Gulf Times - cuts
Opec and allies agree to deepen oil output cuts

Opec and allies agree to deepen oil output cuts

Opec and allies led by Russia on Thursday agreed one of the deepest output cuts this decade to prevent oversupply in a deal that will apply for the first three months of 2020.

Acting Pentagon chief makes visit to Kabul, denies US troop cuts

Acting Pentagon chief makes visit to Kabul, denies US troop cuts

The acting US Secretary of Defence Patrick Shanahan arrived in the Afghan capital for an unannounced visit on Monday, meeting with top officials from NATO and the government.

Ryanair warns of job cuts in Germany if strikes persist

Ryanair warns of job cuts in Germany if strikes persist

Ryanair warned Tuesday that it may slash jobs and close some bases in Germany if it is hit with more strikes, a day before a planned work stoppage for better pay and conditions.

Oil falls as rising Libyan, US output undermines cuts

Oil falls as rising Libyan, US output undermines cuts

Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing US production that is undermining OPEC-led production cuts aimed at tightening the market.

Nepal cuts growth outlook to the lowest in 14 years

Nepal cuts growth outlook to the lowest in 14 years

Earthquake-stricken Nepal cut its economic growth forecast yesterday for the fiscal year that ends in mid-July to the lowest in 14 years...

BP says to axe 4,000 jobs globally on oil price slide

BP says to axe 4,000 jobs globally on oil price slide

British energy major BP said Tuesday that it will axe more than 4,000 jobs worldwide over the next two years in response to collapsing oil prices.