Internet use, including wireless, spiked significantly in recent months as many people were forced to stay in and work from home due to the coronavirus pandemic. The increased pressure on networks even forced some online video providers to limit the quality of their content for users in certain areas.
The Israeli government has approved a framework agreement with Greece and Cyprus to construct the Eastern Mediterranean Gas Pipeline. On 2 January, in Athens, ministers from the three countries signed the agreement, which allows for Italy to join the project.
NEW YORK (Sputnik) - Wall Street closed higher on Monday, with the recently-ravaged Nasdaq Composite Index of technology stocks having its best day in a week, as buyers returned to the market on signs that a new US novel coronavirus relief bill could see passage in Congress.
People should prepare for a golden decade, with the yellow metal continuing its steep rise presumably up to $4,800 by the end of the 2020s, precious metal experts observe, outlining the reasons behind the hunger for bullion.
A top official at the Huawei Better World summit discussed how information communications technology (ICT) infrastructure could help tackle the ongoing coronavirus pandemic and boost connectivity across key vertical sectors.
The hefty IPO comes amid concerns over the future of the key US-China Phase One agreement on trade that is aimed at rectifying the two countries’ economic ties, which have been tarnished by a bilateral tariff spat that kicked off in 2018.
Being a key global manufacturer, China is constantly looking for new sources of resources, but the political positions of some of the country's main opponents could get in the way of Chinese companies seeking to expand their international foothold.
BHP is an Anglo-Australian company which mines iron ore, coal and copper in Latin America, the US and Australia. In November 2015 two dams co-owned by BHP and a Brazilian firm, collapsed and inundated large areas of Brazil with water and toxic mud.
Last week, gold prices on the New York Mercantile Exchange and Commodity Exchange (COMEX) increased by 0.6% compared to the previous session's close, reaching $1,904 per troy ounce.
MOSCOW (Sputnik) - Russia exported 396,000 tonnes of liquefied natural gas (LNG) to China in June, while US exports amounted to 340,000 tonnes during the same period, Bloomberg reported on Monday, citing data from China’s General Administration of Customs.
Investors are also following events in Washington, as the Trump administration and Republican lawmakers have finalised a roughly $1 trillion coronavirus relief bill.
It is still far behind the second-largest cryptocurrency, Ethereum's ether token, in terms of gains, as the latter has gained 140 percent in 2020, despite reduced economic activity amid the coronavirus pandemic.
Many European countries showed higher rates of new COVID-19 cases than the US did at the initial stages of the pandemic, but when the time came to reopen, they were more successful at doing so without triggering a second wave of infections, economists say.
A poll released by a Sydney-based think tank in June showed that only 23 percent, an all-time low, of Australians express trust toward China with regard to international responsibility.
WASHINGTON (Sputnik) - European prices for natural gas would drop by about one quarter if the Nord Stream 2 pipeline connecting Russia to Germany were completed, the consulting firm Wood Mackenzie said in a report on Friday.
The US Congress is currently mulling a new round of support for the American economy during the pandemic, that cost would at least $1 trillion if agreed by the Democratic-led House of Representatives and Republican-led Senate. However, such a fiscal stimulus may also create additional risks for the American currency.
EU Trade Commissioner Phil Hogan noted that the WTO is soon going to issue arbitration on a "parallel case" of the European Union against the United States regarding "certain unlawful subsidies to Boeing".
In late-May, MarketWatch, a website that provides financial information and business news, predicted that gold prices could reach a record high by the end of this year with Darwei Kung, a portfolio manager and head of commodities at the asset management firm DWS Group, saying that he expects gold prices to gradually increase over time.
China’s Foreign Ministry ordered Washington to close down the US Consulate in the city of Chengdu, with the tit-for-tat move coming days after US officials moved to shutter the Chinese Consulate in Houston, Texas amid allegations that its employees were engaged in systemic espionage and theft of US intellectual property.
The multinational’s Indian subsidiary was accused of profiting off the pandemic earlier this year by increasing prices for hygiene products. The company called those reports “completely false,” and said the rise in soap prices was related to a hike in prices for palm oil, one of the key ingredients of its soaps.