(Bloomberg) -- OPEC+ is close to a decision to bring forward its meeting by a few days to this week, according to people familiar with the situation.The move, if confirmed, would give the oil cartel more flexibility to change its current production limits. The existing deal -- struck in April as energy demand and prices collapsed because of the coronavirus pandemic -- calls for curbs to ease from July. But that’s up for discussion at the next meeting, which will be held by video conference.OPEC members usually decide their plans for shipping oil to customers for July in the first week of June, so an earlier meeting would give them time to react quickly to the outcome.Algerian Energy Minister Mohamed Arkab, who holds the rotating presidency, proposed a date of June 4, instead of June 9-10. As of Sunday evening, the date change was still being discussed, according to one delegate.The 23-nation OPEC+ coalition led by Saudi Arabia and Russia is undertaking record oil-production cuts to prop up prices. At the meeting they will decide whether keep the existing agreement, or extend the current curbs.The Organization of Petroleum Exporting Countries and its partners committed to lowering output by 9.7 million barrels a day, or about 10% of global supply, in May and June. In addition, Saudi Arabia, Kuwait and the United Arab Emirates made further voluntary cuts of about 1.2 million barrels a day for June, bringing the total OPEC+ curbs to almost 11 million barrels a day.Production cuts are meant to be eased to about 7.7 million barrels a day in July. One option the cartel is weighing is delaying the start of the tapering by up to three months.Nigeria and the state oil company of Abu Dhabi, the UAE’s capital, have already announced plans to increase exports in July in line with the OPEC+ deal from April.The OPEC+ agreement and recovering energy demand in China have helped push up oil prices since late April. But they are still near $35 a barrel -- barely half their level at the end of 2019 and far below what most producers need to cover government spending.Moving the gathering would also mean shifting committee meetings that normally take place before a ministerial conference to later in the month.OPEC has an Economic Commission Board meeting scheduled for June 2-3, and a Joint Technical Committee to assess implementation of the current supply cuts on June 5.(Updates with latest moves.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Amazon is limiting deliveries and shifting routes in some cities that have been rocked by protests of the killing of George Floyd.
Amazon's statement comes after some workers demonstrated earlier this year protesting coronavirus working conditions.
SpaceX delivered two astronauts to the International Space Station for NASA on Sunday, following up a historic liftoff with an equally smooth docking in yet another first for Elon Musk’s company.
New York City officials were looking for a peaceful way forward as the city entered a fourth day of protests against police brutality that have left police cars burned and led to the arrest of hundreds of people.
How Stay-In-Place Orders this Memorial Day Translated into Increased Beer Sales for the Inner-City Merchants
With that purchase, I extended a bond ladder that then stretched from March 2020 through August 2026 -- around six and a half years long. As it turns out, I made that bond purchase right around the time of the stock market's pre-coronavirus peak. A key reason that investment worked out well was what the bonds in that ladder did during the worst of the coronavirus crisis.
The Texas Restaurant Association (TRA) is extending financial support through the TX Restaurant Relief Fund to independent restaurants that have been damaged by the vandalism, looting, and rioting that erupted over the weekend after George Floyd's tragic killing. This violence is another huge setback for restaurants, bars, and other foodservice businesses that are still suffering crippling losses due to the COVID-19 Pandemic. The TRA launched the TX Restaurant Relief Fund in response to COVID-19, and now calls upon the entire community to redouble their support of the fund in response to this compounded crisis. Donations can be made by texting TRRF to 31996, visiting www.txrestaurant.org/txrestaurantrelieffund, or emailing firstname.lastname@example.org.
SAG-AFTRA President Gabrielle Carteris and National Executive Director David P. White have spoken out against the death of George Floyd and racism in the U.S. after days of protests around the country. “The murder of George Floyd is deeply emblematic of a corrosive inequality and injustice at the heart of America," Carteris and White said Sunday. "As protests […]
The Lebanese government must turn its reform ideas into reality and take concrete steps to win international support, the U.S. ambassador said in an interview broadcast on Sunday. Dorothy Shea also told OTV it was a mistake to scapegoat any one person or institution for Lebanon's economic collapse in response to a question about the role of central bank Governor Riad Salameh, who she said "enjoys great confidence in the international financial community". Lebanon is suffering an acute financial crisis seen as the biggest threat to its stability since the 1975-1990 civil war.
Teamsters Statement On Murder Of George FloydPR NewswireWASHINGTON, May 31, 2020WASHINGTON, May 31, 2020 /PRNewswire/ -- The following is a statement from James P. Hoffa, Teamsters General President, and Marcus King, Director of the Teamsters Human Rights and Diversity Commission.
Walmart employees are frustrated with flaws in the company's AI technology that is supposed to catch potential shoplifters.
Target and CVS said Sunday that they are temporarily closing certain locations, including some that were damaged during protests over the death of George Floyd in Minneapolis last week.
