The profit of the state oil giant Saudi Aramco fell 73 percent in the second quarter, because a drop in energy demand and prices due to the crisis in coronavirus hit sales at the world’s largest oil importer. But the company stuck with plans to pay $ 75 billion in …
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Investors in Turkey are no strangers to volatility, which has plagued one of the Middle East’s largest economies for years. But not everyone can surround this time. De lira tumbled until Friday a record low, even though the central bank has spent billions in the past year to clean up. …
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Cyprus appealed to Russia on Thursday to help ease tensions with Turkey over natural gas exploration in the eastern Mediterranean, where a long-running dispute over jurisdiction in the energy-rich area has been heating up. A Turkish seismic ship, the Barbaros Hayreddin Pasa, sailed in waters off Cyprus earlier this week. …
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Zimbabwe agreed on Wednesday to pay $ 3.5 billion in compensation to white farmers whose land was expropriated by the government to resettle black families, taking another step further to resolve one of the most divisive policies of the Robert Mugabe era. But the southern African nation does not have …
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Antagonisms between the United States and China are rocking governments around the world, prompting a German official to warn of the “Cold War 2.0” and the President of Kenya to call for unity to combat the coronavirus pandemic. World trade was already depressed by the two-year tariff war between the …
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