China’s economy picks up speed in fourth quarter, ends 2020 in solid shape after...

By Gabriel Crossley, Kevin Yao BEIJING (Reuters) - China’s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand...

Are Your Netflix Binges Killing The Planet?

By Alex Kimani The use of streaming video has grown exponentially around the world, with pandemic-driven shelter-in-place mandates helping to supersize the industry. The live streaming industry recorded nearly 100% growth at the height of the...

Biden’s Boom: The $30 Trillion ESG Sector Is Set To Explode In 2021

By Dave Petersen With trillions of dollars pouring into ESG funds last year, 2020 has been called the “tipping point” year for this mega-trend. But many are predicting that the ESG boom will take off again on...

Three Energy Tech Trends To Watch This Year

By Irina Slav Transition will be the word of the year in energy, no doubt. But this transition involves a host of technologies that many believe will help the world move beyond the fossil fuels era. Many will...

U.S. Shale Is Gaining Influence Over Oil Markets

By Matthew Smith OPEC was formed in 1960 by founding members Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. For a brief period, the petroleum cartel became the dominant force behind world oil prices and a key...

The Miraculous Material Transforming Energy Storage

By Tsvetana Paraskova A material discovered less than two decades ago could become the key to safer, faster-charging and lighter batteries that power electronic devices, electric vehicles, and stationary energy storage.    Since the ‘supermaterial’ graphene was first isolated...

Russia’s Rosneft Looks To Attract Oil Traders To Huge Arctic Project

By Tsvetana Paraskova Russia’s top oil producer, state-controlled oil firm Rosneft, is in talks with some of the world’s largest oil trading houses, offering them to become investors in a major oil project in Russia’s Far...

Automotive production down 11 pct in 2020

Automotive production and exports in Turkey decreased by 11 percent and 27 percent, respectively, year-on-year in 2020, the country's Automotive Manufacturers Association (OSD) said on Jan. 17. Last year, the automotive industry made the lion's share of the country's...

External assets at $228.6 bln in November

Turkey's external assets amounted to $228.6 billion at November end, down 9.7 percent from 2019, the Turkish Central Bank announced on Jan. 18. The country's liabilities against non-residents during the same period rose 2.6 percent to $614.5...

Turkish gov’t saves $9.5 bln in 2020: Minister

Turkey's central government saved around 66.5 billion Turkish liras ($9.5 billion) in 2020, Treasury and Finance Minister Lütfi Elvan said on Jan. 18, citing budget balance figures which beat the year's target. "We will never compromise on...

Armenia registers highest decline of GDP in EAEU

YEREVAN, JANUARY 18, ARMENPRESS. Armenia’s Gross Domestic Product (GDP), according to the current prices and the average exchange rate of the dram against the US dollar calculated by the Central Bank, comprised 8 billion...

China GDP Grows 2.3% In 2020, Bounces Back To Pre-Pandemic Trajectory

The 2.3 percent expansion is the lowest figure since the Chinese economy embarked on major reforms in the 1970s. China's economy grew at the slowest pace in more than four decades last year. (File)-World Agence...

Analysis: Wall Street cheers on Biden stimulus plan but worries about the cost

By David Randall NEW YORK (Reuters) - A proposed $1.9 trillion coronavirus relief stimulus package from President-elect Joe Biden may prove a double-edged sword for investors, sustaining optimism for further economic revival while raising worries over...

Analysis: Investors resigned to Trump’s China ban, with Biden seen changing little

By John McCrank, Ross Kerber, Alun John NEW YORK/BOSTON/HONG KONG (Reuters) - Financial executives are settling in for the long haul over the Trump administration’s investment ban on Chinese securities, expecting the rules to be lasting but hoping...

Futures inch lower ahead of results from Wall Street lenders

By Devik Jain (Reuters) - U.S. stock index futures slipped on Friday as optimism over a $1.9 trillion stimulus plan unveiled by incoming President Joe Biden faded with investors turning to quarterly reports from major Wall...

Analysis: Biden’s $1.9 trillion rescue package offers bridge for hard-hit economy

By Ann Saphir (Reuters) - U.S. President-elect Joe Biden’s proposal to pour $1.9 trillion into a hobbled economy could lay the foundation for a surge in jobs and spending that many economists say is needed to...

Trump’s China tech war backfires on automakers as chips run short

By Ben Klayman, Stephen Nellis (Reuters) - Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the Trump administration’s actions against key Chinese...

JPMorgan profit jumps on trading, investment banking strength

By Reuters Staff (Reuters) - JPMorgan Chase & Co reported a higher fourth-quarter profit on Friday, as strength in trading and investment banking offset the drag of low borrowing rates on interest income at the largest...

Investors push for social media controls ahead of U.S. inauguration

BOSTON (Reuters) - Pension fund managers and religious investors on Friday asked top social media companies to step up their content control efforts to reduce the threat of violence ahead of the inauguration of...

Turkey, Iran find opportunity in WhatsApp crisis

Turkey is doing everything in its power to take advantage of renewed scrutiny on popular message application WhatsApp, which recently imposed new conditions on its users, to draw its citizens to a locally developed...