Revenues from Qatar’s LNG fields will provide budget surpluses until the 2030s, Fitch said. Fitch Ratings has upgraded Qatar to AA, its third-highest rating, on the back of revenues expected from its expanded gas fields, the agency has said. Revenues from Qatar’s liquified natural gas (LNG) fields will ensure that…
French Competition Authority says tech giant fails to respect commitments and negotiate in ‘good faith’ with publishers. France’s competition watchdog has fined Google 250 million euros ($272m) for breaching commitments to media companies on content licensing. The French Competition Authority said on Wednesday that it was imposing the fine as…
The regulator will have the power to fine clubs up to 10 percent of their turnover for non-compliance with financial regulations. The British government is planning to establish an independent football regulator to oversee the sport and encourage financial stability via a bill introduced in the parliament. The regulator will…
Russia’s success in evading Western sanctions has helped its economy far outperform expectations ahead of Vladimir Putin’s all but certain re-election on Sunday. Ever since Russia’s invasion of Ukraine in February 2022, the Russian economy has consistently defied the dire predictions of critics. That resilience appears to be holding firm as Russians…
US president’s remarks come as he is seeking to shore up support in key swing state of Pennsylvania. United States President Joe Biden has opposed the proposed sale of a Pittsburgh-based steel manufacturer to Japan’s largest steel producer, insisting on the need for “strong American steel companies powered by American…
The European Union also sent requests for info to tech giants on their use of generative artificial intelligence. The European Commission has opened a formal investigation into Chinese e-commerce site AliExpress over concerns about illegal and pornographic content on its platform. In a statement on Thursday, the European Union’s executive…
The International Energy Agency says shipping disruptions provide a short-term boost to the oil market with demand at 1.3 million barrels per day. Global oil demand is forecast to grow more than expected due to the rising fuel needs of ships rerouted away from the Red Sea amid attacks by…
Britain is cutting taxes for workers again ahead of elections. Britain slipped into recession late last year, and many people and businesses are struggling with a high cost of living. The Conservative Party is battling for its electoral future against a bleak economic backdrop.Britain’s spring budget of 2024 was seen…
Islamabad, Pakistan — When Pakistan’s 19-member new cabinet took oath on March 11, one man stood out in the lineup: Muhammad Aurangzeb, a political outsider tasked with the challenge of steering the country out of its economic woes. Aurangzeb, a veteran banker who previously headed one of Pakistan’s largest commercial banks,…
National People’s Congress discusses future of nation amid increasingly turbulent geopolitics. China’s plans for the coming year have been set out at its National People’s Congress. The country is aiming for the same modest economic growth as it did last year, but its economy is facing several challenges, and geopolitical…
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