France’s central bank governor told CNBC Saturday that monetary policy cannot compensate for trade tensions, and political leaders need to act in order to fend off today’s economic threats. Speaking to CNBC’s Annette Weisbach at an economic conference in Aix-en-Provence in southern France, François Villeroy de Galhau underlined that the main threat to global growth […] Read more
Russian Energy Minister Alexander Novak said non-OPEC producers had agreed to a nine-month rollover of supply cuts, according to multiple media reports Tuesday, ratifying a policy designed to prop up oil prices amid a weakening global economy. It comes less than 24 hours after energy ministers from the world’s most powerful oil-producing nations thrashed out […] Read more
A deal is now subject to approval from non-OPEC allies at a meeting on Tuesday, with Iraq’s oil minister saying he did not anticipate any complications. Iranian Oil Minister Bijan Zanganeh told reporters he had “no problem” with supporting oil supply cuts by nine months. OPEC is set to debate an extension of oil production […] Read more
U.S. President Donald Trump’s fresh sanctions on Iran are a “symbolic act” and may leave Washington with no room to exert further pressure on the nuclear power, a former U.S. diplomat said Tuesday. “What else do you have to do that will actually have to affect the Iranians’ calculus?” said Amos Hochstein, who served as […] Read more
The trade war is “manageable”, Egyptian billionaire and CEO of OCI N.V, Nassef Sawiris, told CNBC on Monday. OCI N.V produces and exports natural gas-based fertilizers and industrial chemicals to customers across agriculture and industry sectors. President Donald Trump has now said he’s ready to hit the remaining $300 billion of Chinese imports with tariffs […] Read more
Theresa May steps down as the leader of Britain’s ruling Conservative Party leader on Friday (June 7), kickstarting a contest among numerous hopefuls looking to replace her as UK prime minister. She will remain in Downing Street as caretaker prime minister until next month, when the Tory leadership race concludes. The outcome will determine the […] Read more
WASHINGTON (Reuters) – President Donald Trump on Friday pressured Mexico to stop people from crossing into the United States, one day after threatening to impose new tariffs on Mexican imports in a bid to get the country to crack down on illegal immigration. Trump said on Thursday he would ratchet up tariffs unless Mexico stopped […] Read more
Boeing Co has made corrections to simulator software that mimics the flying experience of its 737 MAX jets, which were involved in two fatal crashes, and the company has provided additional information to devise operators, a spokesman said on Friday. The spokesman, Gordon Johndroe, said the changes will ensure that the simulator experience is representative […] Read more
The European Commission has announced that a new maximum price will be implemented for all cross-border calls and SMS messages within the EU. Who is affected by the price cap? The price control will apply to telecom operators in all 28 EU countries as of the 15th of May and is also expected to come […] Read more
Honouring European leaders for outstanding achievements in business, politics and innovation, Euronews hosted the second edition of the European Leadership Awards on Monday, 6 May, 2019. Watch the ceremony on the video player above. A joint venture with the European Business Summit (EBS), the ceremony recognised the men and women shaping Europe. The awards took […] Read more
