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Economy

USA tightens restrictions for export to Russia, China and number of other countries
20:40, Tuesday, 30 June, 2020
The United States authorities has tightened export restrictions on the supply of goods to Russia, China and some other countries. The two new ...
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IDBank joins ''The power of 1 dram'' initiative
14:25, Friday, 26 June, 2020
From now on, IDBank is the strategic partner of the initiative of Idram Company, ''The power of 1 dram''. The program is aimed at the development of ...
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Oil tankers carrying 2 months of Venezuelan output stuck at sea
22:00, Thursday, 25 June, 2020
Tankers carrying nearly two months' worth of Venezuelan oil output are stuck at sea as global refiners shun the nation's crude to avoid falling foul ...
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Europe could face oil shortage
18:25, Wednesday, 24 June, 2020
Europe could face a shortage of oil within the next decade, making a move to increase the use of low carbon energy even more urgent, Report informs, ...
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China has decided to ban the dollar
17:40, Tuesday, 23 June, 2020
China does not exclude that the USA tries to strengthen the sanctions pressure decides to forbid him to use the dollar as settlement asset. This was ...
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Global loss of manufacturing export due to lockdowns in the three global supply
16:45, Tuesday, 23 June, 2020
While most countries experienced some form of shutdown, the findings in the SME Competitiveness Outlook highlight that it was lockdowns in China, ...
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Gold prices went on record
16:35, Monday, 22 June, 2020
Spot gold prices went on record, reaching 1758,83 per ounce (plus 0.9 percent). About it writes Bloomberg.This year, gold prices rose by 15 percent, ...
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Pence paved the way for economic recovery
17:20, Saturday, 20 June, 2020
Vice President Mike Pence delivered an optimistic message about the ability of Michigan’s economy to bounce back after the COVID-19 pandemic ...
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#Apple closing 11 stores again in States seeing a spike in #coronavirus cases
15:40, Saturday, 20 June, 2020
Apple said Friday it has decided to close 11 stores in four states in which coronavirus infections are surging. The decision comes just weeks after ...
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Airlines sue UK government over quarantine
10:45, Saturday, 13 June, 2020
British Airways, easyJet and Ryanair have asked for a judicial review of the British government’s decision to impose a 14-day quarantine for ...
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#Zara owner to close up to 1,200 fashion stores worldwide after facing first loss
22:35, Thursday, 11 June, 2020
Zara owner Inditex will close up to 1,200 smaller stores by 2021 and will instead focus on its bigger stores and online sales. The announcement ...
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Capitalization of #Apple and #Microsoft reached a record $ 1.5 trillion
16:40, Thursday, 11 June, 2020
Apple and Microsoft were the first companies whose capitalization reached $ 1.5 trillion. This happened during regular trading on the NASDAQ ...
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National debt breaks record for highest portion of U.S. economy in nation’s history
16:15, Thursday, 11 June, 2020
The U.S. national debt has just reached 120.5% of the nation’s annual economic output, breaking a record set in 1946 for the highest debt ...
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IEA predicts the largest gas market drop in history in 2020  
21:45, Wednesday, 10 June, 2020
By the end of 2020, global gas markets will experience the “largest recorded demand shock in the history.” This is stated in the report ...
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Saudi oil hike shocks some Asian buyers without better options
20:40, Monday, 08 June, 2020
Saudi Arabia’s steep hikes to its crude prices for July have shocked some Asian refiners even as the region leads a rebound in global energy ...
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Debit cards of IDBank can be already ordered also by Idram
16:50, Friday, 05 June, 2020
Constantly improving and attaching great importance to the wishes and suggestions of the customers, the digital platform of IDBank and Idram already ...
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#Zoom video jumps to record with market cap now above $50 billion
21:45, Monday, 01 June, 2020
Zoom Video Communications Inc. soared to a record on Friday with a rally in the last hour of trading helping the company close with a market value ...
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Japan wants to subsidise your holiday to persuade you to return
01:10, Friday, 29 May, 2020
Japan is looking to boost tourism by subsidising a portion of travellers’ expenses, as the country lifts its state of emergency and eases ...
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US shale industry braces for wave of bankruptcies
01:05, Wednesday, 27 May, 2020
The biggest independent shale oil groups in the US reported a record combined loss of $26bn in the first quarter as the sector braces itself for a ...
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Swedish jobless rate climbs amid brewing political storm
18:30, Tuesday, 26 May, 2020
Sweden’s unemployment rate rose more than expected in April as the effects of the Covid-19 crisis continued to wreak havoc across the Nordic ...
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Negative pricing seen spreading from oil to gas as European demand slumps
23:10, Monday, 25 May, 2020
A month after U.S. crude oil prices collapsed into negative territory, European gas markets are facing the prospect of also slipping into the red ...
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Argentina defaults again as debt talks progress
00:15, Sunday, 24 May, 2020
Argentina missed interest payments to international creditors on Friday, thrusting the economically besieged country back into default territory.But ...
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US adds 33 Chinese companies, institutions to economic blacklist
15:35, Saturday, 23 May, 2020
The U.S. Commerce Department said on Friday it was adding 33 Chinese companies and other institutions to an economic blacklist for human rights ...
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US billionaire wealth surges $434 billion as unemployment filers top 38 million
12:05, Friday, 22 May, 2020
The number of U.S. citizens filing for unemployment increased to 38.6 million since March 18, according to the Bureau of Labor Statistics. Over the ...
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#CNPC experts call for reform of China's refined oil pricing scheme
16:30, Thursday, 21 May, 2020
Researchers at an energy think tank affiliated with China National Petroleum Corp (CNPC) are calling for the reform of China’s fuel pricing ...
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China: 99.1% of major industrial firms resumed working
05:30, Thursday, 21 May, 2020
Minister of Industry and Information Technology Miao Wei said on the 20th that as of May 18th, the average operating rate of the industrial ...
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Venezuela files claim to force Bank of England to hand over gold
16:15, Wednesday, 20 May, 2020
Venezuela's central bank has made a legal claim to try to force the Bank of England to hand over €930 million ($1.02 billion) of gold so ...
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Americans are giving Made in China the cold shoulder
20:50, Monday, 18 May, 2020
Supply Lines is a daily newsletter that tracks COVID-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest ...
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Yukos shareholders seize Russian vodka assets in the Netherlands
17:45, Monday, 18 May, 2020
Shareholders in the now defunct Russian oil giant Yukos have seized Netherlands-based assets of two well-known vodka brands controlled by the ...
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China is going to impose sanctions against #Apple and #Cisco
20:25, Saturday, 16 May, 2020
China, in response to the US plan to block the supply of semiconductors from world chip manufacturers Huawei, is ready to take some countermeasures, ...
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