Global outages boost oil prices
Oil prices are on track for strong gains this week, and the price increases are not only the result of the crisis in Venezuela. The oil market received a boost from the US Federal Reserve this week, which signaled on Wednesday that it would essentially suspend its plans to hike interest rates this year. Fed chairman Jerome Powell said that economic growth remained “solid” but that the central bank had “the luxury of patience” when...
Single Chinese women over 30 get ‘love leave’ to find partner – media
Unmarried women over 30 have been offered extra time off by their employers in eastern China, during one of the longest public holiday periods, in order to give them an opportunity to date, according to local media reports. Two companies operating one of the most popular tourist attractions in the region, Songcheng theme park in Hangzhou, which is dedicated to the heritage of the Song dynasty, made an unusual “present” for its single...
Mckinsey’s full report regarding Lebanon’s economic vision
Russia-now.com publishes Mckinsey’s full report regarding Lebanon’s economic vision. To read the report, please press here.
Russian economy remains stable despite potential US sanctions — minister
The macroeconomic situation in Russia remains stable despite the possibility of new US sanctions, Economy Minister Maxim Oreshkin told reporters on the sidelines of the Russia-ASEAN forum. “For the last several years, our goal was to build a macroeconomic system, which will be resistant to external shocks. Oil prices have plunged by 25%, but the situation remains stable,” he commented on how strained the situation in...
UK cabinet backs Brexit draft
The UK cabinet of ministers has approved a draft withdrawal agreement between the UK and the EU, Prime Minister Theresa May said on Wednesday. “The collective decision of cabinet was that the government should agree the draft withdrawal agreement and the outline political declaration,” May said after a cabinet meeting. “This is a decisive step which enables us to move on and finalize the deal in the days...
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