Bill Gates: My ‘best investment’ turned $10 billion into $200 billion worth of economic benefit
September 30, 2020 at 02:27 AM
Investing in global health organizations aimed at increasing access to vaccines created a 20-to-1 return in economic benefit, billionaire Microsoft co-founder and philanthropist Bill Gates told CNBC on Wednesday. Read More »
China's Yuan Could Become World's 3rd Largest Reserve Currency in 10 Years, Morgan Stanley Forecasts
September 07, 2020 at 04:02 AM
As of today, the renminbi's (RMB) share in global payments and central bank reserves stands at about 2 percent, but it could make up 5 to 10 percent by 2030, according to the forecast. Read More »
Failure for Some, Success for Others: How Israeli Companies Cope With COVID-19
September 03, 2020 at 06:46 AM
The outbreak of the virus has dealt a severe blow to some Israeli businesses that are still struggling to get off the ground. For others, however, the pandemic presented an opportunity and they rushed to seize it. Read More »
Mexico City's Authorities Say Will Create 300,000 Jobs to Reactivate Economy
September 03, 2020 at 03:51 AM
Mexico City Mayor Claudia Sheinbaum has presented a plan to reactivate the region's economy in the amount of $5.3 billion, under which the city will create 300,000 jobs lost as a result of the COVID-19 pandemic. Read More »
American Airlines to Lay off Another 19,000 Workers on 1 October, Senior Executives Say
August 26, 2020 at 05:27 AM
American Airlines will lay off another 19,000 employees on 1 October as a result of the pandemic-induced decline in demand, Chief Executive Doug Parker and President Robert Isom said in a letter. Read More »
Heavy Oil: New Prospect for Kuwait?
August 07, 2020 at 04:35 AM
Kuwait is increasing its heavy oil exports. Heavy oil production development has become an integral part of Kuwait Oil Company’s development strategy over the next two decades. Read More »
US Stocks Drop With Dow Falling More Than 350 Points
July 24, 2020 at 03:15 AM
The stock market suffered losses amid a continued rise in US unemployment and worries about how the economy would fare with increasing numbers of coronavirus infections. Read More »
‘The world is going back to a GOLD STANDARD as the US dollar is about to collapse’ – Peter Schiff
July 23, 2020 at 07:05 AM
As the world grapples with Covid-19, precious metals’ prices are pushing higher. Massive moves in gold and silver are coming, according to veteran stockbroker Peter Schiff. Read More »
German Foreign Minister Urges Turkey to Stop Drilling Operations in Eastern Mediterranean
July 22, 2020 at 04:05 AM
Germany believes that Turkey must stop its drilling operations in the exclusive economic zone of Cyprus in the Eastern Mediterranean and must not launch similar operations near Greek islands, German Foreign Minister Heiko Maas said on Tuesday after a meeting with his Greek counterpart, Nikos Dendias. Read More »
US Natural Gas Consumption to Drop 3% This Year, Energy Information Agency Says
July 08, 2020 at 09:45 AM
US natural gas consumption is forecast to fall 3 percent this year from fewer drillings due to the coronavirus pandemic and demand could decline as much as 5 percent in 2021, the Energy Information Administration said in its July outlook. Read More »
