DUBAI, United Arab Emirates — Saudi Arabia’s state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy markets. Saudi Arabian Oil Co. released its annual financial results a year after the pandemic sent the price of oil crashing to all-time lows as people stopped moving around the world to stem the spread of the virus.
Three of the most active banks in financing oil exports from Ecuadorian amazon- an environmentally destructive industry with a long track record of trampling on indigenous people’s rights- have agreed to cease important parts of their financial supports after pressure from NGOs and a devastating oil spill in 2020.
Economic upheavals in modern global history have often been succeeded by promising periods of reinvention and revival.
Following the financial crisis, the European Banking Authority (EBA) has established tighter standards around the definition of default (CRR Article 178) to achieve greater alignment across banks and jurisdictions. These need to be implemented by the end of 2020.
The United Kingdom (“UK”) has established itself as a leading restructuring destination in Europe. This article highlights the impact Brexit, and the uncertainty relating to Brexit may have on cross-border transactions and restructurings in the UK.
2014 is a landmark year for the world economy, one when the dominance of the USA appears to be over as China becomes the world’s largest economy.
The Australian government has accused China of undermining their free trade agreement over a series of actions by Beijing against Australian export goods. In the latest stous with its number one trading partner, China has imposed levies of up to 212 per cent on Australian wine exports.
The website for Greenlight Advantage Group calls chairman and founder Dr. Terrence Cash, “the nation’s No. 1 business, money and wealth coach” and Dr. Cash’s LinkedIn page says he’s been chairman and CEO of the Orlando company since 2010.
Major Chinese companies that are crucial to Beijing’s global trade and infrastructure projects are under threat as U.S.-China tensions escalate and that could mean more risks for American investors, according to research firm TS Lombard
Alibaba’s annual shopping festival Double 11 – also known as China’s Singles’ Day happens every year on November 11 and might be likened to the US’ Black Friday or UK’s Boxing Day sales …