Author Archives
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Renewable-Energy Business in Middle East Targeted by Enel CEO
Following the fall in oil prices and as oil-rich Gulf countries take advantage of the falling cost of solar power to diversify their energy supplies, Rome-based utility owner Enel SpA is targeting renewables projects in Saudi Arabia and the United… Read More ›
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Unintentionally Helping OPEC is China’s Oil Collapse
Unlikely support from its biggest customer is forthcoming for OPEC’s campaign to prop up oil prices. According to analysts at CLSA Ltd., Sanford C. Bernstein & Co. and Nomura Holdings Inc, China’s production is forecast to fall by as much… Read More ›
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Global Survey Shows All Time Low Levels of Trust in CEOs
A global report by public relations agency Edelman claims to have found that there is a crisis of public trust in business, institutions, government and non-governmental organizations (NGOs). Ahead of the publication of the 2017 Edelman Trust Barometer, agency CEO… Read More ›
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Same Amount of Money as Half the World Present with World’s Eight Richest People: Oxfam
According to a report published by Oxfam on Monday, the riches of the 3.6 billion people who make up the poorest half of the world’s population equals eight billionaires from around the globe. While gathering to aim to look at… Read More ›
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Times Reports by Leaving EU Market, May to Seek Hard Brexit
The Sunday Times reported that by saying she’s willing to quit the European Union’s single market for goods and services to regain control of Britain’s borders and laws, U.K. Prime Minister Theresa May will this week signal plans for a… Read More ›
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Davos Elite Bets on Climate Change Ignoring Trump’s Skepticism,
The captains of business and finance gathered in Davos this week will spend a lot of time talking about climate change — and how to make money from it, despite the change of political weather in Washington. Donald Trump has… Read More ›
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Robusta Beans Lead to Supply Shortage in World Coffee Market
Even as the output of robusta, the lower quality bean, sliding to a level not seen since 2012, analysts and experts predict that the supply shortage in the world’s coffee market is forecast to continue for a third consecutive year…. Read More ›
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Proposal for ‘Container Pods’ for Staff Accommodation by WEF Forced by Swelling Davos Crowds
As a solution to the growing accommodation crunch, the organizers of the World Economic Forum are being forced to consider housing some staff in temporary ‘container pods’ due to the rising crowds descending on the event’s annual summit in Davos… Read More ›
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HSBC Says, as Demonetization Effect Ebbs, India Set To Be Asia’s Standout Economy
According to a new report from HSBC, as the growth outlook for the broader Asian region looks challenging due to subdued trade, tighter financial conditions and weak capital expenditure, India is expected to be one of region’s standout performers this… Read More ›
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Under OPEC Quota, Saudi Oil Output Drops Close to Two-Year Low
Saudi Arabia will consider renewing its pledge to cut crude output in six months, and its Energy Minister Khalid Al-Falih said that the kingdom has reduced oil production to less than 10 million barrels a day, below its targeted level. Currently,… Read More ›
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