Business & Financial News, U.S & International Breaking News

Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook, putting the crude benchmarks on course for their biggest daily and weekly falls in six months.

Iran will not surrender to U.S. pressure and will not abandon its goals even if it is bombed, President Hassan Rouhani said on Thursday, stepping up the war of words between the Islamic Republic and the United States.

Tesla Inc is on course to deliver a record number of cars in the second quarter, beating the 90,700 it sent to customers in the final quarter of last year, according to an internal email from Chief Executive Officer Elon Musk to staff.

German shipping firm Bernhard Schulte Shipmanagement (BSM) has moved to legally detain three of Venezuelan PDVSA's oil tankers to collect on late payments owed to it by the state-run oil company, according to a document seen by Reuters and sources close to the decision.

A relentless barrage of violent weather in the central United States left three people dead on Thursday, local media said, as tornadoes raked across southwest Missouri and devastated the state capital, and heavy rain flooded rivers in Oklahoma.

The Senate Armed Services Committee has proposed $301 million in new funding to enhance housing safety and oversight on U.S. military bases, following Reuters reports documenting squalid conditions in privately run military homes, senior committee staff said Thursday.