A study of Europe's largest banks by Oxfam has concluded that the continent's 20 biggest banks all use jurisdictions with favorable tax and regulatory rules to avoid paying their full liabilities, draining public finances by in the process.
International lenders suggest privatizing 40 percent of debt-ridden Greece's state-run utility company Public Power Corporation (PPC), according to a draft of the plan seen by the Kathimerini newspaper on Monday.
UK manufacturers have lashed out at Prime Minister Theresa May's suggestion that leaving the European Union with no deal would be better than leaving with a bad deal, saying the prospect is "simply unacceptable" and would be calamitous for British industry.
Secretary of State for International Trade Liam Fox said that United Kingdom intends to double its financing of trade with Qatar to 4.5 billion pounds ($5.6 billion) in order to make UK sourcing more competitive.
According to reports, Iran has not offered specific terms on new oil contracts to Russian firms at their meeting Monday.
The amount of local uranium reserves amounts to 4,577 tonnes, with the first ore expected to be extracted in 2018.
The construction of six nuclear reactors in India is put at risk by the dim economic outlook of the contactor, Westinghouse Electric.
Russia's exports to Iran increased by 2.7 times, while the exports of the Middle Eastern country grew by 6.3 percent.
Most participants of the meeting of ministers from the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers, which took place in Kuwait City on Sunday, supported the extension of an agreement on oil output cut by six months but the final decision will be taken in May and will depend on the situation on the market.
Beleaguered US rideshare company Uber has halted its aggressively touted autonomous vehicle program, following a high-profile car crash in Arizona.
Despite the recent recovery in US manufacturing, demand-side setbacks and slow expansion in the non-defence industries have rendered the entire industrial sector sluggish, supporting the view that the broader US economy will be slowing down throughout the first half of the year.
Mainland China intends to buy Canadian companies and bring the Chinese workers to Canada to work on their projects in that country as part of the negotiated free trade deal, whilst most projects are expected to be funded via the Beijing-backed Asian Infrastructure Investment Bank (AIIB).
The United Arab Emirates (UAE) will exceed its obligations under the agreement on reducing oil production by 15-33 percent, UAE’s Energy Minister Suhail Mohamed Faraj Mazrouei said Sunday.
Russian Energy Minister said that the issue of oil output cut deal extension has been discussed at informal ministerial meeting in Kuwait City yesterday and will be discussed today.
According to an official of Russian Energy Ministry, Iran will present new oil contracts to Russian companies in Moscow on Monday.
Kuwaiti Oil Minister Issam Abdulmohsen Almarzooq said that oil-producing countries outside of OPEC have fulfilled the agreement on reducing oil production by 64 percent in March.
An escalator ascending through four floors in a busy Hong Kong mall suddenly reversed direction and sped up, sending riders tumbling out the bottom.
Google, Facebook and other social media websites that rely on advertising revenue are in the midst of a major media backlash that could result in legal ramifications, as extremist material keeps showing up next to sponsor-related content, drawing the ire of citizens and lawmakers alike.
Chinese Premier Li Keqiang is visiting Australia and New Zealand this week, while US relations with Australia cool over the migrant deal negotiated by the former US administration. Will China fill the vacuum in the region? Radio Sputnik’s Brian Becker invited China expert Keith Bennett to discuss the issue.
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