Billions of dollars spent by Saudi Arabia on cutting edge Western military hardware mainly designed to deter high altitude attacks has proved no match for low-cost drones and cruise missiles used in a strike that crippled its giant oil industry.
Business & Financial News, U.S & International Breaking News
Oil steps back on Saudi supply reassurance, focus shifts to Fed
Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month's end while caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.
Migrant mothers and children sue U.S. over asylum ban
More than 125 migrant mothers and children have sued the U.S. government, claiming the Trump administration has violated the rights of asylum-seekers through the arbitrary and capricious implementation of a virtual asylum ban at the southern border.
New York state ban on flavored e-cigarettes given final approval
New York became the second state to ban flavored e-cigarettes on Tuesday after its Democratic governor called for emergency action in response to concerns about their rising use among teens and a nationwide spate of lung illnesses.
Trump to bar California from setting vehicle emission rules: sources
The Trump administration will announce as early as Wednesday it is revoking California’s authority to set its own greenhouse gas and vehicle fuel efficiency standards and barring all states from setting such rules, two auto industry officials said on Tuesday.
Trump says China trade deal could come before U.S. election, or not
U.S. President Donald Trump said on Tuesday his administration could seal a deal on trade with China before the U.S. presidential election, or an agreement could be reached the day after U.S. voters go to the polls.
Exclusive: Pence rebuffs Solomon Islands PM after nation cuts ties with Taiwan
U.S. Vice President Mike Pence has canceled plans to meet with the leader of the Solomon Islands to discuss development partnerships after the Pacific island cut ties with Taiwan in favor of China this week, a senior U.S. official said on Tuesday.
Exp: Sep 19
Exp: Sep 19
Exp: Sep 19
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