‘We will be a smaller company for a while,’ says chief David Calhoun

Move illustrates how coronavirus impact is rippling through manufacturing supply chains

Group’s founder Anil Agarwal undeterred by price crash and debt levels

Plane maker’s chief warns aerospace industry in ‘gravest crisis’ as group swings to quarterly loss amid aviation collapse

Move in response to drop in prices and demand and honours unofficial pact with Opec

US oil producer pledges to reduce output by more than a third in June

World’s second-largest diamond miner cites disruption along the supply chain

Legal marijuana producers also report spike in demand during lockdown 

Railroad commissioner had called for using decades-old state rules to reduce output

Dive into negative prices triggered pullback that helps set scene for rebound

Chief expects weak demand from mills outside China to offset supply disruptions elsewhere

Cheap shale gas has fed an investment boom in products that often end up as waste. Has the petrochemicals industry miscalculated?

Chief executive Jim Hackett signals disruption to carmaker’s plans as losses mount

Wunderlist is going away, but fans of the productivity app may find some consolation in founder Christian Reber’s announcement that he is launching a new startup called Superlist. “Superlist will be more than just a todo app, but never as bloated as the project management software you loathe to use,” he tweeted. “Slick, fast, and […]

Apple has awarded $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a company focused on producing sample collection kits for testing COVID-19 to hospitals in the U.S. The money comes from the fund that Apple established to support the development and growth of U.S.-based manufacturing, but is particularly notable because to date, the […]

Xiaomi, Vivo, Samsung, Oppo and other smartphone companies have received approval from some state governments in India to partially resume manufacturing and assembling of devices amid the ongoing lockdown in the world’s second largest handset market that completely shut operations at these plants in late March. The companies said that they have secured permission to […]

Favourable trends in employment relative to population are not going to be repeated

There is a major change ahead for LinkedIn, the social network for the working world, now with 675 million members. Jeff Weiner, who has been leading the company as CEO for the past 11 years, is stepping down on June 1, 2020. His new role will be executive chairman. Ryan Roslansky, who is currently head […]

The U.S. Food and Drug Administration (FDA) has authorized the manufacture of the Coventor ventilator, a new hardware design first developed by the University of Minnesota. The project sought to create a ventilator that could provide the same level of life-saving care as existing ventilator models, but with a much lower cost to help ramp […]

Xiaomi, Vivo, Samsung, Oppo and other smartphone companies have received approval from some state governments in India to partially resume manufacturing and assembling of devices amid the ongoing lockdown in the world’s second largest handset market that completely shut operations at these plants in late March. The companies said that they have secured permission to […]

Apple has awarded $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a company focused on producing sample collection kits for testing COVID-19 to hospitals in the U.S. The money comes from the fund that Apple established to support the development and growth of U.S.-based manufacturing, but is particularly notable because to date, the […]

Apple has awarded $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a company focused on producing sample collection kits for testing COVID-19 to hospitals in the U.S. The money comes from the fund that Apple established to support the development and growth of U.S.-based manufacturing, but is particularly notable because to date, the […]

IRL, the recently pivoted calendar app that aggregates live virtual events, has today launched a web version of the platform. The company, which has $11 million in funding from Goodwater Capital, Founders Fund and Floodgate, started as a social planning app that helped folks find each other in the real world, based on interest and […]

The WTO Secretariat has published a new report on the treatment of medical products in regional trade agreements (RTAs) amid current supply shortages caused by the COVID-19 pandemic. The report examines the extent medical products are traded among preferential partners and the difference in liberalization rates within and outside these trade agreements.

The U.S. Energy Information Administration (EIA) released updated projections of future U.S. energy production and use in its Annual Energy Outlook 2020 (AEO2020) today.

In the April Short-Term Energy Outlook (STEO), EIA forecasts that the United States will again become a net importer of crude oil and petroleum products in the third quarter of 2020 and remain a net importer in most months through the end of 2021. Fewer barrels are available for export as U.S. crude oil production continues to decline. In addition, net exports of petroleum products will be lowest in the third quarter of 2020, when U.S. refinery runs decline in response to lower demand for refined products.

In December 2019, the Organization of the Petroleum Exporting Countries and a group of other oil producers announced they were deepening the production cuts originally announced in December 2018. However, the U.S. Energy Information Administration forecasts that global oil production will rise in 2020 despite the cuts, as expected growth in non-OPEC crude oil production will offset OPEC's reduced output. Non-OPEC production will be driven by continued growth in the United States. Outside of the United States, growing crude oil production in Brazil, Norway, and Canada will also contribute to supply growth over the next 24 months. In its January Short-Term Energy Outlook, EIA reports that U.S. crude oil production in 2019 hit a record annual average of 12.2 million barrels per day. EIA forecasts U.S. production will reach 13.3 million barrels per day in 2020 and 13.7 million barrels per day in 2021. Most of the production growth occurs in the Permian region of Texas and New Mexico.

