Business


Saudi Arabian Government Shuts Down Qatar's Al-Jazeera Office

Several other countries like Maldives and Libya also plan to cut transport links with the Gulf nation , spiralling the incident into the worst diplomatic crisis in the Middle-East in decades. The rift was already having tangible effects, with dozens of flights cancelled , Qatari planes barred from regional airspace, and panic buying in Doha amid fears of food shortages.


Euro area growth picks up more than expected in first quarter

Euro area growth picks up more than expected in first quarter

The rate is the highest in two years and backs up a raft of indicators showing that the recovery has picked up momentum. The UK's large Continental peers - Germany, France - grew by 0.6 per cent and 0.4 per cent respectively. Despite the rosier growth, few in the markets expect the European Central Bank to announce any change in its stimulus program, largely because inflation remains too low for comfort.



Kamenetz Commits Baltimore County to Paris Climate Agreement

He also signed HB 1578 , which creates a Carbon Farming Task Force to ID agricultural and aquacultural practices in improving soil health and "the capture of long-term storage of atmospheric carbon dioxide to mitigate climate change ". This is why the show of solidarity from global leaders after the United States announcement is important. The U.S. bears about 20% of the costs for the Secretariat of the United Nations Framework Convention on Climate Change , which provides the ...


Euro area proves stronger as first-quarter growth revised up

Euro area proves stronger as first-quarter growth revised up

European Central Bank chief Mario Draghi told a parliamentary hearing recently that the 19-nation eurozone's economy is improving but it still needs heavy stimulus. In New York, the Dow shed 0.2 percent in late morning trading. The German DAX ( DAX ) closed at almost 13,000, registering a gain of 1.75% over the previous week, while the Euro Stoxx 50 ( FEZ ) posted a weekly gain of 0.24%.


Sterling implied volatility jumps to highest in almost a year

Sterling implied volatility jumps to highest in almost a year

A Survation poll published on Monday evening found Labour within just one point of the Conservatives. The pound faces a major test'. Markets believe the 2017 election is particularly important because it could change the outcome of Britain's exit negotiations from the European Union (EU).



Bakken pipeline system in United States starts operations

It carries oil pumped out of the Bakken oil formation in Canada and parts of the northern USA plains south to a major pipeline hub, where it can be sent to Gulf Coast refineries. Standing Rock Sioux chairman Dave Archambault II told CNN , "Now that the Dakota Access Pipeline is fully operational, we find it more urgent than ever that the courts and administration address the risks posed to the drinking water of millions of American citizens".