Page 20 - Cornelia Meyer News Today

New star rises in the east Cornelia Meyer Short Url https://arab.news/6c5gm The big story of the 21st century will be the ascent of China and a shift in both economic and political power from West to East. This has been a long time coming, but we are nearing some kind of a climax. Several economists forecast that by 2024 China’s economy as measured by GDP will overtake that of the US. The exact year matters less than the ironclad fact that China’s economy will overtake America’s in this d...

Three words come to mind when looking at the Saudi budget: Prudence, realism and responsiveness. Like all economies, Saudi Arabia was affected by the pandemic. The Ministry of Finance (MoF) expects GDP to decline by 3.8 percent in 2020 and rise by 3.2 percent for 2021. The MoF forecasts the 2021 budget to have revenues of SR846 billion ($225 billion), expenditures of SR990 billion and a deficit of SR145 billion — 12 percent compared to 4.5 percent in 2019. The MoF foresees the budget deficit ...

Oil in a good place Cornelia Meyer Short Url https://arab.news/47bby Oil is in a happy place — so good indeed that this week’s Joint Ministerial Monitoring Committee (JMMC) of OPEC+, an accord of the 10 OPEC countries and their 13 non-OPEC allies led by Russia could be postponed to Jan. 4. The JMMC is monitoring compliance with the production cuts which — at 7.2 million barrels per day (bpd) — are still at historic highs. Oil markets were influenced by hopes around recent approvals of v...

city. yemens president is recovering in saudi arabia from what appears to be an assassination attempt. ambassador to france says it will sue a france network after a woman called in saying she was ambassador to france. the ambassador says the interview was a hoax. france 24 network says it is puzzled insisting the woman it put on the air was her. "world business today" starts right now. good morning from cnn london and welcome to the show. these are the top stories on wednesday, ju...

from small businesses to major corporations. what can we do for you? >> and now, "bbc world news." >> this is bbc world news today. fears that thousands may have died in japans earthquake and tsunami and concern is growing about radiation leaks from the clear power stations. authorities in japan are on alert about a possible nuclear meltdown after a second explosion in 48 hours at the fukushima plant. the rescue and relief operations struggle to help half million left homeless. whole c...