Business

December 7, 2020
Iran sends BIGGEST EVER fleet of oil tankers to Venezuela, defying US sanctions

Iran is sending a large fleet of oil tankers to Venezuela to help the Latin American nation survive a severe lack of fuel, Bloomberg has reported, citing sources. Both countries...

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December 7, 2020
Forget the malls. These Miami-based fashion and beauty brands are making it on their own

With its international sizzle and entrepreneurial energy, Miami is a natural magnet for fashion and beauty entrepreneurs. But this year, with no runway shows, trunk shows, flashy launches, trade fairs...

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December 7, 2020
China’s exports surge at fastest pace in nearly 3 years to hit record high

November has become the most lucrative month for China's exports, driven by strong demand for pandemic-related items such as electronics and protective gear. China shipped $268 billion worth of goods...

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December 7, 2020
Chinese probe orbiting moon with Earth-bound samples

A Chinese probe was orbiting the moon on Monday in preparation for the returning of samples of the lunar surface to Earth for the first time in almost 45 years....

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December 7, 2020
Denmark to end oil production in 2050

Denmark will stop extracting oil from the North Sea in 2050, the Danish government has said, adding it would cancel its eighth licensing round, announced earlier this year. The round...

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December 6, 2020
Autonomous cars may hit the road before the end of decade – world’s largest carmaker

Self-driving cars may be available for sale between 2025 and 2030, Volkswagen boss Herbert Diess has predicted. His company, the leading global automaker by vehicle sales, is currently boosting its...

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December 6, 2020
China to build over a million new 5G stations next year

Chinese telecom carriers have managed to build more than 600,000 new 5G base stations this year, in addition to about 100,000 5G stations built in 2019, said Wu Hequan, an...

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December 6, 2020
Time for record global oil demand may have already passed, Russia says

Days of peak oil consumption might be over for the global economy and the trend may impact Russia's budget revenues, the country's Deputy Finance Minister Vladimir Kolychev has warned. “The...

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December 6, 2020
US makes last-ditch effort to freeze Nord Stream 2 as massive gas project nears completion

The US wants Germany and its European partners to halt construction on Nord Stream 2, a top American diplomat has said. Russian ships have increased activity in the area where...

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December 6, 2020
US makes last-ditch effort to freeze Nord Stream 2 as massive gas project nears completion

The US wants Germany and its European partners to halt construction on Nord Stream 2, a top American diplomat has said. Russian ships have increased activity in the area where...

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December 6, 2020
Chinese retail giant JD.com becomes first big online shop to accept digital yuan in $3mn ‘lottery’ trial

China is set to hold one of the biggest trials of its sovereign digital currency, making it available for payments at one of its biggest e-commerce platforms, JD.com, after yet...

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December 6, 2020
Covid pandemic could push more than a BILLION people worldwide into extreme poverty, UN warns

Another 207 million people could be driven into extreme poverty by the severe long-term impact of the coronavirus pandemic, bringing the total number to more than one billion by 2030,...

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December 5, 2020
Russia to scrap tax agreement with Netherlands as proposed approach fails to combat capital outflows

Russian lawmakers initiated denouncing a tax agreement with the Netherlands. The deal was designed to avoid double taxation, but so far negotiations have come to a deadlock. Russia's finance ministry...

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December 5, 2020
Russia to scrap tax agreement with Netherlands as proposed approach fails to combat capital outflows

Russian lawmakers initiated denouncing a tax agreement with the Netherlands. The deal was designed to avoid double taxation, but so far negotiations have come to a deadlock. Russia's finance ministry...

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December 5, 2020
British index provider to drop eight Chinese corporations after US blacklisting

FTSE Russell, an arm of the London Stock Exchange, announced plans to delete shares of eight Chinese firms from certain products shortly after Washington added them to a blacklist of...

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December 5, 2020
Smaller Russian oil corporations oust energy giants from top of WWF environmental rating

Russia's oil and gas companies have demonstrated distinctly higher transparency of ecological information, with minor firms taking lead positions in the annual ranking by the World Wildlife Fund Russia and...

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December 5, 2020
Saudi oil exports to US slump to 35-year low

Saudi Arabia's crude oil exports to the United States fell to the lowest in 35 years in October, averaging less than 100,000 bpd. In the week to November 27 alone,...

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December 5, 2020
Coronavirus will drive global debt to $200 TRILLION by end of 2020, S&P projects

The world's appetite for borrowing is growing with global debt expected to reach the next milestone of $200 trillion as early as this year, according to ratings agency S&P Global....

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December 4, 2020
China spacecraft collects moon samples to take back to Earth

A Chinese spacecraft took samples of the moon's surface Wednesday as part of a mission to bring lunar rocks back to Earth for the first time since the 1970s, the...

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December 4, 2020
Venezuela’s Maduro seeks to tighten his grip via election

With the political opponents of President Nicolás Maduro boycotting Sunday's election for the National Assembly, his socialist party is expected to dominate the vote, giving him control of the last...

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December 4, 2020
Venezuela’s Maduro seeks to tighten his grip via election

With the political opponents of President Nicolás Maduro boycotting Sunday's election for the National Assembly, his socialist party is expected to dominate the vote, giving him control of the last...

