Page 17 - Cornelia Meyer News Today

The World Trade Organization (WTO) on Monday finally got its new boss. Ngozi Okonjo-Iweala is highly qualified for the job as a former deputy of the World Bank, two-time finance minister of Nigeria, and outgoing chair of Gavi, the global alliance created to enable access to coronavirus disease (COVID-19) vaccines for the developing world. The new director general – the first

Why the reflation trade can work for Gulf economies  Cornelia Meyer Short Url https://arab.news/vc7mp US Treasury yields have turned positive. The most significant jump was the 10-year Treasury note, which jumped from 0.72 percent in September to 1.375 percent on Monday morning. The questions to ask are: What is behind the move? What does it mean for equity markets? And what are the implications for emerging markets, especially the Gulf Cooperation Council (GCC)? The name of the story is refla...

Global mining community is off to the races. Why it matters to the GCC Cornelia Meyer February 20, 2021 01:32 An employee walks up an overlook of the Rio Tinto borates mine in Boron, California, on November 15, 2019. (REUTERS/Patrick T. Fallon/File Photo) Short Url https://arab.news/vu3ay The world’s leading mining companies reported their earnings earlier this week. They have been ripping it up: BHP had its best results in seven years; Rio Tinto returned $9 billion to its shareholders, a rec...

The imprisonment of Russian opposition politician Alexei Navalny on his return from having been treated for Novichok poisoning in Berlin brought the fissures between Russia and the West to the fore — as did the police’s subsequent heavy-handed response to pro-Navalny demonstrators. The EU and Germany were quick to condemn the actions and the US followed suit. Both the US and

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Augsburg-based textile manufacturer Manomama has so far managed to get through the coronavirus pandemic without state aid and short-time working.

Pandemic profit hikes mean more regulatory scrutiny for Big Tech Cornelia Meyer Short Url https://arab.news/2mp7j The old saying that it is possible to have too much of a good thing often proves to be an adage rooted in reality — as Big Tech in China and the US are discovering, or are about to. Major technology companies on both sides of the Pacific are among the biggest beneficiaries of the coronavirus (COVID-19) pandemic. Revenues and profits have soared because they could offer the world e...

Wednesday’s meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC+, an alliance of OPEC members and 10 other friendly oil-producing nations, was unusually short and unusually sweet. The upbeat sentiment reflected optimism about the rollout of COVID-19 vaccines in developed countries and the fact that additional vaccines, such as CureVac and Russia’s Sputnik V,

OPEC+ JMMC compliance may be good, but markets only held because of Saudi cuts Cornelia Meyer Short Url https://arab.news/6ghhp It is that time of the month: OPEC+ (an alliance between OPEC and 10 nations led by Russia) is set to hold its monthly Joint Ministerial Monitoring Committee (JMMC) meeting where ministers led by Saudi Energy Minister Prince Abdul Aziz bin Salman and Russia’s Deputy Prime Minister Alexander Novak monitor compliance with the organization’s production regime. The out...

Why vaccine nationalism is a death sentence for millions Cornelia Meyer January 30, 2021 22:34 A Moroccan nurse administers the Oxford AstraZeneca COVID-19 vaccine to a health worker, on the second day of the vaccination campaign, at Cheikh Khalifa Hospital in Casablanca, Morocco, Saturday, Jan. 30, 2021. (AP) Short Url https://arab.news/jsu5r At their virtual summit last year, G20 leaders promoted global cooperation in fighting the coronavirus, with particular emphasis on how Gavi, the Vaccine...