Oil prices rose by almost 1 percent on Tuesday, lifted by a weak dollar, tensions in the Middle East and concerns of a further fall in Venezuelan output. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $62.59 a barrel at 0656 GMT, up 53 cents, or 0.9 percent, from their previous close. Source: Reuters
The launch of Huawei’s latest smartphone, the Mate 30, has been hampered by the ongoing trade war between China and the US, which has resulted in Google pulling its apps and services from the company’s new devices. Source The Guardian
Although economic output continues to double the growth rates of the euro zone, the pace of that growth is slowing down. First- and second-quarter growth were both around 0.5%, making it difficult for the economy to expand at a rate of 2.2% in 2019, as the Spanish government had forecast. Source El Pais
Technicians are busy examining a new Magnetic Levitation Train prototype in a factory in Zhuzhou, central China’s Hunan Province, SHINE reported. Zhuzhou, a city known as a forerunner of China’s rail transit manufacturing industry, is fostering innovation and production of Maglev trains. Source Asia Times
