BUSINESS

Saudi Aramco Sees Profit Decline by 50% as Coronavirus Slams Global Energy Sector

Saudi Aramco Sees Profit Decline by 50% as Coronavirus Slams Global Energy Sector

The coronavirus pandemic has seen a dramatic crisis in the energy sector as countries introduce lockdown measures and travel restrictions…
What is the Strategy Driving Saudi Arabia to Tweak the US Oil Taps?

What is the Strategy Driving Saudi Arabia to Tweak the US Oil Taps?

Previously, similar tactics by Saudi Arabia implemented in 2017 proved instrumental in draining a global crude glut and propping up…
Chipmaker Qualcomm Reportedly Lobbies US Government for Permission to Do Business With Huawei

Chipmaker Qualcomm Reportedly Lobbies US Government for Permission to Do Business With Huawei

The Trump administration has prohibited American companies from selling technology, including vital semiconductors, to Huawei citing vague national security concerns.…
Dollar’s Share of Russia-China Trade Falls to Record 46% Low, Hinting at New ‘Financial Alliance’

Dollar’s Share of Russia-China Trade Falls to Record 46% Low, Hinting at New ‘Financial Alliance’

The US dollar has recently been losing value against other currencies, dropping nearly 5% in July, its biggest monthly fall…
US Adds 1.8 Mln Jobs in July, Slowing From June’s Gains

US Adds 1.8 Mln Jobs in July, Slowing From June’s Gains

WASHINGTON (Sputnik) – The United States added 1.8 million jobs in July, slowing from June’s 4.8-million jobs gain, as a…
Gold Exodus: Hong Kong’s Wealthy Move Bullion Out of Financial Hub Over New Security Law Concerns

Gold Exodus: Hong Kong’s Wealthy Move Bullion Out of Financial Hub Over New Security Law Concerns

China’s new National Security Law imposed in Hong Kong and penalizing activities deemed by Beijing as secessionist and subversive has…
Erdogan Explains Lira’s Record Drop by Money Market Fluctuations

Erdogan Explains Lira’s Record Drop by Money Market Fluctuations

ANKARA (Sputnik) – Turkish President Recep Tayyip Erdogan explained the historic drop in the exchange rate of the national currency,…
Facebook’s Zuckerberg Becomes World’s Third Centibillionaire

Facebook’s Zuckerberg Becomes World’s Third Centibillionaire

According to the Bloomberg Billionaires Index, Facebook’s CEO has joined Amazon’s CEO, Jeff Bezos, and Microsoft’s founder Bill Gates, as…
COVID Crisis Less Grave Than Feared, But Growth Prospect ‘Unusually Uncertain’, Bank of England Says

COVID Crisis Less Grave Than Feared, But Growth Prospect ‘Unusually Uncertain’, Bank of England Says

The Bank of England expects the UK’s economic crunch to be less severe than initially believed, admitting though it still…
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