How Coronavirus Impacts Climate Change
In some ways, the dire lockdowns undertaken to stop Covid-19 have fast-forwarded us into an unlikely future—one with almost impossibly bold climate action taken all at once, no matter the Continue Reading
Life-threatening extreme heat set to trap millions indoors by 2060
Extreme heat and humidity are increasing across the globe, threatening millions of lives and economies in places where it could become fatal to work outdoors, scientists said on Friday. Parts Continue Reading
Saudi Arabia Triples VAT, Cuts State Allowances Amid Crisis
Saudi Arabia announced a slew of austerity measures to cope with the impact of the coronavirus pandemic and an oil-price rout, tripling its value-added tax and cutting a cost-of-living allowance Continue Reading
Saudis Cut Oil Output Again as Kingdom’s Budget Reels From Crash
Saudi Arabia announced a surprise move to slash oil output to the lowest in 18 years as it tries to spur the recovery from an energy crisis that has devastated the Continue Reading
Saudi Arabia triples taxes, cuts $26B in costs amid pandemic
Saudi Arabia announced Monday it was tripling taxes on basic goods, raising them to 15%, and cutting spending on major projects by around $26 billion as it grapples with blows Continue Reading
India’s Migrant Laborers Begin Heading Home as Coronavirus Lockdown Eases
As India eases one of the world’s tightest coronavirus lockdowns, millions of migrant workers are struggling with a question that could determine both how quickly the country’s economy recovers and Continue Reading
India’s Top Oil Refiner Boosts Operations As Demand Picks Up
As India’s fuel demand picks up from April lows, Indian Oil Corporation (IOC), the country’s biggest refiner and fuel retailer, is gradually boosting operations across its refineries and aims to Continue Reading
India’s packed trains ready to roll again despite rising coronavirus cases
Tens of thousands of people have booked out seats on Indian trains that are due to restart on Tuesday after a near seven-week lockdown, raising concerns of spreading the coronavirus Continue Reading
Aramco Profit Is Hit Hard by Collapse in Oil Prices
Saudi Aramco said its first-quarter profit fell sharply and it would cut spending this year, underscoring the twin impact of an oil-price rout and the coronavirus pandemic on the kingdom’s Continue Reading
Saudi Arabia Imposes Austerity Measures as Its Economy Founders
Saudi Arabia said Monday it would triple its value-added tax rate and eliminate allowances for state workers, adopting austerity measures aimed at boosting state finances battered by the coronavirus pandemic Continue Reading