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Gold rises amid halt in vaccine trials
Recently, gold prices have been gaining in value due to the news flow. As a rule, the precious metal soars when dark clouds are hanging over the global economy...
Hedge funds revising oil investment strategies
Large hedge funds are puzzling over further OPEC moves. Energy investors assume that the cartel and non-OPEC oil exporters participating in the OPEC+ deal will be able to make...
Ant Group wins final nod from China's watchdog to enter Hong Kong offering
Reportedly, Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, has finally received approval from China's top securities regulator to register for an initial public offering (IPO) that would...
China's economy to undergo drastic changes
For the first time in its history, China takes the environmental issue close to heart. The country, where people have been wearing masks even before the coronavirus outbreak, is preparing...
Libya reopens oil facilities on Sharara key oilfield
On October 11, Libya’s National Oil Corporation announced that it had resumed its crude production. Importantly, oil facilities were relaunched on Sharara, the country’s largest oilfield. The announcement came close...
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Russia to consider turning to green energy
The topic of transition to renewable energy has become extremely popular nowadays. As a rule, such energy giants as Russia, who solely depend on conventional energy sources, show little...
Huawei tops list of China’s most valuable consumer electronics companies
There is great news for fans of China's electronic devices. Huawei has become the most valuable Chinese consumer electronics company, worth 1.1 trillion yuan ($164.3 billion). Some traders seem...
Europe takes tough actions against tech giants
EU regulators have decided to introduce tougher legislation against the foreign tech giants. They will act in sync to deliver a severe blow to the bewildering monopoly power...
NCB-Samba merger to create Gulf’s third largest lender
Oil is not the only source of income for Saudi Arabia. As part of Vision 2030, a large-scale development program, the kingdom is planning to diversify its economy away from...
US budget deficit hits record $3.1 trillion
According to the US Treasury Department, the federal budget deficit surged 3.2 times in the fiscal year that ended on September 30, reaching a record $3.132 trillion. The state budget...