Author Archives
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Threat of U.S. Cutting Oil Imports Shrugged Off by OPEC
Claiming that the world’s biggest economy would continue to need crude from abroad, OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil. While the Venezuelan Energy and… Read More ›
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Banks Moving Currency Overseas Clamped Down Upon by China
As they attack one of the few loopholes remaining in the country’s strict new capital controls regime, Chinese regulators are stamping out moves by banks to shift renminbi out of the country. The efforts of internationalising its currency — a… Read More ›
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ECB Tells Critics to ‘Be Patient’, Maintains Stimulus
The president of the European Central Bank Mario Draghi, told critics of his stimulus path to be patient and wait for the euro zone’s recovery to take firm hold as the bank kept its super-easy monetary policy unchanged as expected…. Read More ›
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IMF’s Christine Lagarde Tells Davos 2017 – Middle Classes in Crisis
As the head of the International Monetary Fund, Christine Lagarde, warned that inequality, distrust and a lack of hope were fuelling growing populism, she has called for urgent action to tackle a middle-class crisis. She had been ignored when she had… Read More ›
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Deal for First ‘Floating City’ Signed by French Polynesia
With the hope that the move would pave the way for autonomous floating cities around the world, Bottom of Form French Polynesia has signed an agreement for creating floating city on the sea. California’s Seasteading Institute is the executing agency… Read More ›
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VR Allegations Dismissed by Mark Zukerberg
Seemingly apparently unfazed by accusations his company stole innovative virtual reality technology, Facebook founder Mark Zuckerberg appeared in court – all suited and booted. Apart from confirming that Facebook’s deal to buy VR company Oculus was even more expensive than… Read More ›
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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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