European shares slump to 2012 lows
European shares tumbled more than 8% on Monday as the coronavirus pandemic raged through much of Europe, with dramatic monetary easing by global central banks failing to reassure investors about Continue Reading
Coronavirus will send EU spiraling into recession in 2020: EU’s Breton
The coronavirus pandemic will plunge the European Union into recession this year, the EU’s internal market Commissioner Thierry Breton said, estimating the bloc’s economy risked a 2-2.5% hit. The outbreak Continue Reading
Europe’s Recession Inevitable as Last Line of Defense Crumbles
There’s 1,000 miles and a body of water between Mark McGowan and the Italian epicenter of Europe’s coronavirus outbreak. He may as well be next door. His 16-room hotel, the Scholars Continue Reading
Saudi Arabia floods markets with $25 oil as Russia fight escalates
Saudi Arabia is flooding markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, in an escalation of Continue Reading
Russia Takes Aim at U.S. Shale Oil Producers
Russia’s oil-market war with Saudi Arabia is part of a strategic campaign to cripple U.S. shale-oil production, a powerful economic tool that increasingly allows Washington to advance its foreign policy Continue Reading
UK to legislate on domestic carbon market March 19
UK government to introduce Finance Bill 2020 Set to include UK carbon market, carbon tax legislation UK ETS could include cost containment, auction reserve price The UK government is set Continue Reading
Italy wonders where Europe’s solidarity is as coronavirus strains show
Emergency doctors in Italy, the European epicentre of the coronavirus pandemic, were this week given guidance on “catastrophe medicine”. As the number of patients requiring intensive care balloons and hospitals Continue Reading
Spain Becomes Latest Epicenter of Coronavirus After a Faltering Response
Just last weekend, about 120,000 people marched through downtown Madrid to celebrate International Women’s Day. Some 60,000 soccer fans filled one of the city’s largest stadiums. And 9,000 supporters of Continue Reading
Russian Oil Giants Prepare For A Production Surge
Russian oil firms plan to raise their oil production from April and they are comfortable with the current oil prices and even lower, oil executives said after meeting this week Continue Reading
Saudi Arabia Strikes Back At Russia In Key Oil Market
The world’s top oil exporter Saudi Arabia is going after Russia’s oil market share in Europe with deeply discounted Arab Light crude at up to three times the usual volumes, Continue Reading