US oil reserves fall about 17 million barrels

The US Energy Information Agency (EIA) revealed that commercial oil reserves in the United States suffered a spectacular drop of 17 million barrels during the week ending July 28. This reduction is much greater than what the market expected…

Apple on the brink of a lawsuit in the UK

US-based tech giant Apple is facing a £785m lawsuit in the UK over its alleged dominant position and the fees it imposes on developers using its app platform. The lawsuit was filed last Tuesday by University of East Anglia competition…