Iraq’s southern oil exports averaged 3.566 mln bpd so far in July: Oil officials

A picture taken on July 14, 2018 shows a view of the oil fields in Al-Qurnah, some 100 kilometers north of Basra in southern Iraq. (Haidar Mohammed Ali/AFP)
Updated 17 July 2018
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Iraq’s southern oil exports averaged 3.566 mln bpd so far in July: Oil officials

BASRA, Iraq: Iraq exported an average of 3.566 million barrels per day from its southern oilfields so far in July, said senior oil officials.
The officials said nine days of protests over poor basic services which have swept southern cities have not affected production or export operations in OPEC member Iraq.


Apple to build new $1 billion campus in Austin

Updated 47 min 6 sec ago
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Apple to build new $1 billion campus in Austin

  • Apple Inc. said it would spend $1 billion to build a second campus in Austin, Texas
  • Apple will also set up sites in Seattle, San Diego and Culver City, California

NEW YORK: Apple Inc. said on Thursday it would spend $1 billion to build a second campus in Austin, Texas that will house as many as 15,000 workers, amid a broader push by many US companies to create more jobs at home.
The iPhone maker had announced at the start of the year it would invest $30 billion in the United States, taking advantage of a tax windfall stemming from US President Donald Trump’s sweeping tax reforms.
The 133-acre campus in Austin will employ workers across various functions including engineering, R&D, operations and finance. The city is already home to the second largest number of Apple employees outside its headquarters in Cupertino, California.
Apple will also set up sites in Seattle, San Diego and Culver City, California and hire over 1,000 employees each in these locations, while also expanding operations in Pittsburgh, New York and Boulder, Colorado over the next three years.
Many American multinationals have been facing political pressure to ramp up investments at home as part of Trump’s “America First” policies, which have left the United States embroiled in a bitter trade war with China. The president has also warned of tariffs on iPhones and other Apple products imported from China.
Apple’s technology rival Amazon.com Inc. last month ended a months-long search for its second headquarters, picking New York City and an area just outside Washington, D.C. for massive new offices, with plans to create thousands of jobs.
The new Austin campus will be located less than a mile away from Apple’s existing facilities, and will first house 5,000 new employees with the capacity to expand to 15,000.
The company, which last year moved into its sleek “spaceship” campus in Cupertino, said jobs at the new Austin center would include engineering, research and development, finance and sales functions.