Oil mixed amid U.S. inventories draw, OPEC+ impasse
Investors worried OPEC+ impasse could boost global crude supply
Trade & Economy
Migrant worker numbers rise by five million: ILO
The number of international migrant workers has increased from 164 to 169 million, the International Labour Organization (ILO) said on Wednesday, noting a marked rise in the number of young people seeking opportunities abroad, too.
COVID-19 impact on tourism could deal $4 trillion blow to global economy: UN report
The impact of the COVID-19 pandemic on tourism could result in a more than $4 trillion loss to the global economy, UN trade and development body UNCTAD said on Wednesday in a report issued jointly with the UN World Tourism Organization (UNWTO).
Oil hits new multi-year highs; investors eye Iran nuclear talks this week
Brent crude futures for August rose 28 cents, or 0.4%, to $72.17 a barrel by 0107 GMT, their highest since May 2019. U.S. West Texas Intermediate crude for July touched $70 for the first time since October 2018 and was at $69.91 a barrel, up 29 cents, or 0.4%.
COVID crisis to push global unemployment over 200 million mark in 2022: Experts
The economic crisis caused by the COVID pandemic is expected to contribute to global unemployment of more than 200 million people next year, with women and youth workers worst-hit, UN labour experts said recently
India loses Farzad-B gas field in Iran
India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company.
Covid-19 fuels exponential growth in global e-commerce
Global e-commerce jumps to $26.7 trillion, fuelled by COVID-19
Coronavirus surge results in gold production decrease in India
Gold, a major item in India’s import and export baskets to the UAE, is among a host of goods impacted
Gold imports rise by 22.58% to $34.6 bn in 2020-21
Gold imports, which have a bearing on the country’s current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data.
A $12.5 Billion Deal Shows Saudi Oil Still Eclipses All Else
Saudi Arabia attracted $5.5 billion in net FDI flows in 2020, equivalent to about 1% of its economic output, according to data compiled by Bloomberg,