The U.S. House of Representatives passed a law to kick Chinese companies off U.S. stock exchanges if they do not fully comply with the country’s auditing rules, giving President Donald Trump one more tool to threaten Beijing with before leaving office. The measure passed the House by unanimous voice vote, after passing the Senate unanimously […] Read more
The outcome of Wednesday’s lease sale in the U.S. Gulf of Mexico will give analysts insights into whether the oil and gas industry will rush to secure new offshore leases before Biden moves to ban new lease developments as part of his energy plan geared toward support for renewables, emissions reduction, and the creation of green energy […] Read more
LONDON — The prospect of a Joe Biden presidency and the most progressive climate strategy the U.S. has ever attempted is not something that should concern the energy industry, oil and gas executives have told CNBC. Instead, they hope President-elect Biden will engage directly with them as he rolls out his energy plan. Biden, who has won the U.S. […] Read more
OPEC on Wednesday trimmed its global oil demand forecasts for the remainder of this year and 2021, citing a weaker-than-expected economic outlook and a surge in coronavirus cases. In a closely watched report, the group of oil-producing nations said it now expects world oil demand to contract by around 9.8 million barrels per day year over […] Read more
Lobby formation is normally initiated for the purpose of strengthening a nation’s standing and the need to activate its role on the international scene, thus, serving its interests and strategies. The emergence of lobbies is one of the most important features of the modern state. It evolved in the last quarter of the 20th century, […] Read more
U.K. Prime Minister Boris Johnson said Friday that he would seek a no-deal Brexit unless there is a fundamental change of approach from the European Union. “Unless there’s a fundamental change of approach, we’re going to go to the Australia solution, and we should do it with great confidence,” Johnson said, accord to Reuters, after negotiators failed […] Read more
The forthcoming U.S. election matters not only for the American people and the country’s economy; the outcome of the vote in November will also have a significant impact across the Atlantic. Europe’s financial markets and economic prospects will be affected by whoever enters (or remains) in the White House after the vote, according to economists […] Read more
Stock market analysts in Asia clearly do not agree on who will win the U.S. presidential election. But they’re pretty unified on how they plan to play it. CNBC asked 30 strategists a series of questions about the U.S. election and their current investments, offering them anonymity in exchange for their views. All 30 respondents were […] Read more
As coronavirus cases began to surge in France, Spain and the U.K. this month, there were question marks over why Italy — the epicenter of Europe’s first outbreak in spring — and Germany, Europe’s largest economy, weren’t seeing similar increases. But looking at the most recent data, it appears Italy and Germany won’t be able to avoid […] Read more
President Donald Trump is expect to decide on TikTok’s fate in the U.S. in the next 24-36 hours, sources told David Faber. To address ownership concerns, ByteDance plans to do an initial public offering of global TikTok on a U.S. stock exchange, according to people familiar with the matter. Oracle will also own a minority […] Read more
