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OPEC, in major shift, says oil demand to plateau in late 2030s

World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that

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OPEC chief says the worst is over for oil market

OPEC Secretary General Mohammad Barkindo said on Thursday the worst was over for the oil market, following a price and demand collapse this year due to the coronavirus pandemic.

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Hyundai Motor to recall Kona EV in South Korea over concern of fire risk

Hyundai Motor Co will voluntarily recall its Kona electric vehicles as a possible short circuit due to what may be faulty manufacturing of its high-voltage battery cells could pose a

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AMC to open more cinema theaters in the United States

AMC Entertainment Holdings Inc AMC.N, the largest theater chain in the United States, said on Thursday it expects to open more locations in Washington state and have more than 520

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Bank of America to get into small dollar lending

Bank of America Corp BAC.N said on Thursday it was launching a new low-cost loan product for checking customers who may be pressed for cash. Balance Assist, which will be

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Dick’s Sporting Goods to hire 9,000 holiday season workers, eyes surge in online orders

Dick’s Sporting Goods said on Thursday it will hire up to 9,000 workers to cover the holiday season in its stores, 1,000 more than last year, expecting a jump in

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UK regulator seeks to review O2-Virgin deal

The British competition regulator has asked to review the merger between Liberty Global’s LBTYA.O Virgin Media and Telefonica’s O2 TEF.MC instead of Brussels because any impact on consumers will be

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