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December 4, 2020
China turns on nuclear-powered ‘artificial sun’, TEN TIMES hotter than the real thing

Beijing has successfully powered up its “artificial sun” nuclear fusion reactor for the first time, China's People's Daily reported on Friday. It's designed to be a clean energy source, similar...

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December 4, 2020
Germany hopes to reach deal with Biden on Russian Nord Stream 2 pipeline project

German Foreign Minister Heiko Maas expects the longstanding issue of the Russian gas pipeline project, Nord Stream 2, to be settled after Joe Biden takes office as US president. “The...

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December 4, 2020
US Dollar slide expected to continue into next year on risky bets & stimulus speculation

The US currency's downward trend is likely to last at least another six months as investors continue to shift to risky assets and higher returns, a Reuters poll of currency...

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December 4, 2020
Pakistan calls for debt relief for poor countries struggling with Covid-19 pandemic

The international community should offer substantial help to developing countries struggling to avert economic collapse amid the coronavirus crisis, according to Pakistan's Prime Minister Imran Khan. While addressing a special...

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December 4, 2020
Pakistan calls for debt relief for poor countries struggling with Covid-19 pandemic

The international community should offer substantial help to developing countries struggling to avert economic collapse amid the coronavirus crisis, according to Pakistan's Prime Minister Imran Khan. While addressing a special...

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December 4, 2020
US blacklists Chinese chipmaker SMIC & oil producer CNOOC over alleged military ties

The Pentagon has added China's largest chipmaker, SMIC, and oil giant CNOOC to a blacklist of alleged Chinese military companies. The move is part of broader attempts to reduce Chinese...

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December 4, 2020
US blacklists Chinese chipmaker SMIC & oil producer CNOOC over alleged military ties

The Pentagon has added China's largest chipmaker, SMIC, and oil giant CNOOC to a blacklist of alleged Chinese military companies. The move is part of broader attempts to reduce Chinese...

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December 4, 2020
OPEC+ finally reaches deal on 2021 oil output cuts

After much debate, the OPEC+ group has finally reached an agreement on oil production for next year. Or at least for January. OPEC+ will, as a group, add in 500,000...

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December 4, 2020
Global food prices hit six-year high as Covid-19 pandemic turns into major driver of food inequality

World prices for food commodities saw a steep year-on-year increase in November, hitting an almost six-year high, with the index posting its sharpest monthly spike since July 2012, according to...

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December 4, 2020
Deadlines, decisions and investor enthusiasm | Opinion

Stock investors have not been deterred by rising COVID-19 infection rates, increasing hospitalizations or a trio of pending decisions to address the growing pandemic. On Thursday, the FDA's Vaccines and...

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December 3, 2020
Watt’s renaissance in Houston helps Texans win 2 straight

Romeo Crennel joined the Houston Texans in 2014 as the defensive coordinator. This week the interim coach was asked what it's been like to see J.J. Watt making game-changing plays...

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December 3, 2020
Watt’s renaissance in Houston helps Texans win 2 straight

Romeo Crennel joined the Houston Texans in 2014 as the defensive coordinator. This week the interim coach was asked what it's been like to see J.J. Watt making game-changing plays...

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December 3, 2020
Senate confirms Christopher Waller to serve on Fed’s board

The Senate on Thursday narrowly confirmed the nomination of Christopher Waller for the Federal Reserve's Board of Governors, placing another of President Donald Trump's picks on the Fed's influential board...

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December 3, 2020
Senate confirms Christopher Waller to serve on Fed’s board

The Senate on Thursday narrowly confirmed the nomination of Christopher Waller for the Federal Reserve's Board of Governors, placing another of President Donald Trump's picks on the Fed's influential board...

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December 3, 2020
5,000 ride-on UTV kid toys sold at Walmart have been recalled. They might cause injuries

More than 5,000 battery-powered ride-on UTV toys meant to let kids drive through the toughest terrains are being recalled for moving by themselves, posing a risk of injury to others....

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December 3, 2020
5,000 ride-on UTV kid toys sold at Walmart have been recalled. They might cause injuries

More than 5,000 battery-powered ride-on UTV toys meant to let kids drive through the toughest terrains are being recalled for moving by themselves, posing a risk of injury to others....

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December 3, 2020
EU-Asia partnership is a ‘crystal-clear message’ to Biden to end US protectionism in trade – Prof. Wolff

After six years of negotiating, the European Union and the Association of Southeast Asian Nations (ASEAN), a group consisting of 10 Asian countries, have upgraded their relationship to a “strategic...

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December 3, 2020
Get as much bitcoin as possible with great reset coming for global economy – Max Keiser

The hosts of Keiser Report, Max Keiser and Stacy Herbert, look at how heavy gold-buying in Turkey is causing fiat currency woes. Wait until the Turks discover bitcoin, they say....

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December 3, 2020
US government’s multi-trillion-dollar stimulus response to Covid did major damage to economy – Peter Schiff

The stock market is booming on news of successful coronavirus vaccines but the rally isn't really about a cure for Covid, says economist Peter Schiff. It is being driven by...

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