Google will offer checking accounts next year, according to a source familiar with the company’s plans, representing big tech’s boldest move yet into the consumer banking business as most have focused on credit cards and payment platforms. The accounts for the project will be run by Citigroup and the Stanford Federal Credit Union. The Wall […] Read more
After a strong summer in the housing market, something is turning potential buyers on their heels. Just 21% of Americans say now is a good time to buy a home, a drop from 28% in September, according to a monthly sentiment survey by Fannie Mae. There was also a decline in the share of people […] Read more
A high-level committee of Saudi Basic Industry Corporation (Sabic) executives are working on a post-Aramco IPO (initial public offering) strategy, including possible acquisitions, as the kingdom puts the final touches on the critical stock market offering. “I am very optimistic,” Sabic Vice Chairman and CEO, Yousef Al Benyan, told a small roundtable of reporters at […] Read more
A geothermal heat and power project in the southwest of England has secured £16.8 million ($21.23 million) in funding. In an announcement Monday, educational charity the Eden Project and EGS Energy Limited said the money would enable the first phase of the scheme, which includes the drilling of a 4.5 kilometer-deep well and a research […] Read more
The World Trade Organization (WTO) has backed a U.S. request to impose tariffs on $7.5 billion of European goods, potentially sparking a new trade war across the Atlantic. Arbitrators from the WTO have granted President Donald Trump’s administration the right to levy billions against imports of European goods for what they say are illegal subsidies […] Read more
Oil will hit levels ‘we haven’t see in our lifetimes’ if Iran isn’t stopped, Saudi Crown Prince says
Saudi Arabia’s Crown Prince Mohammed bin Salman has warned of astronomical oil prices in the event that tensions escalate in the Persian Gulf, two weeks after his country was hit by a drone and cruise missile attack that Riyadh and Washington have blamed on Iran. “If the world does not take a strong and firm […] Read more
Israeli oil and gas company Delek has received an offer from an unnamed investor for a potential investment of up to $250 million into its North Sea focused subsidiary Ithaca Energy. An Ithaca asset in the north Sea / Image source: Ithaca Delek, which through Ithaca agreed to buy Chevron’s North Sea assets in a […] Read more
In article one, we touched base on the G20, its creation and described some of its successes since its first meet in 2008. Here, we speak of the Saudi Vision 2030 and how it, generally, relates to the G20. The Kingdom recognizes the fact, that in a world that rapidly changes, it is the collaborative […] Read more
Saudi Arabia’s first participation in the G20 meetings, according to Wikipedia, was during the 2008 Washington summit. Saudi Arabia, was the tenth largest sovereign wealth fund in the world then, as well as, the second largest oil reserves. Initially, the Saudi entrance to the G20 was due to its economic importance as an “effective pricing […] Read more
President Donald Trump insisted Wednesday that the economy is healthy and said the only thing holding U.S. growth back is the Federal Reserve. In his latest slap at the central bank, the president called Fed Chairman Jerome Powell to a “golfer who can’t putt.” In tweets, he also claimed the country is “doing great with […] Read more
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