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The Russian Central Bank keeps the main interest rate at its current level of 4.25%
The Russian Central Bank decided during its Board of Directors meeting, today, Friday, to maintain the main interest rate at its current level.
"On February 12, the Board of Directors of the Bank of Russia (the Russian Central Bank)…
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Nigerians win UK court OK to sue Shell over oil spills
The UK Supreme Court on Friday allowed a group of 42,500 Nigerian farmers and fishermen to sue Royal Dutch Shell (RDS) in English courts after years of oil spills in the Niger Delta contaminated land and groundwater.
Senior judges said…
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Challenges facing the sea line between Iran and Syria
In this week’s episode, we discuss Russia’s intention to launch the "Northern Torrent 2" this year despite the challenges, and huge economic projects linking the Arab world directly to Europe, and the establishment of a sea line to…
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Corona dealt the worst blow to the British economy
The British economy took a crushing blow, due to the emerging Corona virus crisis, as the UK's GDP fell by more than 20% last April, the worst decline since 1997.
The data released by the British Office for National Statistics revealed,…
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Shell unveils green strategy after oil output peak
Energy giant Royal Dutch Shell declared Thursday that its oil output is locked in decline after peaking in 2019 as it outlined green plans to switch away from fossil fuels.
The London-listed company will invest up to $6.0 billion (4.9…
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Saudi Arabia’s crown prince launches ‘Coral Bloom’ luxury Red Sea project
Saudi Arabia’s Crown Prince Mohammed bin Salman launched a luxury Red Sea resort project on Wednesday.
The “Coral Bloom” development has been designed by the world-renowned British architectural firm Foster + Partners.
It will be…
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Tesla buys $1.5bn in Bitcoin, will accept as payment soon
Tesla has invested around $1.5 billion in Bitcoin and said it plans to begin accepting the digital currency as payment for it high-end vehicles soon. The price of Bitcoin soared 15 percent to above $43,000 Monday morning.
The…
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Irish fintech company sets up Mideast HQ in Riyadh
Irish financial technology company Global Shares has announced it is to set up its Middle East headquarters in Riyadh and has partnered with NCB Capital, the investment banking arm of the Kingdom’s largest commercial bank.
The Cork-based…
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China moves to curb monopolistic practices
China’s market regulator released new antimonopoly guidelines on Sunday that target internet platforms, tightening existing restrictions faced by the country’s tech giants.
The new rules formalize an earlier antimonopoly draft law…
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UK plans to tax firms that profited from pandemic
Britain plans to tax retailers and tech companies whose profits have soared during the COVID-19 pandemic, the Sunday Times reported, citing leaked emails.
The government has summoned companies to discuss how an online sales tax would…
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