Economy

Spain prepared to save the economy at EU expense

Spain prepared to save the economy at EU expense

38

The Spanish government has prepared to save the economy from the crisis caused by the COVID-19 pandemic with an investment plan worth 150 billion euros.

Economy

Saudis threatened a new oil war

Saudis threatened a new oil war

50

Saudi Arabia may declare an oil war on Angola and Nigeria. It is reported by the American publication The Wall Street Journal.

Economy

Schroeder called the Nord Stream 2 sanctions an attack on the European economy

Schroeder called the Nord Stream 2 sanctions an attack on the European economy

66

Gerhard Schroeder assessed the new sanctions against the Nord Stream 2 gas pipeline, which are being prepared by the US, as “a deliberate termination of the transatlantic partnership”...

Economy

China is going to create the world's largest oil buyer

China is going to create the world's largest oil buyer

69

Chinese oil refineries, including China Petroleum & Chemical Corp., Sinochem, PetroChina, and China National Offshore Oil Corporation are in talks to form a group for joint oil purchases abroad.

Economy

Fighting Nord Stream 2: Washington has taken a step back

Fighting Nord Stream 2: Washington has taken a step back

106

A new bill has been introduced in the House of representatives of the US Congress called “on clarifying the law on protecting the energy security of Europe”, aimed at the Nord Stream 2 gas pipeline

Economy

The COVID-19 pandemic will bring tens of millions of people to extreme poverty

The COVID-19 pandemic will bring tens of millions of people to extreme poverty

129

The coronavirus pandemic hit the global economy badly — 60 million people could end up in extreme poverty. This statement was made by World Bank President David Malpass.

Economy

Germany approved a €130 billion rescue package for the economy

Germany approved a €130 billion rescue package for the economy

58

The program provides for temporary VAT reductions, material assistance for children, and billions for transport infrastructure.