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By Alex Lawler



a close up of a sign: FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture


© Reuters/Dado Ruvic
FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture

LONDON (Reuters) – World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits.



Mohammed Barkindo in a dark room: OPEC Secretary General Barkindo delivers his speech in Vienna


© Reuters/LEONHARD FOEGER
OPEC Secretary General Barkindo delivers his speech in Vienna

The prediction from the Organization of the Petroleum Exporting Countries, made in its 2020 World Oil Outlook, comes amid a growing number of other forecasts that the pandemic may prove the tipping point for peak oil demand.

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Oil use will rise to 107.2 million barrels per day (bpd) in 2030 from 90.7 million bpd in 2020, OPEC said, 1.1 million

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Donald Trump wearing a suit and tie looking at the camera: Getty


© Getty
Getty

  • President Donald Trump appeared to change course and called on Congress to pass standalone stimulus bills — hours after ending coronavirus aid negotiations with Democrats.
  • He urged lawmakers to approve measures for $1,200 stimulus checks, small business aid, and direct assistance to airlines to prevent layoffs.
  • He said he would immediately sign those bills, but House Speaker Nancy Pelosi and top Democrats previously rejected Republican attempts to pass standalone bills.
  • Visit Business Insider’s homepage for more stories.

 

Only hours after unexpectedly ending negotiations on another federal coronavirus rescue package, President Donald Trump urged Congress to pass standalone bills on direct payments and assistance to airlines and small businesses — all measures that would have likely been included in the larger piece of legislation that was being negotiated between the White House and Democrats.

Major airlines are moving to layoff 32,000 workers in the coming weeks, and it

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INDIANAPOLIS (AP) — During what would normally be primetime for Midwest apple-picking, orchards around Indiana are running out of apples early this season following a late spring freeze that obliterated much of the state’s crop.

Statewide temperature drops in late April and early May wreaked havoc on the budding, flowering apple trees unable to withstand the cold. The sub-freezing snaps — which led to severe fruit damage and significant crop loss — impacted roughly 70% of the apple crop, said Peter Hirst, a tree fruit specialist at Purdue University.

“It’s the worst we’ve seen in quite some time, in decades in Indiana,” Hirst said. “This is really rare for us to have damage as severe as what we’ve seen this year.”

Damage was widespread across Indiana’s orchards, but growers say cold-related damage in neighboring Michigan — the country’s third-largest apple-producing state — was likely limited to crops in the southwest,

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The U.S. economy won’t be back on track until late 2022 or sometime in 2023, said Dallas Fed President Rob Kaplan on Tuesday.

In an essay on the outlook for the economy and Fed policy, Kaplan said he thinks the current level of the Fed’s policy interest rate between zero and 0.25% will be appropriate until the economy has weathered the pandemic and is on track to achieve the central bank’s goals of full employment and price stability.

“My best judgement is that it will take at least until late 2022 or sometime in 2023 for these criteria to be met,” Kaplan said.

It is at this point that Kaplan would take a different path than his colleagues.

At its meeting earlier in September, the Fed promised to keep interest rates at zero until inflation is on track to “moderately exceed” the central bank’s 2% target “for some time.”

Kaplan

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  • Cindy McCain, the wife of the late GOP Sen. John McCain of Arizona, formally endorsed Joe Biden for president.
  • “My husband John lived by a code: country first,” McCain wrote in a tweet. “We are Republicans, yes, but Americans foremost. There’s only one candidate in this race who stands up for our values as a nation, and that is Joe Biden.”
  • Biden initially announced McCain’s endorsement during a fundraiser Tuesday.
  • McCain’s support could make waves in the battleground state of Arizona ahead of the heated 2020 election.
  • “Maybe I shouldn’t say it, but I’m about to go on one of these Zooms with John McCain’s wife, who is first time ever is endorsing me because of what he [Trump] talks about with my son and John’s who are heroes — who served their country, you know — he said they’re losers, they’re suckers,” Biden said during the fundraiser.
  • Biden’s announcement
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CLOSE

Titans head coach Mike Vrabel addresses reporters following Tennessee’s 16-14 victory over the Denver Broncos on Monday Night Football.

