Sunday, April 18, 2021

WN-Business

World Economic Forum to be held in Singapore in May – WEF president

The President of the World Economic Forum, Borg Brend, said in an email today that the forum will be held in Singapore instead of Switzerland next year, as the Covid-19 pandemic will make it difficult to ensure the health...

Trump’s European allies resisted sanctions on Iranian banks

A diplomatic correspondence showed that Germany, France, and Britain urged the administration of US President Donald Trump in late October to reconsider imposing new broad sanctions on Iranian banks, saying that this step would impede legitimate trade in humanitarian...

U.S. Oil Prices Fall To $11 Per Barrel In Historic Crash

The oil market is in meltdown mode. US crude crashed an insane 41% on Monday to as low as $10.77 a barrel – the weakest level since December 1998. The latest collapse leaves oil down 83% since the January peak of...

G7 warns Facebook against launching Libra before proving safe

A report issued by the Group of Seven (G7) industrialized nations warned that Facebook's Libra should not be launched until the company proves safe and secure. The world's largest economies have warned that cryptocurrencies such as Libra are a...

Dr Mahathir: Aramco plant attacks are expected to impact global oil prices

Malaysian Prime Minister Dr Mahathir Mohamad said on Sunday that the attacks on Aramco oil plant in Saudi Arabia are expected to affect world oil prices, including Malaysia. However, in Malaysia, the Prime Minister explained, the government subsidized the fuel...

Global oil price to jump after Saudi Arabia suspends oil production following drone attacks

Global oil price likely to jump after Saudi Arabia temporarily suspends oil production at two Aramco oil plants attacked by Yemeni rebels, disrupting about half of the company's total production. The attack led to a temporary suspension of oil production...

OPEC chief says no alternative plans for OPEC deal

OPEC Secretary General Mohammed Sanusi Barkindo said in a statement to the Emirates News Agency on Tuesday that there are no alternative plans so far for the OPEC + agreement. Barkindo added that the Organization of Petroleum Exporting Countries and its allies,...

Google beats Amazon to win partnership with General Motors

General Motors (GM) announced on Friday that it has entered into a partnership with Google to support the development of vehicle control systems other than the development of audio technologies and entertainment and information features such as electronic navigation...

Apple to absorb tariffs instead price transfer to the customers

The latest round of tariffs imposed by the Trump administration on products and goods imported from China took effect on Sunday, affecting some of Apple's most popular products. The 15% increase on Chinese imports will affect Apple products such as...

China to launch official cryptocurrency to eliminate need for bank accounts

China's plans to launch a state-backed cryptocurrency may eliminate the need for bank accounts, a new study has found. A report was published in Binance, a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Since...

Latest News

Breaking: US sanctions 32 Russians and Pakistani individuals, entities for US 2020 elections interference

US president Joseph R. Biden has signed executive orders to imposed sanctions on 32 Russian and Pakistani individuals and...
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