Stock markets rose Friday after U.S. President Donald Trump struck an upbeat note on trade talks with China, while the pound ended a volatile Brexit-fueled week by rising against the dollar.Full Story
Production cutbacks by OPEC nations are building a supply cushion that could be called upon to mitigate a possible supply shock from an abrupt drop in crisis-hit Venezuela's output, the IEA said Friday.
With a nationwide blackout that paralysed the country for one week, demonstrating the unreliability of the country's electricity network, new questions are being raised about Venezuela's ability to continue to produce and export oil.Full Story
Asian markets rose Friday as Donald Trump struck an upbeat note on trade talks with China, while the pound held steady after British MPs voted to delay Brexit.Full Story
U.S. President Donald Trump on Thursday hailed the "unlimited" potential of a trade deal with Britain -- as Brexit is deadlocked in parliament.Full Story
The European Parliament on Thursday failed to back the launch of trade talks between the EU and the United States, dealing an unexpected blow to efforts to avert a trade war.Full Story
The pound retreated Thursday awaiting yet another Brexit vote, after the UK currency struck multi-month highs versus the dollar and euro thanks to British MPs ruling out a no-deal departure from the European Union.Full Story
Dubai port and logistics giant DP World said Thursday its net profit for 2018 rose over five percent on increased trade and higher returns from new acquisitions.
The global provider, which runs port operations in over 40 countries, said in a statement that it posted a net profit of $1.27 billion in 2018, compared to $1.21 billion the previous year.Full Story
Britain's economy faces major possible risks in the event of a "no deal" Brexit including recession, a collapse in the pound, surging inflation, and multinationals leaving the UK.
- Growth -Full Story
The United Arab Emirates has slammed a European Union decision to add it to a tax haven blacklist despite the Gulf state's efforts to meet EU requirements.Full Story
Britain will slash import tariffs in case of a no-deal Brexit and will not apply customs checks on the border with Ireland, the government said on Wednesday.Full Story