President Obama plans a tax of $10 (£6.85) on every barrel of oil from US producers to help fund green transportation projects.

SAN FRANCISCO (Reuters) – GoPro’s fall from grace has created a rush by traders to short the camera maker’s stock, but they may soon face a squeeze as institutional shareholders sell their shares after six months of declines.

TOKYO (Reuters) – Sharp Corp has chosen Taiwan’s Foxconn as its preferred bidder in takeover talks, sources with knowledge of the decision said, paving the way for the biggest acquisition by a foreign company in Japan’s insulated technology sector.

Several companies were hit by hours of system warnings after 15 GPS satellites broadcast the wrong time, according to time-monitoring company Chronos.

Follow our pipeline from the 1860s, the birth of the modern oil industry, to see the ups and downs that oil prices have undergone.

Bank of England governor Mark Carney said it was an “easy decision” not to raise interest rates this month.