(Bloomberg Opinion) -- It’s impossible to watch the video of George Floyd dying — handcuffed, helpless, face down in the road, complaining he can’t breathe, as a Minneapolis police officer kneels on his neck for more than eight minutes — without feeling a surge of anger and incomprehension. Learning that the crime for which Floyd was apprehended was “forgery in progress” (he apparently bought cigarettes with a fake $20 bill) only adds to one’s sense of outrage.Over the weekend, protests in many American cities turned into riots, the most widespread in decades. In places already stressed by the Covid-19 pandemic, violence and destruction surged out of control. The protesters’ anger is right; the rioters’ wanton disregard for the safety of their fellow citizens is inexcusable.Cases in which police officers kill black Americans without cause recur with sickening regularity. They should never happen, but when they do, the authorities’ job is admittedly very difficult. They need to act swiftly, making it plain that they have seen what everybody else has seen, are no less disturbed and outraged by it, and mean to do something about it. At the same time, they must keep and speak up for public order — and for exactly the same reason: Guarding the safety of all people is their most important job.Sadly, this is a challenge Donald Trump is singularly ill-equipped to meet. A president who thrives on anger and disorder is the very opposite of what’s needed at moments like this. But leaders at lower levels of government have hardly distinguished themselves in this case, or in other recent instances of unwarranted police violence.The initial reluctance to arrest police officers, even in a case as egregious as Floyd’s, and investigations by multiple agencies dragged out to inordinate length feed the suspicion that the authorities are seeking not justice but reasons to overlook police abuses and outright crimes. The quid pro quo for the qualified immunity the police need to do their jobs is rigorous and effective accountability, which is frequently lacking, and the ability to recognize plain criminality without equivocation.It needs emphasizing that police officers are entitled to due process and to an understanding of the hazards they face in their work. But when people of good faith suspect that officers believe themselves, with reason, to be beyond the law, the damage to society is profound.As much as the anger is justified, it does not excuse the riots. Destroying the property of innocent fellow citizens and putting lives at risk cannot substitute for protest, even when the object of the protests is a great and deeply felt wrong. That wrong needs to be addressed with new conviction and urgency at every level of government. But understanding the rage is not to forgive heedless violence and destruction.Atlanta Mayor Keisha Lance Bottoms put this well: “We as a people are strongest when we use our voices to heal our city instead of using our hands to tear it down,” she said in a statement Saturday. “We know our citizens are angry. We are angry and we want justice. If we are to enact change in this nation, I implore everyone to channel their anger and sorrow into something more meaningful and effective through non-violent activism.”Editorials are written by the Bloomberg Opinion editorial board.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
VANCOUVER , May 31, 2020 /CNW/ - Rokmaster Resources Corp. ("Rokmaster" or the "Company") announces that due to the COVID-19 pandemic, the Company will postpone the filing of its condensed consolidated interim financial statements for the three-month period ended March 31, 2020 and accompanying management's discussion and analysis and related CEO and CFO certifications (collectively, the "Q1 2020 Filings"), which are required to be filed by June 1, 2020 under National Instrument 51-102 – Continuous Disclosure Obligations. On March 18, 2020 , the Canadian Securities Administrators (CSA) announced that they would provide issuers with a 45-day filing extension for filings required on or before June 1, 2020 , to allow issuers the time needed to focus on the many other business and financial reporting implications of the COVID-19 pandemic.
Retail giant Target shuttered stores across the U.S. as retailers already reeling from closures due to the coronavirus pandemic shut stores amid protests that included looting in many U.S. cities on Sunday. Protests turned violent in places including New York and Chicago in the wake of the death in Minneapolis of a black man, George Floyd, seen on video gasping for breath as a white police officer knelt on his neck. In the nearby Grove Shopping Center, which houses 51 upscale stores, Nordstrom, Ray Ban and Apple were broken into.
(Bloomberg) -- Amazon.com Inc. scaled back deliveries and adjusted routes in cities including Chicago and Los Angeles, Apple kept some outlets shut, while Target Corp. extended store closures nationwide after the death of George Floyd sparked demonstrations across the country.“We are monitoring the situation closely and in a handful of cities we adjusted routes or scaled back typical operations to ensure the safety of our teams,” an Amazon spokeswoman told Bloomberg News.Apple had reopened about 130 of its about 270 stores following the coronavirus pandemic, and most of them were closed on Sunday, the company said in a statement.Protests around the country are complicating operations for companies from Amazon, which has been one of the few consumer-facing companies to generate new business during the pandemic, to Target, which still retains a heavy bricks-and-mortar presence.Based in Minneapolis where Floyd died in police custody, Target had already closed 32 stores in the area. On Sunday, it said it was closing dozens more around the nation, at least temporarily.“We are a community in pain,” Chief Executive Officer Brian Cornell said in a statement shortly after Floyd’s death. “That pain is not unique to the Twin Cities -- it extends across America.”In Chicago and Los Angeles, Amazon delivery drivers received messages Saturday night that said: “If you are currently out delivering packages, stop immediately and return home. If you have not completed your route, please return undelivered packages to the pick-up location whenever you’re able to do so.”Amazon was “in close contact with local officials and will continue to monitor the protests,” and would only re-open delivery stations when it’s safe and will plan delivery routes by monitoring demonstrations in every zip code, according to messages reviewed by Bloomberg.(Adds Apple from first paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.