Middle Eastern countries are experiencing setbacks in plans to expand their oil-refining capacity, dealing a blow to efforts to address an expensive irony: petroleum-rich nations importing products such as gasoline.
Germany’s biggest auto makers have clinched a deal to buy Nokia’s digital mapping business, beating out rival bidders for some of the vital technology for self-driving cars in a $3.1 billion acquisition.
More economists believe the federal government’s loose standards for student loans are fueling a vicious cycle of higher college tuition prices, similar to what some say happened with the housing bubble.
“Mission: Impossible—Rogue Nation” opened in first place at the box office with an estimated $56 million, a terrific boost for the spy series and its star, Tom Cruise. Audiences, however, didn’t go with “Vacation,” the latest National Lampoon installment.