It is “striking” that Iraq has made strong negative comments about OPEC+ production quotas ahead of the alliance’s meeting this week, one oil watcher said. The group is expected to consider delaying its output increase, scheduled for January 2021, at its two-day meeting starting Monday. “A couple of weeks ago, we were all thinking this was […] Read more
Bitcoin has plunged by close to $3,000 in less than 24 hours after hitting highs not seen since the end of 2017. The price of bitcoin was trading at $19,374 at 1:45 p.m. London time Wednesday when it began its slide. The losses accelerated overnight, with the price falling from $18,824 at 2 a.m. Thursday to […] Read more
Want to know how thousands of people in Lebanon are receiving super-fast internet speed for a fraction of the costs? Are you sick and tired of waiting for a page to load every time you make a search on the internet? Are you finding your average load speed is dropping and becoming super slow, especially at […] Read more
With several Covid-19 vaccine candidates showing promising trial outcomes, investors and analysts have turned increasingly optimistic that the pandemic could soon come to an end. But an analysis by Citi Research showed that “herd immunity” may not start to form until late-2021. Herd immunity occurs when enough people in a population develop protection against a disease, […] Read more
Pfizer and BioNTech will apply Friday for an emergency use authorization from the Food and Drug Administration for their coronavirus vaccine. If Pfizer’s application is approved, the vaccine will likely be limited and rolled out in phases, with health-care workers, the elderly and people with underlying health conditions getting the first inoculations. Essential workers, teachers and people in […] Read more
Chinese state-backed tabloid Global Times claimed on Sunday that the signing of the world’s largest trade deal over the weekend proves that China is not the “expansionist empire” that the U.S. and Western countries have made it out to be. Instead, the mega pact — the Regional Comprehensive Economic Partnership or RCEP — showed that China can […] Read more
President Donald Trump may have lost the presidential election but Trumpism is here to stay, according to Nobel-Prize winning economist Paul Krugman and historian Niall Ferguson. President-elect Joe Biden could be on course to secure 306 electoral votes, what Trump had described as a “landslide” victory four years ago. The results of the Nov. 3 […] Read more
U.S.-China trade tensions are set for more predictability after Joe Biden’s presidential win — which likely means calmer rhetoric in a continued tough stance on Beijing. Following years of brewing U.S. complaints about unfair business practices by China’s state-dominated system, President Donald Trump stepped up pressure on Beijing with policy measures that were often abruptly first floated through […] Read more
The coronavirus mutation discovered in Denmark’s mink could spark a new wave of the illness in the country, scientists warn. Authorities in Denmark — the world’s largest producer of mink furs — said five cases of the new virus strain had been recorded on mink farms and 12 cases in humans. The mutation showed a decreased sensitivity […] Read more
Republican pollster Frank Luntz told CNBC that President Donald Trump must win Arizona and Pennsylvania in order to defeat Democrat Joe Biden. That’s because Luntz said he believes Biden will hold on in Nevada, while Trump will eventually win Georgia and North Carolina. “Arizona is the place where the battle is going to happen, because […] Read more
