* Oil at $55 a barrel, down from $78 before Trump inauguration * US oil rig count expected to drop if crude stays below $60 * Tariffs will hike costs for steel and oil-drilling gear By Arathy Somasekhar HOUSTON, April 11 Reuters) - President Donald Trump moved on his first day in office to increase U.S. oil and gas production,...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

By Arathy Somasekhar HOUSTON Reuters) - President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country's oil industry is actually starting to think about cutting output and jobs due to a double whammy of higher crude output from OPEC and on-again, off-again tariffs that have dented demand. The U.S. is...

06:06 AM EDT, 04/11/2025 (MT Newswires) -- GSK CEO Emma Walmsley said the pharmaceutical firm has taken precautionary steps to protect its global operations from possible US tariffs on medicines, Bloomberg News reported Friday, citing an interview held in London. Walmsley told Bloomberg GSK had overhauled its supply chain following the Haleon separation, incorporating backup sourcing to improve operational stability....