Highlights Meeting date hinges on tightening compliance Quota violators being pressured to overcomply Saudi Arabia, Russia aligned on keeping cuts London — OPEC and its allies have coalesced around a one-month extension to their 9.7
Read more
Tag: remains
US STOCKS-Wall Street gains on Boeing boost, recovery hopes
(Reuters) – A jump in Boeing shares lifted Wall Street on Wednesday, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest in the country. Traders wear masks as
Read more
OPEC’s second largest producer won’t give up on output cuts
OPEC’s second-largest producer and the biggest laggard in the output cuts, Iraq, will further reduce production and remains committed to the OPEC+ pact, said Iraqi Deputy Prime Minister and acting Oil Minister Ali Allawi. “Despite
Read more
Economic Report: Service side of U.S. economy breaths signs of life in May as states reopen, ISM finds
The numbers: Retailers, restaurants and other service-oriented companies began to recover from the coronavirus pandemic in May, a new survey shows, but business is still extremely slow and points to a U.S. economy still in
Read more
UPDATE 2-Air fares decline in further threat to profit – IATA
FILE PHOTO: A view of the economy class cabin inside an Emirates Airline Boeing 777-200LR plane following its arrival at Mexico City International Airport during its first route from Dubai via Barcelona to Mexico City,
Read more
Air fares decline in further threat to profit: IATA
FILE PHOTO: A view of the economy class cabin inside an Emirates Airline Boeing 777-200LR plane following its arrival at Mexico City International Airport during its first route from Dubai via Barcelona to Mexico City,
Read more
Coronavirus: France’s virus-tracing app ‘off to a good start’
France’s digital minister has said its coronavirus contact-tracing app has been downloaded 600,000 times since it became available on Tuesday afternoon. StopCovid France is designed to prevent a second wave of infections by using smartphone
Read more
Boardroom shuffles become latest coping mechanism for companies battling COVID-19 fallout
Aston Martin. EasyJet. Royal Mail. These are just some of the U.K.-listed companies that are overhauling their management teams and accelerating succession plans as they seek to cope with disruption amid the coronavirus pandemic. There
Read more
‘Very destructive’ SECOND wave of Covid-19 may come as countries lift restrictions, WHO warns
There is a “definite threat” of a repeat Covid-19 outbreak if nations emerging from their first wave aren’t vigilant, a senior official at the UN’s health watchdog has warned the Russian diaspora, as countries ease
Read more
As Lufthansa retrenches, Wizz Air looks to spread wings
FRANKFURT/LONDON, June 3 (Reuters) – Lufthansa pledged tough restructuring on Wednesday, even as budget rival Wizz Air upgraded a Middle Eastern expansion – underscoring the contrasting fortunes among airlines grappling with the coronavirus crisis. The
Read more