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Oil fell to a six-month low in London as Iran vowed to boost production immediately after sanctions are lifted and manufacturing in China slowed.

Crude slid into a bear market last month, joining a broader slide in raw materials amid expanding supplies and signs of slower growth in China. In fact, the prospect of new oil from Iran and increasing output from Iraq and Saudi Arabia has also helped push prices lower.

Oil prices plummeted Monday as market expected crude production from the Organization of Petroleum Exporting Countries (OPEC) hit record high in July.

Xiaomi has regained its top spot in the Chinese smartphone market in the second quarter of 2015, outselling Huawei and Apple, according to a Canalys market survey.

On Monday, the rout deepened after data showed Chinese manufacturing growth unexpectedly stalled in July and U.S. consumer spending advanced at its slowest pace in four months in June as demand for automobiles softened.

Play video “Greece Crisis: Brain Drain To UK”.

Brent crude, the global benchmark, fell about 50 per cent last year and dropped 2.1 per cent on Friday to $52.21 a barrel on the London-based ICE Futures Europe exchange. Oil companies in the U.S. have made an unprecedented cutback in drilling after prices slumped to a six-year...

On a global scale, we recently informed you about the standings where Apple took the top spot, followed by Samsung, and Xiaomi. Though being different than each other, Xiaomi and Huawei are in a headlock to prove themselves in the Smartphone industry.

West Texas Intermediate for September delivery fell 95 cents US, or 2 per cent, to US$47.57 a barrel at 12:41 p.m. on the New York Mercantile Exchange.

Research firm Strategy Analytics late Wednesday reported Apple (AAPL) and China’s privately held Huawei gained share of the global mobile phone market in Q2, while both Samsung Electronics (005930KS) and Microsoft (MSFT) saw their respective share decline. But now...

Apple’s iPhone unit sales grew 35% which is nearly 3X the rate of growth of the smartphone market overall and gained share in all of their geographic segments. “Apple outperformed as consumers in China and elsewhere upgraded to bigger-screen iPhone 6 and 6 Plus...

According to the survey, OPEC pumped more than 32 million barrels per day this month, up 140,000 bpd from June, reaching the highest monthly level in recent history. Russia, which is not part of OPEC but is the world’s top crude producer and depends heavily on energy...

Microsoft’s 6 percent global mobile phone share is sitting near an all-time low.

James Hansen, a leading climate change activist and scientist, as well as world leaders, is warning everyone that it would be very risky if the temperature of the Earth rises 2 degrees Celsius. In the summit, world leaders aim to agree on a legal bind and universal agreement that...

This underlines the persistence of the glut in supply, already lowering oil prices with the anticipated swift return of Iranian output to the market.