Page 19 - Cornelia Meyer News Today

Protect our precious democracies before it’s too late Cornelia Meyer January 16, 2021 22:38 National Guard troops assemble outside of the US Capitol on January 16, 2021 in Washington, DC. After last weeks riots at the US Capitol Building, the FBI has warned of additional threats in the nations capital and in all 50 states. (Eric Thayer/Getty Images/AFP) Short Url https://arab.news/z59cd Amid the global outrage over events in Washington on Jan. 6, it is important to understand that there was a...

An illustration of NEOM, which will be built in Saudi Arabia’s Tabuk province. (NEOM)

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Extraordinary times call for extraordinary leadership in OPEC+ — and Saudi Arabia stepped up Cornelia Meyer January 06, 2021 14:47 Saudi Arabia’s Energy Minister Prince Abdul Aziz bin Salman says the Kingdom lived up to its role as “the guardian of the industry.” (AFP file photo) Short Url https://arab.news/msy5t The coronavirus (COVID-19) pandemic has taught us how quickly things can change. In the oil industry, things were looking so good in mid-December when the Joint Ministerial Mon...

Jan. 4 OPEC+ meeting: Will they or won’t they up production in February? Cornelia Meyer Short Url https://arab.news/yepdd Most people in the oil industry will want to forget 2020. The coronavirus pandemic and lockdowns brought the global economy to a standstill. In April, the US benchmark West Texas Intermediate (WTI) briefly turned negative. While demand has recovered somewhat, the International Energy Agency estimated it was 8.8 million barrels per day (bpd) below 2019 levels in 2020. This ...

1. Amazon “buys” Cyprus 2021 sees Amazon and other online monopoly and infotech giants casting an increasingly wary eye on governments looking to take them down a notch for having become too powerful, and for paying very low tax rates. These companies have long employed an army of lobbyists, with some of them even taking up quasi-governmental approaches to the situation. Take Microsoft, which has launched a United Nations representation office in New York and hired a diplomat to run Europea...

Are we on the cusp of an emerging market debt crisis? Cornelia Meyer Short Url https://arab.news/jyxgf In November, the Institute of International Finance (IIF) came out with some chilling numbers: The global level of indebtedness rose by a staggering $15 trillion due to the cost the pandemic had inflicted on the global economy. The IIF expects global debt to exceed $277 trillion in 2020 or 365 percent of global gross domestic product (GDP). The 320 percent of global GDP it represented in 2019 ...

RIYADH: The coronavirus pandemic has had a brutal impact on the world’s economy, but it hasn’t all been bad news.  Gold bullion, the world’s go-to commodity in times of crisis, was up around 24 percent this year and is set for its biggest annual gain since 2010. What is this precious metal’s big attraction? It benefits from diverse sources of demand - as an investment, reserve asset, a luxury commodity and a technology component - according to the World Gold Council. It is highly liqui...

UK caught between COVID rock and Brexit hard place Cornelia Meyer December 23, 2020 15:39 A lorry blocks M20 motorway where trucks queue to port Dover, as EU countries impose a travel ban from the UK following the coronavirus disease (COVID-19) outbreak, near Ashford, Britain, December 23, 2020. (Reuters) Short Url https://arab.news/vdmaj Most British people would like to see their country as Cool Britannia, as it was portrayed in the late 1990s, or the “land of hope and glory,” Arthur Bens...

New strain of COVID-19 wreaking havoc in aviation and oil Cornelia Meyer Short Url https://arab.news/jq6p2 The airline industry, which had been badly battered by the pandemic, just about saw light at the end of the tunnel courtesy of vaccine approvals and the rollout of vaccination programs in several major economies. But once again the virus proved that it had a mind of its own. A mutant strand, which is believed to be 70 percent more infectious than the original coronavirus disease (COVID-19)...