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Why Russia can not accelerate production cuts

Russia's crude oil production stood at 11.24 million Bpd for the first 18 days of April, Reuters reported Friday citing an industry source. This means that the leader of the non-OPEC group of the OPEC + agreement does not yet have to agree with the promised production cuts. As part of OPEC + production cuts between January and June, Russia …

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4 Ways Trump's tax cuts have changed the American economy

Some of its effects are already visible, and some of them will take months or even years to understand. Finally, economists are still publishing studies on the implications of the last comprehensive tax reform of 1986, signed by Ronald Reagan. The following can not and can not say what the tax cuts by President Donald Trump are] has affected the …

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DeVos returns to Special Olympics Cuts after Trump has ordered funding

That did not prevent their boss, President Donald Trump, from publicly undermining them on Thursday when he told reporters that he had "suspended" the planned cut – though this was the third year in a row, into that "The Special Olympics are being funded, I just told my people, I want to fund the Special Olympics, and I've just approved …

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Netanyahu cuts US trip to Gaza Strip near Tel Aviv

Israeli Prime Minister Benjamin Netanyahu broke off his visit to the United States on Monday, hours after a Gaza rocket hit a house in central Israel and injured seven people. "In light of the security events, I decided to make a short visit to the US," Netanyahu said, adding that he would be flying back "immediately after a meeting with …

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Trump tax cuts to support the economy for another two years: Edmund Phelps

"We are in a boom, but all booms are over, and this high level of production and employment can not be sustained," he told CNBC's Martin Soong on Sunday at China Development Forum in Beijing. Phelps won the 2006 Nobel Prize in Economics for his work on the short-term and long-term effects of economic policies. "I would be surprised if …

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Ford confirms the job cuts of new workers

CLOSE Jim Hackett describes his method of running Ford Motor Co. in an interview with the Detroit Free Press. Ryan Garza, Detroit Free Press The Ford Motor Co. eliminates more paid jobs, the company confirmed on Wednesday. According to reports, accounting, human resources, and administrative support staff working at Ford World Headquarters in Dearborn are releasing sources close to the …

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Democrats hit safety net cuts in Trump's budget as "malicious"

WASHINGTON (Reuters) – Congressional Democrats attacked the changes to the US social protection network proposed by President Donald Trump in its 2020 budget. On Tuesday, a high-level lawmaker said Trump's cutbacks in programs such as Medicaid and food aid "should do some harm". The Government Publishing Office (GPO) and the Office of Management and Budget (OMB) will publish copies of …

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