Posts

Showing posts from November 10, 2023

Oil is expected to drop for a third week as concerns about demand mount.

Image
                                                                                     Source REUTERS  Oil is expected to drop for a third week as concerns about demand mount. November 10, LONDON (Reuters) - Although oil prices increased on Friday, they are expected to decline for a third week due to decreasing demand and the focus of the market on OPEC and its allies this month for a crucial meeting that will decide the group's next course of action on production. At 1109 GMT, the January contract for Brent crude was up 84 cents, or 1.1%, at $80.85 a barrel, while the December contract for U.S. West Texas Intermediate (WTI) crude was up 78 cents, or 1%, at $76.52. Each contract is expected to decline by roughly 5% each week. "Concerns about demand have replaced the fear of production outages related to the Middle East conflict," stated Commerzbank. This week's weak Chinese economic data heightened concerns about declining demand. Furthermore, Chinese refiners, who purc

To get Epic to release Fortnite on the Play Store, Google promised them $147 million.

Image
                                                                                       Source Theverge.com To get Epic to release Fortnite on the Play Store, Google promised them $147 million.  Google feared that a "contagion" of defecting developers might have reduced its Android income by billions. In court, Google acknowledged that Epic received a $147 million offer to release its popular game Fortnite on the Google Play Store for Android smartphones. The agreement, which was authorized and sent to Epic but rejected, according to Google's VP of Play Partnerships Purnima Kochikar, called for the money to be paid to the game publisher in three years' worth of "incremental funding" that would have ended in 2021. The intention was to stop a possible "contagion" of well-known programs avoiding Android's official store and, consequently, Google's hefty in-app purchase costs. 2018 saw the direct release of Fortnite on Android by Epic via its we