The world’s fastest-growing oil market is showing an uneven recovery two months after easing demand-destroying virus-control measures. Provisional fuel sales in June had climbed within 88% of 2019 levels from less than half in April in the midst of the world’s biggest lockdown, the oil ministry said citing sales of […]
Read moreTrump’s Pick For Public Lands Chief Puts Endangered GOP Senators In A Bind
President Donald Trump just put two of his favorite Senate allies in a tough spot. Late Tuesday, Trump formally nominated William Perry Pendley, a conservative lawyer with extreme anti-environmental views and a long history of advocating for the sale of federal lands, to serve as director of the Bureau of Land […]
Read moreImplosion of High-Flying Billionaire Trio Shows Pledging Risks
WeWork impresario Adam Neumann, Chinese latte mogul Lu Zhengyao and, now, Markus Braun, the fallen star of German fintech — all have exposed the perils of one of the biggest money maneuvers in the C-suite: borrowing money against stock in your own company. Braun was forced to sell much of […]
Read moreAfter 200 years on a cliff, now this village is in apartments
Hong Kong (CNN Business)This was supposed to be the year that Beijing would announce it had ended absolute poverty in China, fulfilling a key pledge of President Xi Jinping and one of the founding missions of the Chinese Communist Party. Then the novel coronavirus pandemic tore through the global economy. […]
Read moreOld Mutual’s Share Price Is Key Focus in Zimbabwe’s Currency War
The share price of one of Africa’s oldest insurers is taking center stage in Zimbabwe’s battle to bring order to its chaotic foreign-exchange system. In the latest in a series of attempts to stabilize its currency, the government wants to eradicate the Old Mutual Implied Rate. The gauge, used by […]
Read moreSingapore’s Election Campaigns to Focus on Jobs Amid Pandemic
Singapore’s Foreign Affairs Minister Vivian Balakrishnan said in a debate that 60,000 foreigners lost their jobs in the first five months of this year due to the coronavirus outbreak. Balakrishnan’s comments, in response to the opposition Singapore Democratic Party’s Chee Soon Juan pushing for fewer foreign workers, come as the […]
Read moreMexico Now Sixth in Deaths; Vaccine Shows Promise: Virus Update
Mexico overtook Spain in coronavirus deaths and is now the sixth hardest hit nation, while the latest surge in the U.S. spurred areas including New York City and California to pull back on reopenings and more local governments instituted mask requirements. Apple Inc. will close more stores and McDonald’s Corp. […]
Read moreCBS Entertainment Boss George Cheeks Names Chris Ender As New Communications Chief
As they say, it couldn’t have happened to a nicer guy – in the best way. Nearly 25 years after joining CBS as a media relations executive, Chris Ender today was named communications chief for the CBS Entertainment Group. “Reporting to me, Chris will be responsible for all public relations, […]
Read moreNationwide current account changes come into effect today – are you affected?
Nationwide first launched its FlexDirect account in November 2012, with the current account having offered customers a five percent introductory rate. However, changes were announced in April this year, and today, a new rule has come into effect. READ MORE Interest rates UK: Negative interest rates ‘penalise’ savers At the […]
Read moreHertz, Creditors in $11 Billion Standoff Over 494,000 Used Cars
Bankrupt Hertz Global Holdings Inc. and its bondholders are squaring off over how to shrink its nearly half-a-million vehicle fleet. Market watchers say the outcome could upend the multi-billion dollar lease-backed ABS industry. The cars are housed in an entity linked to Hertz’s asset-backed securities and leased to the rental […]
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