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 ›
Economy & Finance
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 ›
Shepherded by Trump GM to announce $1 billion investment at its U.S. plants
Despite the posturing of U.S. auto giants, the Trump administration is likely to lead to higher input costs, which could moderate the demand of SUVs, which is currently on a high, due to higher prices. According to a person who… Read More ›
Davos study finds $12 trillion can be unlocked by developing UN’s Sustainable Development Goals
The study finds that reducing food wastage and carbon trading alone could reap in $405 billion globally. Going by a study done by global leaders in business and finance, by implementing a few key developments goals, companies across the globe… Read More ›
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 ›
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 ›
U.S. eyeing Britain’s market with a quick deal after Brexit
After Brexit with a disconnected Britain peering for a major trading partner, Donald Trump aims to fill that void with U.S. manufactured goods. U.S. President-elect Donald Trump has shot off yet salvo, saying ultimately Brexit will turn out to be… Read More ›
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 ›
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 ›
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 ›