because oil producing countries agreed to continue cutting production basically to push up prices which seems to be working so far. saudi arabia said it would make cuts of1 million barrels a day injuly and 0pec+ said targets would drop by 1.4 million barrels per day from 202a. 0pec+ accounts for a1% of crude oil and let s get more for our middle east correspondent. it was widely expected before the meeting started on the weekend that 0pec+ would reduce oil production because it is hovering around $75 a barrel. there are concerns it could fall further with global economy struggling and demand wiggling. saudi arabia and some countries were really keen that the oil group goes ahead and makes another cut as a group but most countries were against that idea because any would cut the oil revenue crucial for their economies. saudi arabia was the only one who could make the cut and be able to manage its budget. why is saudi arabia keen to make these cuts? if you look at oil prices as
But diplomatically, its a sensitive issue because a takeover of the american steelmaker crosses over into Election Year politics for president joe biden. Thats according to corporate lawyer nick wall, from allen overy in tokyo. He is ina he is in a difficult position here. The pressure of the union on one side and the strongest ally in the region and a strong supporter of us industry on the other side. Supporter of us industry on the otherside. He supporter of us industry on the other side other side. He is in a difficult other side. He is in a difficult position. Other side. He is in a difficult position. Us| difficult position. Us shareholders vote on friday now expected to approve the deal, thatis expected to approve the deal, that is the first step in the process i understand. What are the different hurdles that the deal will have to go through for it to happen . It deal will have to go through for it to happen . It happens on friday and for it to happen . It happens on friday and
Forjapan, the merger represents a major opportunity to link up operations around the world, in an industry where bigger is better. But diplomatically, its a sensitive issue because a takeover of the american steelmaker crosses over into Election Year politics for president joe biden. Thats according to corporate lawyer nick wall, from allen overy in tokyo. He is in a difficult position here. The pressure of the union on one side and the strongest ally in the region and a strong supporter of us industry on the other side. He is in a difficult position. Us steel shareholders vote on friday now expected to approve the deal, that is the first step in the process i understand. What are the different hurdles that the deal will have to go through for it to happen . It happens on friday and people expect it to go through. The threshold is not high so that should go through. There are regulatory steps and there are two main aspects of that. First is antitrust. Given that japan steel does not ha
openly lgbt people pay a penalty for being their authentic selves, both in terms of education, employment, getting promotions, etc. even in the united states where the situation is particularly good for lgbt people, they are receiving roughly 90 cents per the dollar of their straight counterparts. so, long story short they don t command as much power in the marketplace that a lot of these estimates would have you believe. before we go, let s quickly check on the markets japan s nikkei has gone up nearly i.5%. investors very happy the debt ceiling issue is now resolved.
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