Iraq, Kuwait and the United Arab Emirates, three big OPEC producers, have cut oil output as they run out of storage space. They are unable to export through the Strait of Hormuz due to Iranian […]
So the profits of Black Rock is what the Ukrainians are dying for. BlackRock Financial Markets Advisory and the Ukrainian Ministry of Economy signed a memorandum of understanding in November. Zelenskyy and Fink agreed Wednesday […]
Polish pipeline operator PERN said Wednesday that a leak detected on one of its Druzhba pipelines bringing oil from Russia to Europe was likely caused by an accident. Mateusz Berger, Poland’s top official in charge […]
The unscheduled maintenance works on the Nord Stream 1 pipeline, which runs from Russia to Germany via the Baltic Sea, deepens a gas dispute between Russia and the European Union. Gas flows via the Nord […]
China’s portfolio of government debt in May dropped to $980.8 billion, according to Treasury Department data released Monday. It marked the first time since May 2010 that China’s holdings fell below the $1 trillion mark. […]
The difference in Italian and German bond yields is seen as a measure of stress in European markets and is closely watched by investors. The spread widened Monday to levels not seen since May 2020, […]
Turkey’s inflation for the month of May rose by an eye-watering 73.5% year on year, its highest in 23 years, as the country grapples with soaring food and energy costs and President Recep Tayyip Erdogan’s […]
There is a saying in German: “Bei jeder Schweinerei ist die Deutsche Bank dabei” (“Deutsche Bank is involved in dirty deal”). The German’s know their Deutsche Bank. Read Here Photo: Maqi licensed under the Creative […]
While the overall job market is red hot, several tech companies have recently announced hiring freezes and layoffs. Economists don’t yet think that the tech slowdown necessarily means a broader hiring slowdown is on the […]
Gross domestic product in the U.S. declined at a 1.4% pace in the first quarter, below analyst expectations of a 1% gain. Declines in fixed investment, defense spending and the record trade imbalance weighed on […]
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