The possibility of soaring oil prices and high inflationary pressure could become the trigger for a global crisis, the analysts warned in a note carried by Bloomberg. According to the multinational, gas-to-oil switching with record-high natural gas prices could cause additional oil demand. Moreover, energy demand is expected to grow …
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Some 34 companies joined the Tent Foundation’s Coalition for Afghan Refugees and have pledged to train, hire, and “help integrate” refugees into the American economy, the Tent Foundation announced on Tuesday. The companies include Facebook, Uber, UPS, Pfizer, Chobani, Trip Advisor, Western Union, Hilton, Gap, Mastercard and Amazon – the …
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US Secretary of State Antony Blinken hailed the recently-unveiled AUKUS treaty as a sign of “the country’s shared commitment to safeguard peace and stability in the Indo-Pacific now and in the future” during a Thursday press conference in Washington, DC, adding that the US has concerns about Beijing economically pressuring …
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The annual Eastern Economic Forum, held in Vladivostok, has just come to an end. Focusing on the development of Russia’s Far East and enhancing interconnectivity between Russia and Asia, it has become a key arena for the promotion of Russia’s Greater Eurasian Partnership. The Partnership is a relatively new initiative. …
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That’s according to the latest data from Bloomberg’s Billionaires Index, which shows that 24 of the world’s 500 wealthiest people are Russians. Behind Severstal owner Mordashov, gas entrepreneur Leonid Mikhelson and metal producer Vladimir Lisin have also seen their coffers increase by more than $5 billion this year. Russia’s richest …
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According to preliminary data from the Commerce Ministry, imports soared as well, by 98% to $19.59 billion during the period. Exports surged 52% to $7.71 billion during the first week of this month, and by about 40% to $6.35 billion in the second week of June. Overall, during April-May, exports …
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A breakthrough in Vienna will bring much-anticipated relief to the Iranian oil sector, which has been officially cut from the global energy market. “Some minute technical, political, legal, and practical issues remain,” Saeed Khatibzadeh, spokesman for the ministry said, adding “No task was impossible for the negotiators, and there’s no …
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US President Joe Biden is attending the G7 summit in Cornwall, England, and his vice president, Kamala Harris, has this week been in Mexico and Guatemala. Even before he arrived in England, Biden had already made clear his intention to meddle in Britain’s affairs. He let it be known that …
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“We forecast the growth of the Russian economy in 2021 by 3.2%, supported by strengthening domestic demand and rising energy prices,” it said in a report, adding that “The recovery will be sustainable in 2022, GDP growth will be 3.2% amid easing the effects of the pandemic and stabilizing prices …
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According to the chancellor, who will speak at the St Petersburg Economic Forum’s plenary session via video link on Friday, the Russian gas project aligns with Vienna’s economic interests. “I am very pleased that the United States no longer threatens companies participating in the Nord Stream 2 project with sanctions. …
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