Qatar is turning its attention to diversifying its economy away from gas. Qatar’s stock market is set to welcome its first initial public offering (IPO) in nearly three years in a test of new regulations that Doha has introduced, hoping to compete with more active exchanges in the region. IT…
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Plan to jumpstart trade of renewable energy comes as Europe seeks to displace Russian gas amid the war in Ukraine. Montreal, Canada – Environmental rights groups have cautiously welcomed a new agreement between the German and Canadian governments to begin shipping hydrogen across the Atlantic as early as 2025, as the two…
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Governor Rhee Chang-yong says taming price growth remains the central bank’s first priority. South Korea’s central bank has lifted its benchmark interest rate by a quarter percentage point while raising its inflation forecast for the year. The latest hike by the Bank of Korea (BOK) on Thursday takes the key interest…
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Russian state gas company says the pipeline requires maintenance, deepening energy standoff with Europe. Russia’s state-owned energy company Gazprom has said a key pipeline conveying natural gas to Europe will shut down for three days at the end of this month to undergo “routine maintenance.” The unscheduled maintenance order on…
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Musk tweeted he was buying one of the world’s most famous football clubs but offered no details. Elon Musk, the world’s richest person, tweeted that he was buying English football club Manchester United Plc, without offering any details. Musk has a history of being unconventional and posting irreverent tweets. It was…
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The government last night hiked fuel prices by up to 51.7 percent, the highest in the country’s history, adding to the plight of common people already struggling to cope with the rising cost of living. As per the new prices that took effect at 12:00am today, a litre of octane…
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Industry observers say more airlines could follow suit if the central bank does not intervene to help airlines. Dubai’s Emirates plans to reduce flights to Nigeria this month due to troubles repatriating revenue from Africa’s most populous nation, according to a letter sent to the government and seen by Reuters.…
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The Tesla boss says the purchase deal is null as Twitter misled him regarding its tally of fake and spam accounts. Elon Musk has filed claims against Twitter as he fights the tech firm’s lawsuit demanding he be held to his $44bn purchase deal. Musk mounted a legal defence against Twitter’s…
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The Federal Reserve, the US central bank, is expected to raise interest rates by 75 basis points, but have markets already priced it in? US tech stocks popped on Wednesday, lifted by upbeat quarterly earnings from Microsoft and Google-parent Alphabet ahead of the Federal Reserve’s decision to announce another increase…
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Ukraine has accused Moscow of waging a “gas war” against Europe and cutting supplies to inflict “terror” on people. Russian energy firm Gazprom announced it is once again reducing gas flows into Germany to allow work on a turbine on the Nord Stream 1 pipeline. But Ukraine’s President Volodymyr Zelensky…
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