Category: Finance
Sun-starved Sweden turns to solar to fill power void
Bloomberg Sweden, known for its long dark winters with barely any daylight, is seeing a solar power boom. Harnessing whatever sunshine the country gets is emerging as the quickest solution to fill…
EUROPE ENERGY CRISIS – Qatar and Germany sign energy strategic partnership
News – Oil and Gas – Berlin, May 2022 Qatar’s Emir, His Highness Sheikh Tamim bin Hamad Al Thani, and German Chancellor Olaf Scholz signed a strategic energy partnership on May 20…
Lagarde tells EU leaders they must ‘water the green shoots’
Bloomberg / Brussels European Central Bank president Christine Lagarde urged leaders to keep their fiscal purse strings loose, warning that a premature brake on stimulus measures could derail a nascent recovery. At…
Soaring Mideast Heat May Roil Oil Market as Demand Surges
(Bloomberg) — Soaring temperatures in one of the world’s top energy-producing regions could drive fuel prices higher as countries there burn more oil and natural gas to keep homes cool. Saudi Arabia,…
Aramco raises $6bn with debut global sukuk to fund dividend
Saudi Arabian oil giant Aramco locked in another $6bn yesterday to help fund a large dividend as it returned to the international debt markets with its first USdollar-denominated sukuk sale, a document…
G7 finance ministers meet, global corporate tax deal ‘within sight’
Finance ministers from the G7 countries met face-to-face for the first since the pandemic. A key issue on the agenda is possible tax rules for major multinationals. Finance ministers from Group of Seven nations…
EU deficit rules to remain suspended in 2022
Rules against overspending by EU governments will remain suspended through 2022, leaving more time for stimulus plans to boost the economy to pre-crisis levels, the European Commission said on Wednesday. “The recovery…
New QFC member set to become global portfolio manager of spot LNG
A Qatar Financial Centre (QFC) newcomer will establish its position as a global portfolio manager of spot LNG, or liquefied natural gas trades that will have immediate local knock-on effects, after Doha…
Big Oil’s Chemical Profits Show Inflationary Double Whammy
(Bloomberg) — Drive down any highway in the world and you’ll see countless reminders that the price of Big Oil’s primary product is rising. What’s less obvious is how the inflationary pressures…