The U.S. Energy Information Administration forecasts that U.S. dry natural gas production will average 95.3 billion cubic feet per day in 2020, up 3% from 2019. However, EIA expects monthly production to generally decline through 2020, falling from an estimated 96.3 billion cubic feet per day in January to 92.3 billion cubic feet per day in December. Most of the decline in production will occur in the Appalachian and Permian regions. In the Appalachian region, low natural gas prices are discouraging drilling for natural gas. In the Permian, low oil prices are expected to reduce the associated production of natural gas from wells drilled to produce oil. In its March Short-Term Energy Outlook, EIA forecasts that U.S. dry natural gas production will average 92.6 billion cubic feet per day in 2021, down 3% from 2020. This would be the first decline in average annual natural gas production since 2016.

In the April Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that the United States will again become a net importer of crude oil and petroleum products in the third quarter of 2020 and remain a net importer in most months through 2021. More net imports of crude oil and less net exports of petroleum products drove this change. EIA expects net crude oil imports to increase because as U.S. crude oil production declines, fewer barrels will be available for export. Net exports of petroleum products will be lowest in the third quarter of 2020, when U.S. refinery runs will decline significantly because of lower demand for refined products. In September 2019, the United States exported more crude oil and petroleum products than it imported for the first month since records began in 1973. EIA previously expected the United States to continue as a net exporter in most months through 2021. However, as a result of recent significant changes in global oil market dynamics, EIA now expects U.S. imports and exports will be even in 2020. It is important to note that the April outlook is subject to heightened levels of uncertainty because the impacts of the 2019 novel coronavirus disease on energy markets are evolving.

In the April 2020 update of its Short-Term Energy Outlook (STEO), released on April 7, and before a recently announced agreement by oil producing countries to limit production, the U.S. Energy Information Administration (EIA) forecasts that U.S. crude oil production will average 11.8 million barrels per day (b/d) in 2020, a 4% decline from the 2019 production levels. Crude oil production will average 11.0 million b/d in 2021, a 6% decline from 2020 (Figure 1). If realized, the STEO 2020 production decline would mark the first annual decrease since 2016. The majority of the forecasted production decline occurs between the first and fourth quarters of 2020, dropping from 12.7 million b/d to 11 million b/d (13%) and remaining around that level through 2021. The forecast did not incorporate the April 12 joint announcement by the Organization of the Petroleum Exporting Countries (OPEC) and several other non-OPEC countries to reduce crude oil production. These production reductions may significantly affect global balances and could provide upward price pressure that would affect U.S. crude oil drilling and production. ...

While Jackbox clearly owes a great deal of its current popularity to the shelter-in-place policies, they've also been honing their craft for years. It's worth looking at what makes them work.

IRL, the recently pivoted calendar app that aggregates live virtual events, has today launched a web version of the platform. The company, which has $11 million in funding from Goodwater Capital, Founders Fund and Floodgate, started as a social planning app that helped folks find each other in the real world, based on interest and […]

Owners of small businesses, caught between financial struggles and health hazards, must learn to operate as efficiently as they can from the safety of their own homes.

Married At First Sight was equal parts Jerry Springer and Downton Abbey in an uneven, scripted affair on Tuesday night.

An Australian make-up enthusiast has transformed herself into Kim Kardashian using beauty products, and some say it looks better than the original.

MasterChef Australia viewers have called out the competitive cooking show for a long camera product placement on Thursday's episode.

Survey asked individuals how they have adapted since shifting from the office to their home amid the coronavirus pandemic and one-third said they are more productive than when in the office.

As seen time and again, the coronavirus epidemic is effecting every facet of daily life, and the same goes for celebrities as well.

Former Home and Away star Pia Miller, 36, has shared her beauty regime with fans. Known for regularly going makeup free, Pia listed her seven go-to products responsible for her youthful visage.

On the eve of the Big Day, Elsa McAlonan looks at the best Royal Wedding beauty buys...

The laws governing the labelling on organic foods do not extend to beauty products. A product can be called organic if it contains only tiny amounts of organic ingredients.

Hair can suffer at this time of the year, with sun and sea leaving it dry and unmanageable. But there are plenty of products designed to restore hair health in a matter of minutes.

Using oils in our beauty regime is commonly thought to do more harm than good. If spots or greasy hair are a concern, slathering on a rich, pore-clogging oil is the last thing you’d think of doing.

Exclusive research for the Daily Mail has shown that most of us get only a fraction of the protection we think we're getting from our cosmetics and as a result we are putting ourselves at serious risk of skin damage.

If you could take just four beauty products to a remote desert island.. what would they be? Top Australian makeup artist Heidi Hamoud shares her tips for the perfect dewy base and killer lashes

Cuvee Beauty's founder and CEO, Rachel Katzman, shares three easy and on trend hairstyles to try this summer using her champagne infused product line.

There are a plenty of hard-working body lotions, facial serums, hair masks and beauty devices to help you restore and care for your holiday-ravaged skin.

The 42-year-old six-time Super Bowl Champion announced via Instagram on Monday that he is launching multi-platform content company named 199 Productions.

An Australian mother invented a makeup removal pad two years ago that now sells every 30 seconds around the world.

An entrepreneurial couple have been reaping the benefits of the COVID-19 lockdown, making millions of dollars from selling their blue light blocking glasses while the population work from home.