Oil hits highest level since 2015 as Russian-Saudi output cuts bring result
January 10, 2018 at 02:00 PM
Brent crude has surpassed $68 per barrel for the first time since May 2015. Oil prices have been buoyed by information that joint production cuts between Russia and Saudi Arabia-led OPEC are working. Read More »
World’s richest become $1trn richer in 2017, make four times more than last year
December 28, 2017 at 02:01 PM
The world’s wealthiest people have become more than $1 trillion richer this year, earning four times more than in 2016, data collected by Bloomberg revealed. Chinese billionaires gained the most. Read More »
Saudi prince who led anti-corruption purge revealed as owner of ‘world’s most expensive home’
December 18, 2017 at 01:00 PM
The Saudi crown prince who led a recent royal crackdown on corruption and lavish spending has reportedly been revealed as the buyer of “the world’s most expensive home.” Read More »
Arrested Saudi prince's business empire apparently collapsing
December 14, 2017 at 02:23 PM
The Kingdom Holding Company, founded by Prince Alwaleed bin Talal, has lost nearly a fifth of its value since its billionaire owner was detained last month as part of a Saudi nationwide anti-corruption campaign. Read More »
S. Korea's arms sales jump 20% amid Pyongyang threats – study
December 13, 2017 at 10:40 AM
South Korea boosted its arms sales by more than 20 percent last year and has ambitions to become a major weapons exporter, according to a new study. It comes amid frequent ballistic missile tests by arch rival, North Korea. Read More »
Syrian Authorities: Country Strong Enough to Rebuild Ruined Infrastructure
December 12, 2017 at 10:32 AM
During a Sunday meeting with heads of ministerial committees, Syrian Prime Minister Imad Khamis reaffirmed the government's commitment to the rehabilitation of recaptured territories, providing civilians with necessary services as well as setting up investment and development plans, the SANA news agency reported. Read More »
Russia may turn to cryptocurrencies in oil trade to challenge sanctions & the petrodollar
December 11, 2017 at 04:27 PM
The gradual acceptance of digital currencies, with major exchanges about to launch bitcoin futures trading, may prompt some oil producing nations to ditch the US dollar in crude trade in favor of cryptocurrencies, an oil analyst says. Read More »
Make America Depressed Again: US Homelessness Rate Rises
December 08, 2017 at 10:33 AM
The Trump Administration is facing a housing crisis that has emerged as a result of recovering economic growth in the aftermath of the 2008 Global Financial Crisis. Read More »
Oil price could jump to $80 per barrel says economist Jim O’Neill
November 30, 2017 at 03:50 PM
Crude prices could return to the levels last seen in 2014, according to a prediction by economist Jim O’Neill, former chairman of Goldman Sachs Asset Management. Read More »
Amazon workers treated like ‘animals’ in exhausting working conditions, reporter reveals
November 28, 2017 at 02:58 PM
Amazon workers are being treated like “animals,” forced to work to the point of physical collapse, it has been revealed. An undercover reporter for the Daily Mirror laid bare the working conditions at the world’s largest retailer. Read More »
