The oil industry is damaged and higher prices won’t fix it because the economy cannot bear them. It is unlikely that sustained prices will reach $70 in the next few years and possibly, ever. The British exit from the European Union adds another element of risk for investors. Lack of investment will inevitably lead to lower production, supply deficits and price spikes. These will further […]
This is Abdul Sattar Edhi. He ran Pakistan’s largest ambulance service, but never took a salary or donations, and offered help to anyone without judgment. He passed away last Friday at the age of 88.
When you buy a Laptop or Notebook, for that current operating system which came pre-installed in it, shall never face any drivers issues, as those have been identified and optimized by OEM’s itself. But the real problem starts when you upgrade your laptop to latest operating system and then invites the issues of missing drivers of various components of your Laptop/Notebook. So, in this article, […]
Germany issued a 10-year bond at a negative interest for the first time on Wednesday, selling more than €4.0 billion with a yield of minus 0.05 percent, the German central bank or Bundesbank said. Why would anyone buy a bond with negative returns when he can just keep cash? Whole central banking is turning senseless. First theory is central banks will buy back their bonds […]
Brexit shock may boost, not hinder, yuan internationalization Brexit could prompt Beijing to hedge its bets and foster more offshore yuan hubs across the EU, analysts said. “Frankfurt, Paris and Zurich are all very active in offshore yuan business,” said Ngan Kim Man, deputy head of treasury at China Everbright Bank’s Hong Kong branch.
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Coalition may clinch enough seats to form majority government Former banker lacks strong mandate for economic reforms While annual growth has accelerated toward its 30-year average of 3.2 percent and unemployment has fallen to 5.7 percent, Australians don’t feel richer. The nation is the world’s most China-dependent developed economy and needs new growth drivers after prices for its iron ore and coal exports plunged.
In the meantime, we look forward to the next pan-European bank bailout, now that even Germany’s biggest bank has thrown in its support behind the proposal, which means Merkel and Schauble’s resistance will promptly evaporate in the coming days as insolvent banks across Europe once again get rescued by taxpayers, in the process further escalating populist anger at the treatment of banks, leading to more […]
If you’re worried that you may spread sinusitis to classmates or co-workers, breathe easy. It isn’t contagious. Go back to your normal activities if you feel well enough.