EghtesadOnline: Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle.
EghtesadOnline: The European Union will challenge the China-US trade agreement at the World Trade Organization if it creates "distortions" in the market that harm EU companies, the bloc's envoy to Beijing said Friday.
EghtesadOnline: Russia and India can bolster mutual trade by overcoming their geographical distance by taking a route that takes advantage of Iran's strategic coastlines, a university professor wrote in a commentary on Russia-India relations.
EghtesadOnline: UK Prime Minister Boris Johnson wants to "unleash Britain's potential." First the economy has to catch back up with the rest of the world.
EghtesadOnline: Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a US air strike which martyred a top Iranian military commander in Iraq.
EghtesadOnline: Former Nissan chief Carlos Ghosn said Tuesday he had fled to Lebanon to escape injustice in Japan, where he was on bail awaiting trial on financial misconduct charges.
EghtesadOnline: Oil prices fell 1% on Tuesday, the last trading day of the decade, but notched the biggest annual gain in three years, supported by a thaw in the prolonged US-China trade war and ongoing supply cuts from major oil producers.
EghtesadOnline: European Central Bank policymaker Robert Holzmann hopes to see the end of negative interest rates by the time his six-year term ends, he told an Austrian tabloid, praising new ECB Chief Christine Lagarde for fostering collegiality among his peers.
EghtesadOnline: OPEC and its allies (OPEC+ including Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, South Sudan and Sudan) led by Russia agreed to cut output by an additional 500,000 barrels per day until March 2020 as the 177th OPEC meeting held in Vienna, Austria, closed on Friday.
EghtesadOnline: France and the European Union are ready to retaliate if US President Donald Trump acts on a threat to impose duties of up to 100% on $2.4 billion in imports of French products, the French government said on Tuesday.