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Economy
Trump says it’s ‘common sense’ to include Russia in G7
U.S. President Donald Trump on Wednesday said it was “common sense” to invite Russian President Vladimir Putin to rejoin the Group of Seven, saying it would be much easier to solve various issues if Moscow was represented at the gathering.…
Oil prices rise before OPEC+ meeting
Oil prices rose on Tuesday on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week.
Benchmark Brent crude LCOc1 rose 2.3%, or 88 cents, to…
Israel unveils 80 billion shekel plan to boost solar energy
Israel’s Energy Ministry unveiled an 80 billion shekel ($22.8 billion) plan to increase the use of solar power over the next decade as the country’s population and energy demand are set to surge.
Energy Minister Yuval Steinitz, said that…
Oil drops as U.S.-China tension escalates
Oil futures edged lower on Monday as rising U.S.-China tensions weighed on market sentiment, but reports that OPEC and Russia were close to a deal extending output buoyed prices.
Brent futures LCOc1 fell 37 cents, or 1%, to $37.47 a…
People more important than the economy, pope says about Covid crisis
Pope Francis said on Sunday that people are more important than the economy, as countries decide how quickly to reopen their countries from coronavirus lockdowns.
Francis made his comments, departing from a prepared script, at the first…
Oil lower on U.S.-China tensions but heads for huge monthly rise
Oil prices eased on Friday on fears of worsening Washington-Beijing relations and lacklustre U.S. fuel demand, but were still headed for sharp monthly gains.
July Brent crude futures LCOc1 fell 34 cents, or 1%, to $34.95 a barrel by…
Turkey says may begin oil exploration under Libya deal in three-four months
Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday.…
Russian energy minister discusses trade, investment with Iranian counterpart
Russian Energy Minister Alexander Novak discussed trade ties and investment cooperation with his Iranian counterpart Reza Ardakanian by telephone on Friday, Russia’s energy ministry said.
The ministry added that they had discussed…
Oil falls as surprise U.S. stock build douses demand recovery hopes
Oil prices fell on Thursday after U.S. industry data showed a surprise steep build in crude oil inventories, dampening hopes of a smooth recovery in demand as some countries ease coronavirus lockdowns.
The decline in oil benchmarks…
German economy likely to shrink 6.6% this year, Ifo says
The German economy is likely to shrink by 6.6% this year as a consequence of the coronavirus pandemic before growing by 10.2% in 2021, the Ifo Institute said on Thursday in its latest update.
On average, businesses expected operations to…