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World News

A collection of 453 issues

OPEC oil production in March rose by only 57,000 bpd to 28.56 million bpd in February, the group's report

OPEC raised its 2022 U.S. oil production forecast, expecting an increase of 0.86 mb/d to 12.04 mb/d. OPEC lowered its 2022 outlook for oil production outside the organization, now expecting it to be 66.26 million bpd. OPEC lowered its forecast for growth in global

Optimism about global growth has dropped to an all-time low, and fears of recession are rising in the global investment community, Bank of America

The percentage of investors expecting the economy to deteriorate is the highest on record, according to the bank's April survey. Expectations of stagflation have jumped to their highest level since August 2008, while currency risk has risen to an all-time high.

Indian Oil has withdrawn Russian Urals oil from the latest tender.

Earlier, the head of the Pentagon said that the U.S. and India would launch a "defense exchange" in the space sphere between the military departments by the end of the year. He also added that relations between Russia and India were developing when Washington could not fully

Germany's economic sentiment index fell to pandemic lows as companies fear rising energy prices

The ZEW Institute's index of expectations fell to -41 in April from -39.3 in the previous month. "Experts are pessimistic about the current economic situation and suggest it will continue to worsen," ZEW President Achim Wambach said Tuesday.

The U.K. labor market is missing nearly 600,000 people after the covid

The recession is creating an acute shortage of skilled workers for employers. Unemployment continues to rise despite large wage offers. Unemployment is at 1970s levels and job openings are at record levels

Pakistan's parliament elected opposition leader Shahbaz Sharif as president

Only opposition parties participated in the vote because shortly before it, deputies from the ruling Pakistan Justice Party, led by the ousted Imran Khan, had decided to collectively resign. On Sunday after the vote, hundreds of thousands of Khan's supporters marched across Pakistan to protest his ouster, waving

Americans switch to cheap goods due to rising food inflation

Food prices rose 7.9 percent in February from a year earlier, the biggest increase since July 1981. This is forcing companies to rethink their marketing and pricing policies. "Consumers are becoming more price sensitive," said IRI Worldwide's president of strategic analytics. According to Lael Brainard

Italian Prime Minister will visit Algeria tomorrow to sign an agreement on new gas supplies

Draghi, accompanied by Foreign Minister Di Maio, will visit Algeria on Monday to sign an agreement on new natural gas supplies from that country to the Apennines. "Tomorrow morning, together with President Draghi, I will be in Algeria to sign an important agreement regarding gas that will allow us

London market of platinum and palladium blocked Russian refineries

Products manufactured by Russian refineries after April 8 are banned from trading in London. The London Platinum and Palladium Marketplace (LPPM) announced it is blocking sales of products from Russian refineries on the London market. The LPPM Steering Committee reviewed the list of accredited Russian refineries and decided to suspend

EU allowed to keep old financial leasing contracts with Russian airlines

The EU has allowed its companies to execute financial leasing contracts concluded with Russian airlines until February 26. After the term of the contract expires, planes under the terms of financial leasing will pass into the ownership of Russian carriers. The exact number of airplanes in financial leasing with Russian