Venezuela: U.S. Sanctions Are “An Attack On The Oil Market”

By Tsvetana Paraskova The U.S. sanctions against Venezuela are affecting consumers worldwide and are an attack on the oil market, Venezuelan Oil Minister Manuel Quevedo said on Thursday. The minister, speaking at an OPEC International Seminar today—a day before...

Turkey opens tender for 1,200 MW offshore wind plant project

Turkey has opened a tender for a 1,200-megawatt (MW) offshore wind plant project. The Turkish Energy and Natural Resources Ministry will accept applications for the plant, which “will be the biggest in the world and the first of its...

Turkey starts implementing retaliatory tariffs against US

Turkey will start implementing retaliatory tariffs worth $266.5 million against the United States on June 21 over “ill-advised” and “unsupportable” additional steel tariffs enacted by Washington, Economy Minister Nihat Zeybekci has said. The tariffs will be imposed on imports of U.S....

Atatürk Airport closure to hit $4 billion hotel investments nearby: Association

The closure of Istanbul’s Atatürk Airport will likely hit 62 nearby hotels, which are valued at a $4 billion investment, a leading association has warned. Last year, the total added value for these hotels was around 500...

Japan inflation stuck at 0.7% in May, way below target

By Behrouz Mehri Japanese inflation was stagnant in May, government data indicated Friday, and still far below target as the Bank of Japan shows little sign of winning its long battle against deflation. Prices in the...

Is Washington moving toward containing China?

Source:Global Times Is the US tilting toward a containment strategy against China? On the one hand, the US seems to be more motivated and active in containing China. On the other, China and the US...

China slams ‘capricious’ US trade actions

By Huang Ge Source:Global The US has many structural problems and turns other countries into scapegoats for its own issues, and its approach of using a "big stick" in trade talks does not work with...

Eurogroup Rules Out New Bailout Program for Greece

BRUSSELS (Sputnik) - Eurogroup President Mario Centeno announced in the early hours of Friday that Greece had completed the eight-year ESM assistance program and would no longer need bailout money. "Today the institutions confirm Greece...

Are Instagram stars facing a brand backlash?

By Mary-Ann Russon Technology of Business reporter Consumer goods giant Unilever has taken a stand against "influencer marketers" who exaggerate their social media clout to earn more money promoting products. Is this the start of...

Largest banks clear U.S. Fed’s toughest annual stress tests

Michelle Price, David Henry WASHINGTON (Reuters) - The 35 largest U.S. banks are poised to put more money toward dividends, share buybacks and business investments, after clearing the first stage of an annual regulatory stress...

Supreme Court lets states force online retailers to collect sales tax

Lawrence Hurley WASHINGTON (Reuters) - States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many...

OPEC strives for deal to raise oil output as Iran resists

Ahmad Ghaddar, Vladimir Soldatkin, Ernest Scheyder VIENNA (Reuters) - OPEC scrambled on Thursday to agree on raising oil output, with Saudi Arabia warning of shortages but Iran holding out against a deal amid the prospect...

Airbus warns could leave Britain if no Brexit deal

AFP PARIS: European aviation giant Airbus warned Thursday it could be forced to pull out of the UK if Britain leaves the European Union without a deal. In a Brexit risk assessment, Airbus said Britain withdrawing...

German carmakers join American farmers on front line of U.S.-China trade war

Doina Chiacu, Edward Taylor, Yawen Chen WASHINGTON/FRANKFURT/BEIJING (Reuters) - An increasingly shrill exchange of words between the United States and China that is threatening to trigger a global trade war has claimed another victim -...

EU tariffs on US goods come into force

The European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on President Donald Trump's trade policy. The duties on €2.8bn (£2.4bn) worth of US goods came...

Asian shares flirt with six-month lows as signs of tariff effects appear

Hideyuki Sano TOKYO (Reuters) - Asian shares were under pressure on Friday on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy...

Pay raise not enough for Egypt’s angry civil servants

SHERIF EL-TOUNY CAIRO: Egyptian civil servants have warned the government that increases in their salaries will not help them avoid the devastating impact of tough new austerity measures. Earlier this month the national Parliament approved a...

Chinese Companies Could Take Their Money Out of US Market

Worried by growing US protectionism and the ongoing trade war with Beijing, Chinese companies working in the US are now looking to invest their money elsewhere. While acknowledging China's concerns about the possible impact of the ongoing...

Armenian parliament approves new pension system

YEREVAN, June 21. /ARKA/. The Armenian parliament has approved today a set of amendments to the law on  funded pension, which call for a cut in monthly financial contributions made by Armenian citizens born...

South Korea wants railroad link to Russia through North Korea

Seoul, Moscow and Pyongyang can implement several major trilateral infrastructure and energy projects if stability is reached on the Korean peninsula, according to South Korean President Moon Jae-in. One such project could be a railway...