Nashville Tennessean

DENVER — He was awful. He was a disaster. He was the latest headache in an ongoing nightmare for the Titans …

Until he wasn’t.

For a moment, at least.

Stephen Gostkowski was 0-for-3 on field-goal attempts as Monday night’s game against the Denver Broncos entered its final moments. On attempts from 47, 44 and 42 yards away, he was wide right, wide left and had one blocked – the worst kind of hat trick.

But the recently signed kicker’s 25-yarder with 17 seconds left sailed through the uprights to rally the Titans to a 16-14 win, making Gostkowski the unlikeliest of heroes, if you could call him that.

“It’s definitely an opportunity I didn’t deserve, but grateful I got it for the team,” Gostkowski said. “The guys

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  • Facebook said it will pay thousands of users to participate in an independent study of how its social media products influence the 2020 US elections.
  • The company wants to know “whether and how” social media changes people’s votes, but said it doesn’t expect results until at least mid-2021, long after Americans will have cast their ballots.
  • Researchers are asking why Facebook waited until two months before the election to start the study, and whether its focus might end up understating the impact of political misinformation.
  • They applauded Facebook for promising to be more transparent than it has in the past but also worried it could use the study to absolve itself of responsibility and future criticism.
  • Visit Business Insider’s homepage for more stories.

Facebook was first warned in late 2015 that Cambridge Analytica was misusing data illicitly harvested from millions of Americans in an attempt to sway the 2016 US

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  • A batch of electric-vehicle startups — such as Lucid, Rivian, and Fisker — has launched exciting new vehicles and attracted billions in investment.
  • The traditional auto industry is also shifting to EVs and taking stakes in startups: GM acquired an 11% share in Nikola last week.
  • Everyone is banking on the EV market growing and growing fast, but it’s currently tiny, and Tesla has a commanding lead.
  • Ultimately, the market may never grow large enough to support the level of investment that’s now being undertaken.
  • Visit Business Insider’s homepage for more stories.

 

As Tesla was busy becoming the most valuable automaker in the world, minting a market capitalization well over $350 billion, a bunch of new names were entering the electric-vehicle race.

Lucid, Nikola, Fisker, and more either made big announcements or pulled the cover off new, Tesla-fighting designs. Nikola and Fisker both went public in 2020 through “special purpose

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Manly have blown their glimmer of hope to play NRL finals this year after a stunning late collapse against the Wests Tigers at Lottoland.

The Sea Eagles led by 14 points with 11 minutes to play before the Tigers laid on three tries, including an Adam Doueihi double, for an extraordinary 34-32 win.

Doueihi, playing in the centres, crossed for a try with just two minutes on the clock to level the scores at 32-all before kicking the conversion to snatch victory.

A hat-trick of tries from winger David Nofoaluma set up the frenzied finish on Saturday, which resigned the Sea Eagles to their sixth-straight loss.

Love the NRL? Australian users can personalise their ESPN experience by downloading the App. Get live scores, news and videos ANYWHERE, ANYTIME.

• Download ESPN from Google Play Store
• Download ESPN from iTunes App Store
• Get NRL news and more

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(Bloomberg Businessweek) — How did the chemical required to make heroin remain almost unregulated in Mexico as overdose deaths in the U.S. mounted? The answer seems to rest, in part, on the danger of default settings.



a group of shoes on the ground: Police photos from a May 2019 bust in Sinaloa state. The jugs contain acetic anhydride.


© Photographer: Jake Naughton for Bloomberg Businessweek
Police photos from a May 2019 bust in Sinaloa state. The jugs contain acetic anhydride.

The story starts in 1987. Amid a surge of violence and addiction driven by cocaine trafficking to the U.S., the Central Intelligence Agency and the Drug Enforcement Administration made an embarrassing discovery: American companies were selling and exporting about 95% of the chemicals South American drug cartels used to make cocaine.

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Read More: The U.S. Narcotics Crisis Is Made in Mexico With American Raw Materials

The chemical companies were on an honor system; they were expected to contact the DEA when they suspected their products were being used for illegal

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