Business


The American Health Care Act

On top of all that, booting 23 million Americans off their health insurance, as estimated by the Congressional Budget Office , would be devastating to men and women and is nothing short of reckless. Cornyn, appearing on the " Chad Hasty Show ", said that the Senate will "absolutely" repeal Obamacare "by the end of July at least". Obama had used increased taxes on the wealthy to help pay for the Affordable Care Act .



German FM plays down spat with US

While it is unclear whether Merkel has deliberately picked a fight with Trump or misspoken and bitten off more than she can chew, challenging his stance is popular in Germany. The Social Democrat leader then said it did not matter that Merkel and he were in the middle of an election campaign, as "the chancellor represents all of us at summits like these, and I reject with outrage the way this man takes it upon himself to treat the head of our country's government".



Oil slips further on disappointing OPEC meeting outcome

The July crude contract fell $2.46 at US$48.90 per barrel, its biggest decline in more than two months. In August 2014, the average daily output was 10.84 million barrels. The cartel next meets in November. That will be welcome news to consumers and energy-hungry businesses worldwide but could continue to strain the budgets of some of the more economically-troubled oil-producing nations, like Venezuela and Brazil.


Six People Killed in London 'Terrorist Attacks'

Six People Killed in London 'Terrorist Attacks'

On London Bridge , witnesses described seeing a white van mounting the sidewalk and injuring at least six people at about 10:30 p.m. Rowley said the assailants were wearing fake explosive vests. Officials also said one police officer was injured while responding to the London Bridge incident. The first incident was reported at London Bridge when a van swerved off the road into a crowd of pedestrians, BBC reported.



Slow US jobs growth takes shine off dollar, stocks hold all-time highs

Eastern Time. Economists surveyed by MarketWatch are forecasting 185,000 jobs were created last month. Wall Street's top banks see the Federal Reserve as being on track to raise interest rates at its policy meeting later this month even after a government report showed a severe pullback in hiring in May, a Reuters poll showed on Friday.