Economy
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We need to talk about Davos
The World Economic Forum is known for glitzy parties, exclusivity, and dealmaking – in addition to panels on topics ranging…
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Yellen says Russian oil price cap could save African countries $6 bln annually
Russia’s war against Ukraine is hitting Africans particularly hard by exacerbating food insecurity and putting an unnecessary drag on the continent’s economy,…
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Iran’s oil gushes into global market as China imports surge
Iran’s oil exports are surging, offering solace to both Tehran and a global market fretting over the prospect of sanctions…
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UK shoppers cut back spending as inflation worsens
Inflation-pinched British shoppers unexpectedly cut their spending in December, official data showed on Friday, dashing hopes for a Christmas shopping…
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China to speed up construction of coal power plants this year
China is planning to accelerate construction of coal- and natural gas-fired power plants this year, even as massive investment in…
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Saudi non-oil, private sector activity growing at highest rate in over a decade: Min
Saudi Arabia’s Minister of Economy and Planning, Faisal Alibrahim, said on Thursday, the Kingdom’s non-oil and private sector activities are…
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Goldman sees modest downside risk to oil prices from steady Russian production
Goldman Sachs on Wednesday said that the current resilience in Russian oil production, if sustained, places only moderate downside risk…
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Saudi Arabia will continue to tap non-traditional sectors for jobs: Minister
Saudi Arabia’s economy minister said on Wednesday the Kingdom would continue to tap into non-traditional sectors like entertainment and esports…
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Saudi Aramco acquires trading arm of US refiner Motiva
Saudi Aramco has acquired the trading arm of US refiner Motiva Enterprises LLC as the state-owned oil giant expands its…
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Saudi Aramco sees oil demand picking up on China and aviation recovery
The world’s biggest oil company is confident demand will pick up strongly this year as China reopens its economy and…
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