Tuesday, March 31, 2020

World Business

Corona virus threatens fuel demand, pushes oil down 2 percent

Oil prices fell two percent Thursday, due to concerns that the spread of a virus that appeared in China may reduce demand for fuel if it harms economic growth, but losses came limited after a decline in US stocks...

Oil records $71.75, highest since mid-September 2019

Oil prices rose on Wednesday, as Brent crude futures recorded 68.94 dollars a barrel, an increase of 1%, as it rose earlier, recording 71.75 dollars per barrel, which is the highest increase since mid-September 2019, as futures contracts for...

World’s elite jacked up their wealth by 25 percent in 2019

The world's elite succeeded in adding $1.2 trillion to their total wealth during 2019, recording an increase of 25 percent towards the end of the year, with the support of the trade truce between the United States and China,...

Oil reaches highest level in 3 months

Brent crude Oil futures rose six cents, or 0.1%, to $67.98 a barrel, after rising to $68.10, the highest level since September, and U.S. West Texas Intermediate crude futures rose 11 cents, or 0.2%, to $61.79 a barrel. Thursday's survey...

Technology war: Decoupling of two largest economies of the world picks up speed

Decoupling of the two largest economies in the world is picking up speed. On Monday, it was announced in China that the government ordered the replacement of foreign computer hardware and software with domestic products throughout the administration of...

Alibaba is going public in Hong Kong, despite the escalating protests

Chinese Internet corporation Alibaba announced on Wednesday at what price it intends to sell its shares intended for trading on the Hong Kong Stock Exchange to investors. Alibaba has been listed on the New York Stock Exchange since 2014...

Elon Musk chose Germany for big announcement

Elon Musk 's been a hell of a guy. As he comes out at an event in Berlin ado said he wanted to build a new factory for his electric car brand Tesla. In Berlin. Now Musk is known...

Emirates brings Airbus $16 billion order

United Arab airline Emirates has finalized new deal with the European aircraft manufacturer Airbus, a major contract logged into the system to buy the air crafts. The representatives both companies signed an order for 50 large-body aircraft of type...

Trump: Trade talks with China are progressing well

US President Donald Trump said trade talks with China were progressing "very well" but the United States would only conclude an agreement with Beijing if it was the best for Washington. Trump told reporters at the Andrews Joint Air Base,...

ExxonMobil and FuelCell Energy signed Two-years agreement for CCT

ExxonMobil and FuelCell Energy, Inc. on Wednesday have signed a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities. The agreement, worth up to $60 million, will...

Latest News

Breaking: British Prime Minister Boris Johnson tested positive for Coronavirus

British Prime Minister Boris Johnson tested positive for the coronavirus after experiencing "mild symptoms". "After seeing mild symptoms yesterday (Thursday),...

3.3 million Americans applied for unemployment benefits after the Corona outbreak

The US Department of Labor announced a record increase in the application for unemployment benefits in the United States in the week that ended...

World Bank asks bilateral creditors to suspend debt payments from IDA countries

The World Bank Group and International Monetary Fund have issued the following joint statement to the G20 concerning debt relief for the poorest countries: The...

Turkish doctor: Turkey could have as many as 145,000 undiagnosed coronavirus cases

Dr. Muhammet Emin Akkoyunlu, a chest specialist at the Medipol University Hospital, revealed that the number of Coronavirus infections in Turkey could be around...

Time Square turns into Ghost Square after stores closes in New York, fearing Corona

Time Square is known as New York City's, USA, as one of the sleeping areas, which usually attracts more than 330,000 visitors daily, as...