned 150K Iraqi children unprepared for cold

World
Dec. 10 (UPI) -- More than 150,000 Iraqi children are unprepared for freezing temperatures that are on the way, the United Nations children's agency said Monday. Efforts are underway to find hard-to-reach families and supply them with winter clothing. Many are members of the Yazidi ethic group, who are internally displaced after years of war and violence. "Winters in Iraq are harsh. It rains and snows and temperatures can fall below zero in the northern part of the country, where a majority of Yazidi and other displaced children live. It impossible to afford fuel for heating and winter clothing to keep their children warm," UNICEF said in the report Monday. "The devastating floods have made this winter even more difficult for displaced children who are extremely vulnerable to hypothermia ...
RBI bans Bitcoin and other virtual currencies, investors concerned for tax dues

RBI bans Bitcoin and other virtual currencies, investors concerned for tax dues

Finance
MUMBAI: A day after the Reserve Bank of India (RBI) barred banks from dealing in cryptocurrencies, investors rushed to square off positions and sought advice on how much tax they should pay on returns made in FY18 and if they can do so before the July-end deadline. The worry is that they may be left holding the virtual currency if they don’t sell it now and transfer the money into their bank accounts. They also fear a crackdown by tax authorities and other government agencies, experts said. Bitcoin exchanges such as Zebpay and CoinSecure saw a spike in transaction volumes of about 40%, with about 90% of that being on the sell side, sources said. Respondong to an email query, a spokesperson for CoinSecure said, “Yes, there has been some amount of panic selling. We’ve seen a 4x increase in o
U.S. experts concerned about efficacy of flu vaccine this year

U.S. experts concerned about efficacy of flu vaccine this year

Health
Dec. 1 (UPI) -- Health officials are looking to the Southern Hemisphere for clues as to what this year's flu season might look like -- hint: it's not good.Researchers from the National Institutes of Health and World Health Organization met in Australia this week to discuss the challenges of producing an effective flu vaccine.As summer approaches, the flu season is winding down in Australia and the rest of the Southern Hemisphere. But in the United States, flu season is beginning to kick into gear.A new study shows Australia experienced an increase in influenza-related hospitalizations and deaths over the winter compared to last year. The research, published in the New England Journal of Medicine, suggests the vaccine in Australia had a success rate of just 10 percent.Officials in the Unite...