Russia’s Novatek, Sovcomflot, China’s Cosco Shipping and the Silk Road Fund have agreed to set up a joint venture based on the company Maritime Arctic Transport for year-round navigation along the Northern Sea Route.
Cash-strapped South African Airways (SAA) says it needs 4 billion rand in emergency cash from government to pay off maturing debt.
Britain’s government has estimated that the cost of eliminating greenhouse gas emissions by 2050 could be 40% higher than one given by official climate advisers, the Financial Times reported on Thursday, citing a finance ministry letter.
The United Arab Emirates, Saudi Arabia and Norway will present to the U.N. Security Council on Thursday the results of a joint probe into attacks targeting four tanker vessels off the UAE coast last month, UAE-owned channel Sky News Arabia reported.
In thirty years, the UN expects more than two thirds of the world’s population to live in cities. This change, its challenges and the solutions were the topics of this year’s The Future of Building conference in Vienna, organized by the WKÖ, the Austrian Federal Economic Chamber.
The dollar struggled near a seven-week low on Wednesday on rising expectations of a U.S. central bank interest rate cut in response to trade conflict-related risks.
Policymakers should “tether” London to the European Union to avoid isolating the region’s largest financial hub, harming the euro zone economy and spawning an offshore financial centre, the head of the U.S. derivatives watchdog said.
he pound recovered on Tuesday but gains were minimal, amid promises from U.S. President Donald Trump of a “phenomenal” post-Brexit trade deal.
South Africa’s economy saw its sharpest contraction in a decade in the first quarter of 2019 as power cuts hurt key sectors like manufacturing and mining, another sign that President Cyril Ramaphosa’s growth drive is struggling to gain traction.
Italian Prime Minister Giuseppe Conte threatened on Monday to resign, telling his two coalition partners to end their constant feuding or seek new elections.