Category: International

Oil Slides More Than $7 On Inflation, Iraq Exports
August 31, 2022 No Responses

Oil Slides More Than $7 On Inflation, Iraq Exports

Oil prices fell more than $7 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would soften fuel demand and as unrest in Iraq has failed to put a dent...
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Toyota Suspends Operations At Sichuan Plant
August 17, 2022 No Responses

Toyota Suspends Operations At Sichuan Plant

Toyota Motor Corp has suspended operations at its plant in China’s Sichuan province after local authorities issued an order to conserve electricity. Toyota’s joint venture plant in the city of Chengdu has ceased operations until Saturday, a company spokesp...
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UK To Cut Taxes On Imports From Developing Countries
August 16, 2022 No Responses

UK To Cut Taxes On Imports From Developing Countries

The UK is to cut import taxes on hundreds more products from some of the world’s poorest countries to boost trade links. The Developing Countries Trading Scheme comes into force in January and builds on a scheme the UK was...
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Oil Prices Tumble As China Economy Stutters 
August 16, 2022 No Responses

Oil Prices Tumble As China Economy Stutters 

Oil prices slumped nearly five percent Monday on data showing China’s economic recovery stuttering under Covid-19 restrictions and a slumping property sector. Stock markets mostly steadied and the dollar traded mixed as investors welcome signs of cooling US ...
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WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022
August 13, 2022 No Responses

WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022

New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, lays bare the full economic impact of the Ukraine war upon a global economy still trying to recover from the...
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World Bank deploys $114.9b To Finance Global Crisis  
July 17, 2022 No Responses

World Bank deploys $114.9b To Finance Global Crisis  

The World Bank Group has responded to the overlapping global crises by deploying $114.9 billion in financing in 2022.  In a statement on Saturday, the Bank explained that from July 1, 2021, to June 30, 2022, it responded with unprecedented scale...
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PwC Staff To Get Pay Rise 
June 27, 2022 No Responses

PwC Staff To Get Pay Rise 

Thousands of PwC staff are to get a 9% pay rise in response to rising living costs and a competitive recruitment market, the accountancy giant has said.  The company said half of its more than 20,000 employees in the UK...
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Global Leaders Pledge $4b To Tackle Malaria, NTDs
June 25, 2022 No Responses

Global Leaders Pledge $4b To Tackle Malaria, NTDs

By Moses Ebosele, ebosele@hotmail.com — As part of measures to tackle Malaria and Neglected Tropical Diseases (NTDs), global leaders led by African Heads of State, at the historic Kigali Summit on Malaria and NTDs, have pledged $4 billion. Hosted by Pre...
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Okonjo-Iweala Warns Of Global Food Crisis
June 9, 2022 No Responses

Okonjo-Iweala Warns Of Global Food Crisis

A food crisis kicked off by the Ukraine war could last for years without intervention, the head of the World Trade Organization has said. African countries could be hit especially hard by wheat and fertilizer shortages, WTO director-general Ngozi Okonjo-Iweala...
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Germany Unveils Bill To Accelerate The Use Of LNG
May 11, 2022 No Responses

Germany Unveils Bill To Accelerate The Use Of LNG

Germany’s government has taken another important step to reduce dependence on Russian energy imports by agreeing on a formulation of the draft law on the acceleration of the use of LNG.    The Federal Ministry of Economics and Climate Protection...
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Oil Tumbles On Global Economic Worries
May 11, 2022 No Responses

Oil Tumbles On Global Economic Worries

Oil prices tumbling more than 1% on Tuesday, extending the previous day’s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand.  Reu...
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Maersk Supply Service To Recycle Three Vessels  
May 10, 2022 No Responses

Maersk Supply Service To Recycle Three Vessels  

Denmark-headquartered Maersk Supply Service, a provider of offshore marine services and integrated solutions for the energy sector, has arranged to recycle three of its vessels at a yard in Grenaa, as part of its strategy to optimise its fleet portfolio...
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Efforts To Reduce Global Gas Flaring Stalled
May 7, 2022 No Responses

Efforts To Reduce Global Gas Flaring Stalled

C The World Bank says global progress to reduce gas flaring, the wasteful industry practice of burning natural gas during oil production has stalled in the last 10 years.  This is contained in a statement obtained from the World Bank...
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Nadal Acknowledges Alcaraz As His “Replacement” After Madrid Open Defeat
May 7, 2022 No Responses

Nadal Acknowledges Alcaraz As His “Replacement” After Madrid Open Defeat

Rafael Nadal acknowledged Carlos Alcaraz can be considered a “replacement” for him after losing to his teenage rival at the Madrid Open. Alcaraz is one of the most exciting rising stars on the ATP Tour.   He enhanced his growing...
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