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Japan second-quarter GDP beats expectations

Japan’s economy grew faster than expected in the second-quarter of the year as consumer spending and capital expenditure ramped up. Gross domestic product expanded at an annualised rate of 4% in the April-to-June period, government data showed, beating expectations for a 2.5% rise. The economy grew 1% compared to the …

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IEA Cuts Estimates for Crude Needed From OPEC in 2017, 2018

The International Energy Agency cut estimates for the amount of crude needed from OPEC this year and in 2018 after lowering its historical assessments of consumption in some emerging nations. World oil markets are re-balancing as the Organization of Petroleum Exporting Countries and its allies implement production cuts, the IEA said …

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Snap shares plunge as losses mount

Snap shares plunged 14% on Thursday after the social media firm reported more than $400m (£310m) in quarterly losses and fewer than expected users. The share price fall extended a decline that started almost immediately after Snapchat started trading on the stock market this spring. The firm reported 173 million …

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Facebook introduces new video service

Social media giant Facebook has made a move into dedicated video, pitting it against YouTube and TV networks. Users will soon see a new Watch tab that will offer a range of shows, some of which have been funded by the social network Watch will be personalized so that users …

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