Russia’s President Vladimir Putin. Russia’s longest recession in two decades is proving a test too far for the labor market. After deflecting pressure in 2015 with salary reductions, part-time work Continue Reading
Saudi Arabia is “not prepared” to cut oil production, Agence France-Presse reported, quoting the Saudi foreign minister Adel al-Jubeir. “If other producers want to limit or agree to a freeze Continue Reading
Nigeria’s crude oil export operation has suffered a serious setback following a major crack-up of a giant underwater pipeline at the Forcados export terminal. Following the incident, crude oil lifting Continue Reading
Venezuela’s central bank on Thursday released long-awaited data showing the depth of the OPEC country’s recession, a day after President Nicolas Maduro announced a package of measures seen as insufficient Continue Reading
Around the world, small sport-utility vehicles are replacing sedans in consumers’ hearts, but no where is the trend as popular or extreme as India, where car makers are introducing mini-SUVs. Continue Reading
More public institutions will have greener fleets by 2020, the central authority said Thursday. Public institutions in China include government organs, education institutions, hospitals, cultural venues and sports facilities. These Continue Reading
Sales of new cars in China in January rose 9.3% from a year earlier, as demand increased in the run-up to the Lunar New Year holiday. Sales of new cars—sedans, Continue Reading
The death rate from lung cancer in the heavily industrialized province surrounding Beijing has more than quadrupled in the last four decades, with researchers pointing to worsening air pollution as Continue Reading
As oil firms scrap dozens of billions worth of mega projects essential for supplies in decades ahead, fresh output from huge fields already being developed is set to weigh for Continue Reading
Gasoline futures are trading as if the U.S. economy is about to hit the brakes, according to Goldman Sachs Group Inc. Contracts for delivery in the summer months are currently Continue Reading
