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Economy
Spain’s PM Sanchez sees positive aspects in Bankia-Caixabank merger
Spain’s Prime Minister Pedro Sanchez on Monday said there were positive aspects in the proposed merger of Spanish lenders Caixabank and state-owned Bankia and called on the sector to take steps to consolidate further.
“From the…
Dutch government to invest 20 billion euros in economic growth fund
The Dutch government said on Monday it will invest 20 billion euros ($23.6 billion) in education, infrastructure and research and development projects over five years to help strengthen its economy and better shield it from future…
Oil rises towards $46 on U.S. inventory drop
On Wednesday, Oil rose towards $46 a barrel, gaining for a third day, supported by a report that U.S. crude inventories fell and as surveys showing stronger manufacturing raised hopes of an economic recovery from the coronavirus pandemic.…
Libyan NOC’s Sanalla discusses oil blockage with Italy’s foreign minister
Libya’s National Oil Corporation (NOC) Chairman Mustafa Sanalla met on Tuesday with Italy’s Foreign Minister Luigi Di Maio in Tripoli as they discussed the blockade of oil facilities in Libya, NOC said on its Facebook page.
NOC said Di…
Oil rises on strong factory activity and forecast of a crude drawdown
On Tuesday, Oil prices rose, reversing overnight losses as better-than-expected U.S. manufacturing activity data spurred hope for a post-pandemic economic recovery, and as analysts forecast a sixth weekly drawdown in U.S. crude inventories.…
Spain’s Economy minister calls for parties responsibility to approve budget soon
oon Monday, Spain’s economy minister Nadia Calvino called for all parties’ responsibility to allow the approval of a budget as soon as possible to cope with coronavirus pandemic.
“It is everyone’s duty and I appeal to the common…
Iraq to fill rice supply gap with U.S. agreement
Iraq’s trade ministry will buy rice under an agreement with the United States to supply its rationing programme, it said on Saturday, and it will strike deals next week with local companies for sugar and vegetable oils.
The existing…
Tanker to load 30,000 tonnes of condensate from Libya’s Brega port
The Libyan National Oil Corporation (NOC) said that the Valle di Siviglia tanker arrived at Libya’s Brega port on Monday to load 30,000 tonnes of condensate to allow for continued gas production for local power plants.
The NOC said the…
France delays launch of Covid-19 economic reboot plan to September
On Saturday, the French government said it would unveil details of its 100 billion euro ($118 billion) plan to reinvigorate the economy in the first week of September, instead of next Tuesday, as it focuses on preparing the new school term.…
Turkey expects big drop in gas imports after Black Sea find
Turkey expects its energy imports to fall significantly following a major Black Sea natural gas find and more discoveries could be made in another area now being evaluated, Energy Minister Fatih Donmez said on Saturday.
“With the…