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    Opec sees world oil demand reaching pre-virus level in 2022

    Opec sees world oil demand reaching pre-virus level in 2022

    15 Jul 2021

    Opec forecast on Thursday that world oil demand would rise in 2022 to reach a level similar to before the pandemic, led by growth in the United States, China...

    G20 meet warns of risk to global recovery from COVID-19 variants

    G20 meet warns of risk to global recovery from COVID-19 variants

    10 Jul 2021

    The global economic recovery is at risk from the rise of new coronavirus variants and poor access to vaccines in developing countries, finance ministers of the world’s 20 largest economies...

    IMF clears $650b expansion for vulnerable nations to fight virus

    IMF clears $650b expansion for vulnerable nations to fight virus

    09 Jul 2021

    The executive board of the International Monetary Fund approved a $650 billion expansion in resources to support economically vulnerable nations as they battle the coronavirus pandemic. IMF Managing Director Kristalina...

    China frees up $154 billion for banks to underpin economic recovery

    China frees up $154 billion for banks to underpin economic recovery

    09 Jul 2021

    China will cut the amount of cash that banks must hold as reserves, releasing around 1 trillion yuan ($154.19 billion) in long-term liquidity to underpin its post-COVID economic recovery...

    Volkswagen posts $13 billion profit; China auto sales up

    Volkswagen posts $13 billion profit; China auto sales up

    09 Jul 2021

    Volkswagen first-half operating profit is expected to come in at around 11 billion euros ($13 billion), it said on Friday, even surpassing pre-pandemic levels on the back of strong demand...

    Global growth worries, Chinese tech rout drag Wall Street lower

    Global growth worries, Chinese tech rout drag Wall Street lower

    08 Jul 2021

    Wall Street’s main indexes fell sharply on Thursday as the spread of the COVID-19 Delta variant cast doubts over an economic recovery, while a rout in Chinese tech stocks...

    Around 130 countries back deal on global minimum tax for companies

    Around 130 countries back deal on global minimum tax for companies

    01 Jul 2021

    Some 130 countries have backed a global minimum tax as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low...

    Uighur crisis: West needs to alter its approach

    Uighur crisis: West needs to alter its approach

    29 Jun 2021

    July 1st marks the 100th anniversary of the Chinese Communist Party. This occasion reminds us that beneath the glitzy modernity of Chinese cities, the ultra-modern infrastructure, the army of...

    UAE, China bilateral trade ties will continue to surge in coming years

    UAE, China bilateral trade ties will continue to surge in coming years

    25 Jun 2021

    Inayat-ur-Rahman, Business Editor The bilateral trade between UAE and China will continue to surge in the coming years as a result of the strong economic relations between the two...

    World economy back at pre-pandemic level: Survey

    World economy back at pre-pandemic level: Survey

    21 Jun 2021

    The global economy has surpassed its pre-pandemic peak, data survey firm IHS Markit said on Monday, as the recovery accelerates thanks to vaccination and the end of pandemic-related restrictions. IHS...

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