US midstream companies have seen pipeline utilizations rates crash in recent months, but some of these firms can't wait for better times and are forced to diversify away from oil....
June 13, 2020
The return of the US shale boom is very unlikely as most companies operating in the industry are set to face bankruptcies due to rising capital costs, Rick Rule, CEO...
June 13, 2020
American Express has become the first foreign company to be allowed to process yuan transactions in China as it received final approval to start operating a bank card clearing network...
June 13, 2020
One of the most valuable US tech companies, Amazon, is facing scrutiny in both California and Washington as state investigators are reportedly looking into its business practices, according to media...
June 13, 2020
Fearing US sanctions, Brazilian state-run oil company Petrobras says it will not deal with ships that operated in Venezuela over the past year. “We have recently reinforced to our suppliers...
June 13, 2020
The French praised the altruism of their prized textile and luxury goods companies when production facilities got diverted from churning out the latest fashions to making cloth masks designed to...
June 13, 2020
The French praised the altruism of their prized textile and luxury goods companies when production facilities got diverted from churning out the latest fashions to making cloth masks designed to...
June 13, 2020
The French praised the altruism of their prized textile and luxury goods companies when production facilities got diverted from churning out the latest fashions to making cloth masks designed to...
June 12, 2020
Stocks ended another bumpy day on Wall Street with solid gains Friday, but the market still finished with its worst week in nearly three months. Stocks turned wobbly this week...
June 12, 2020
Once again propelling itself ahead in global electric vehicle markets, Beijing has just rolled out a new credit scheme that will essentially pay citizens to make the switch to EVs....
June 12, 2020
The global leader in diamond mining, Russia's ALROSA, expects sales of its gems to reach 25 million carats in 2020, according to the company's Deputy General Director, Alexey Filippovsky. Revenues...
June 12, 2020
There are very few industries in the world that have been hit as hard or are set to face as many consequences as the oil and gas industry in 2020....
June 12, 2020
South Korea's shipyard Daewoo Shipbuilding & Marine Engineering (DSME) has received an order from Russian gas producer Novatek for the construction of two LNG tankers to operate in Kamchatka and...
June 11, 2020
South Carolina educators talked Thursday about how schools can prepare to have students return in about two months amid the COVID-19 pandemic even as nearly all indicators about the disease's...
June 11, 2020
NFL star J.J. Watt, NBA player Chris Paul and country singer Brad Paisley will appear in an Amazon series that highlights everyday people who are supporting their community during the...
June 11, 2020
Tyson Foods shares fell Thursday after the company said it is cooperating with a federal investigation into price-fixing in the chicken industry. Springdale, Arkansas-based Tyson Foods Inc. said it was...
June 11, 2020
The latest data from the Treasury Department shows that the US gross national debt has exceeded $26 trillion for the first time, as the nation grapples with economic relief from...
June 11, 2020
Global economic systems were built for an era with older technology that counted on growth and inflation, and the only thing now driving growth is easy credit, says the founding...
June 11, 2020
German flagship carrier Lufthansa announced on Thursday that it will ax thousands of jobs amid projections of a bleak future for the global airline industry in the wake of the...
June 11, 2020
An additional 1.55 million Americans are expected to have filed for unemployment benefits in the week ending June 6, according to economists. However, the figure is projected to be down...
June 11, 2020
Oil and gas exploration and production companies are set to be the hardest hit of any sector in 2020, with Fitch Ratings estimating a $1.8 trillion loss by the end...
June 10, 2020
The Washington state Auditor will investigate the payment of hundreds of millions of dollars in unemployment benefits to criminals who used stolen identities to file claims during the coronavirus pandemic....
June 10, 2020
So far, the coronavirus is proving to be the cheapest crisis Russia has ever experienced, and despite the huge economic shock the economy has received, Russia Inc is already back...
June 10, 2020
The National Bureau of Economic Research said this week that the US economy entered a recession in February as the coronavirus struck the nation, ending its longest expansion on record....
June 10, 2020
India's industrial machinery sales to Singapore skyrocketed 95 percent in April from a year earlier, to $553 million. Singapore is now India's leading engineering importer, having replaced the United States....
June 10, 2020
US aircraft manufacturer Boeing has reported nine orders of its new freighter planes in May and twice as many cancellations, which included a switch of a delivery slot for a...
June 10, 2020
They are both named after inventor Nikola Tesla. They are both aiming to upend the market of predominantly gasoline and diesel-powered cars and trucks with their zero-emission technologies. And their...
June 10, 2020
The new sanctions by Washington targeting Russia's Nord Stream 2 pipeline are “absolutely unacceptable,” Klaus Ernst, chairman of the Bundestag Committee on Economic Affairs and Energy, told RT. He explained...
June 9, 2020
Markets gained this week as more US cities started the reopening process after the coronavirus outbreak. Meanwhile, tensions are still high in the country following nearly two weeks of protests...
June 9, 2020
As thousands continue protesting across the United States, the Keiser Report talks to the author of “Bitcoin & Black America,” Isaiah Jackson, about the economic, monetary and financial injustice at...
June 9, 2020
Spain's sunny, beautiful Balearic Islands will allow thousands of German tourists to fly in for a two-week trial that tests out how to balance the needs of Spain's vital tourism...
June 9, 2020
A new study by research firms found that China's Huawei owns the most patents on next-generation 5G technology, which means Washington will still have to pay royalties to the firm,...
June 9, 2020
A new study by research firms found that China's Huawei owns the most patents on next-generation 5G technology, which means Washington will still have to pay royalties to the firm,...
June 9, 2020
The Covid-19 pandemic and subsequent lockdown measures have thrown the global economy into turmoil, the World Bank says, projecting global GDP (gross domestic product) to contract 5.2 percent in 2020....
June 9, 2020
The latest oil price war has done tremendous damage to the Saudi economy, and has significantly deteriorated the kingdom's relationship with the US. Saudi Arabia has instigated two oil price...
June 8, 2020
The number of 5G base stations that provide access to super-fast wireless networks is set to more than quadruple across China in 2020, its industry and information technology ministry has...
June 8, 2020
Vietnam's National Assembly has green-lighted a major trade agreement with the European Union (EU) that is set to scrap almost all customs duties on goods traded between the Southeast Asian...
June 8, 2020
New quarantine rules in Britain could cripple the aviation and tourism sector, resulting in hundreds of thousands and even millions of lost jobs, said the chief executive of London's Heathrow...
June 8, 2020
The German economy has been hit hard by coronavirus restrictions as the nation's industrial output posted its steepest plunge on record in April. Production nosedived 17.9 percent compared to the...
June 8, 2020
The first freight train left Hefei, the capital of China's Anhui Province, on Saturday for Tiburg in the Netherlands loaded with 82 containers. The route is part China's ambitious One...
