ArcelorMittal in talks to sell Canadian ore business
It seems that steel won’t be a hot thing in a year or two. Sales were decreasing long before the COVID struck the economies. ArcelorMittal wasn’t prepared to…
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Since now, Uniliver is completely British
The food and household chemical and detergent group Unilever gives up its double British-Dutch structure and becomes completely British on paper. This step should offer the company behind…
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The US no longer sees Hong Kong as an autonomous Chinese region
The United States no longer sees Hong Kong as an autonomous area that is sufficiently separate from the Chinese government. According to US Secretary of State Pompeo, “no…
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Lloyds expects insurance industry to lose more than $200 billion
Lloyds of London, the world’s largest insurance retailer, expects the industry to shed $ 203 billion in losses this year as a result of the corona crisis. This…
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Australia enters a first recession in three decades
Australia is expected to enter the deepest recession ever in the first half of this year as a result of the corona crisis. The Australian central bank announced…
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Boris Johnson says he himself underestimated the coronavirus
A hospitalization was required to convince Boris Johnson of the danger of covid-19. He named his newborn son after two attending physicians. That says the British prime minister…
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Moody’s lowered Saudi Arabia outlook
Credit rating agency Moody’s gets gloomier about the prospects for Saudi Arabia. The credit rating agency fears that plummeted oil prices will lead to a significantly higher government…
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Rumours of Kim Jong-un death are gross exaggeration
The state media has so far remained silent after fierce speculation about Kim’s deteriorating health condition. South Korean media reported earlier this week that Kim is struggling with…
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OPEC and Russia confirm the agreement to reduce output
In a statement, members of the OPEC oil cartel and ally Russia confirmed that they agreed on Thursday to cut production. In May and June, 10 million barrels…
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Saudi Arabia expands into European oil and gas markets
Saudi Arabia’s sovereign wealth fund has taken holdings in four major European oil and gas companies, with a total value of approximately $ 1 billion. Insiders reported this…
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